Animal nutrition is concerned with the nutritional requirements of animals used in food processing and agriculture and aquariums, zoos, and wildlife management. Animal nutrition is important for farm animals’ growth and health. Various associations and initiatives, such as the National Animal Nutrition Program (NANP), help recognize high-priority animal nutrition issues.
These organizations have a systematic and coordinated approach to assembling, collecting, sharing, synthesizing, and disseminating science-based knowledge and educational resources on animal nutrition to boost high-priority research within agricultural species.
The manual provides comprehensive and up-to-date information and realistic guidance to assist producers and stakeholders in understanding the manufacturing and distribution chain and adhering to the regulatory structure. Provico Rural is also among the reputable animal feed manufacturer. Here various things farmers should know about the animal feed business:
· Market Dynamics
Increasing demand for healthy and nutritious animal feed, limitations on antibiotics and increased producer understanding of animal health are all moving the animal feed market forward. To provide healthier nutrition to animals, global demand for animal-derived foods such as eggs, fish, milk, and meat is also growing. According to the Food and Agriculture Organization, the global market for animal-derived protein is expected to double in 2050. Increased intake of animal products and livestock contributes significantly to millions of people’s economic and nutritional well-being across the world.
· Insights of the Regional Market
Coherent Business Insights’ regional segmentation of the animal nutrition market includes Northern Europe, North America, Asia, Pacific Region, the Arab World, and Africa. Because of its well-established animal nutrition infrastructure and large consumption of animal products, the North American animal health market will remain dominant over the forecast period.
Due to high growth opportunities in animal feed production, such as Eubiotics, and increased concerns about the disease outbreak in livestock, the Asia Pacific animal nutrition market is expected to expand significantly. Competitive Analysis of the Market Archer-Daniels-Midland Company, Adisseo France SAS, BASF SE, Dow-Chemical-Company, DuPont, Evonik Industries AG, Novozymes A/S, Kemin Industries, Inc., and Nutreco N.V. are some of the major players in the animal nutrition industry. Cargill Inc., for example, agreed to buy Diamond V, a provider of creative natural solutions that improve animal health, efficiency, and food safety, in 2017. Here is various segmentation of market taxonomy based on species:
- Amino Acids
- Enzymes
- Minerals
- Lipids
- Vitamins
- Livestock
- Ruminant
- Aquaculture
- Swine
- Pet Food
Conclusion
Coherent Insights of a market is a company that provides market intelligence. Coherent Market Insights is a well-known market research and analysis company that provides actionable syndicated research reports, custom market analysis, advisory services, and competitive analysis. They operate via various recommendations on evolving market developments, innovations, and future exact dollar opportunities. Visit the Povico Rural website for more about the animal feed business.