PUBLISHER: The Business Research Company | PRODUCT CODE: 1413995
PUBLISHER: The Business Research Company | PRODUCT CODE: 1413995
“Amino Acids And Proteins For Animal Nutrition Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on amino acids and proteins for animal nutrition market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for amino acids and proteins for animal nutrition? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The amino acids and proteins for animal nutrition market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Amino acids and proteins for animal nutrition are fundamental molecular components comprising an acidic carboxyl group (-COOH), a basic amino group (-NH2), and an organic R group or side chain. These molecules serve as the building blocks for proteins, which are crucial for the growth, repair, and maintenance of tissues in the body. Proteins, being large and complex molecules, are essential for various life processes and consist of amino acids linked together by peptide bonds.
The main types of amino acids and proteins for animal nutrition include lysine, methionine, threonine, tryptophan, and others. Lysine, for instance, is an essential amino acid that plays a vital role, particularly in the nutrition of livestock and poultry. These amino acids and proteins are available in various forms such as dry and liquid, catering to the nutritional needs of different animals, including ruminants, poultry, swine, pets, equine, aquaculture, and others.
The amino acids and proteins for animal nutrition market research report is one of a series of new reports from The Business Research Company that provides amino acids and proteins for animal nutrition market statistics, including amino acids and proteins for animal nutrition industry global market size, regional shares, competitors with a amino acids and proteins for animal nutrition market share, detailed amino acids and proteins for animal nutrition market segments, market trends and opportunities, and any further data you may need to thrive in the amino acids and proteins for animal nutrition industry. This amino acids and proteins for animal nutrition market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The amino acids and proteins for animal nutrition market size has grown strongly in recent years. It will grow from $7.12 billion in 2023 to $7.64 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth observed in the historical period can be attributed to several factors, including shifts in consumer preferences, ongoing research on feed efficiency, the expansion of the livestock industry, scientific advancements in nutrition, and the globalization of animal agriculture. These factors collectively contributed to the development and evolution of the market for amino acids and proteins in animal nutrition during that period.
The amino acids and proteins for animal nutrition market size is expected to see strong growth in the next few years. It will grow to $9.87 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The anticipated growth in the forecast period can be attributed to increased investment in research and development, the expansion of the aquaculture industry, the adoption of precision livestock farming practices, the promotion of sustainable agriculture, and a shift towards specialty feed ingredients. Key trends expected in the forecast period include the use of green and sustainable ingredients, an emphasis on traceability and transparency in the supply chain, the development of personalized animal nutrition solutions, the management of the gut microbiome, and advancements in microbial protein development.
The surge in demand for organic meat is a key driver behind the growth of amino acids and proteins in the animal nutrition market. Meat, which encompasses the flesh of animals consumed as food and contains various proteins such as myofibrillar and sarcoplasmic proteins, is in high demand globally. The increasing preference for organic meat, fueled by a growing world population, emphasizes the need to provide animals with nutritionally rich diets containing amino acids and proteins. This enhances muscle development and weight in animals, contributing to the delivery of high-quality organic meat. An illustration of this trend is evident in the report published by the Forschungsinstitut fur biologischen Landbau (FiBL) in February 2023. The report highlights a significant increase in organic meat imports in the EU, such as bovine meat, which rose from 275 metric tons in 2020 to 1062 metric tons in 2021, organic sheep and goat meat increasing from 18 metric tons in 2020 to 92 metric tons in 2021, and organic pig meat going from none in 2020 to 83 metric tons in 2021. Consequently, the rising demand for organic meat is a driving force for the growth of amino acids and proteins in the animal nutrition market.
Anticipated growth in animal feed production is poised to drive the expansion of amino acids and proteins in the animal nutrition market. Animal feed production involves creating nutritionally balanced diets for animals, including livestock, poultry, and fish, to support their growth, health, and productivity. Amino acids and proteins are integral components of animal feed, providing essential building blocks for muscle and tissue growth, as well as supporting vital functions in animals. An example of this growth is highlighted in the 11th annual Alltech feed survey conducted by Alltech in January 2022. The survey indicates a global increase in feed production to 1.235 billion tons, up from 1.187 billion tons in 2020, representing a 2.3% growth in 2021 compared to 2020. This increase underscores the importance of amino acids and proteins in animal nutrition as part of the larger animal feed production process. Therefore, the upsurge in animal feed production is a significant factor propelling the growth of amino acids and proteins in the animal nutrition market.
A key trend gaining prominence in the amino acids and proteins for animal nutrition market is product innovation. Major companies operating in this sector are actively focusing on the development of new technological and innovative solutions to enhance their market positions. A notable example is METEX NØØVISTAGO, a France-based producer of amino acid-based solutions for farm animals, which launched the INNEUS range of animal nutrition solutions in May 2022. Specifically designed for piglets and poultry and based on amino acids, the INNEUS range aims to influence intestinal health, addressing physiological and sanitary challenges such as weaning for piglets or coccidiosis for chickens. The product targets key aspects of gut health, including gut barrier function, immunological fitness, oxidative state homeostasis, and microbial balance.
Major players in the amino acids and proteins for animal nutrition market are also focused on introducing advanced solutions, such as new sources of lysine for livestock feeds, to gain a competitive edge. Lysine, an essential amino acid for livestock, plays a crucial role in protein synthesis, optimizing animal growth, increasing milk production, and strengthening animals' immunity. For instance, in May 2023, Evonik Industries AG, a Germany-based specialty chemicals company, launched an updated Biolys with a higher concentration of the amino acid L-lysine. The new formulation contains 62.4% L-lysine, compared to the present version with 60% L-lysine. The fermentation process of the product yields additional nutrients and energy beneficial to livestock such as pigs and poultry. This aligns with Evonik's commitment to using minimal natural resources to meet the increasing demand for premium animal protein in human nutrition.
In a strategic move in January 2023, Novus International Inc., a US-based animal health and nutrition company, acquired Agrivida Inc. for an undisclosed amount. This acquisition provides Novus International Inc. with ownership of the INTERIUS technology, focused on developing embedded feed additives inside the grain. This strategic acquisition enhances Novus International Inc.'s capabilities in providing innovative solutions to optimize efficiency and address food production challenges in a sustainable manner. Agrivida Inc., a US-based biotechnology company, specializes in creating and commercializing a new generation of nutrition and enzyme solutions for livestock feeding.
Major companies operating in the amino acids and proteins for animal nutrition market report are Adisseo France SAS, Ajinomoto Co Inc., Archer Daniels Midland Company, Cargill Incorporated, CJ CheilJedang Corp, Evonik Industries AG, Kemin Industries Inc., Koudijs Kapo Feed BV, Meihua Holdings Group Co Ltd., Novus International Inc., Shijiazhuang Donghua Jinlong Chemical Co Ltd., Sumitomo Chemical Co Ltd., DSM Nutritional Products AG, Europe Bio-chem Technology Group Company Limited, Global Bio-Chem Technology Group Company Limited, Phibro Animal Health Corporation, Sunrise Nutrachem Group Co. Ltd., BASF SE, Chr. Hansen Holding A/S, Dow Inc., Lonza Group AG, Novozymes A/S, Amino GmbH, AminoLogics Inc., Amino Up Chemical Co. Ltd., Aminosan Co. Ltd., AminoMax Inc., AminoScience LLC, Amino Vital Inc., Alltech Inc.
Asia-Pacific was the largest region in the amino acids and proteins for animal nutrition market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global amino acids and proteins for animal nutrition market report during the forecast period. The regions covered in the amino acids and proteins for animal nutrition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the amino acids and proteins for animal nutrition market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The amino acids and proteins for animal nutrition market consist of sales of proteins and amino acids such as glutamic acid, valine, phenylalanine, and others. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.