According to the business intelligence report titled ‘GLOBAL Animal Nutrition Market 2019-2028’, available with Market Study Report, global animal nutrition market is speculated to record 5.18% CAGR between 2019-2028.
 

Surging demand for animal nutrition products, in tandem with industrialization of livestock are catalyzing global animal nutrition market growth. Moreover, rising demand of meat and other animal products as a result of growing disposable income will facilitate industry expansion.
 

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Increased pet ownership, alongside individual preference for best-quality food for their pets are slated to generate revenues for the industry.
 

On the other hand, distribution of fake products at low prices, coupled with high cost of quality products hinder global animal nutrition market growth. Moreover, increasing number of environmental challenges will also act as barricade for business scenario.
 

Based on product gamut, worldwide animal nutrition market is bifurcated into amino acids, minerals, vitamins, enzymes, eubiotics, carotenoids, and fish oils & nutrition lipids among others. Speaking of species, the industry is divided into swine, pets, poultry, ruminants, and others. Moving on to application scope, the marketplace is segregated into farms, animal feed manufacturers, households, veterinarians, and others. 
 

The report elaborates on market share held by each segment in the past and highlights factors facilitating revenue inflow in the ensuing years. It also provides detailed information about latest developments which enables investors to make an informed decision by gauging future opportunities.
 

Regionally speaking, Asia Pacific held majority of global animal nutrition market share in the recent past and is speculated to record the highest annual growth rate over 2019-2028. Rising production of swine feed in Indonesia and Vietnam, alongside high demand for animal nutrition to be added to feed will augment the market size in APAC.
 

Key players profiled in global animal nutrition market report are BASF SE, SHV Holdings, Kemin Industries Inc., Novozymes A/S, Nutrien AG, Balchem Corporation, Tata Chemicals Limited, Cargill Incorporated, Alltech Inc., DSM Animal Nutrition & Health, Church & Dwight Co. Inc., Elanco Animal Health Inc., and Evonik Industries AG.