According to the research report titled ‘Global Animal Nutrition Market 2019-2028’, available with MarketStudyReport, global animal nutrition market is slated to record a CAGR of 5.18% over the forecast period 2019-2028.
 

As per the report findings, surging product demand and increasing industrialization of livestock are the primary factors driving global animal nutrition market growth. Furthermore, rising disposable income, increasing consumption of meat & other such food items, and demand for high quality nutritional products for pets are creating lucrative opportunities for businesses operating in this domain.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3552840/
 

Despite the positive outlook,  factors such as high costs, easy availability of counterfeit goods at low prices, and rising environmental concerns are likely to hamper market expansion in the forthcoming years.
 

Based on product type, global animal nutrition market is classified into amino acids, fish oils & nutrition lipids, vitamins, enzymes, minerals, carotenoids, eubiotics, and others. By species, the market classification comprises poultry, ruminants, swine, pets, and others.
 

Moving on to application scope, the business vertical is split into animal feed manufacturers, households, farms, veterinarians, and others.
 

From a regional point of view, the research literature studies industry trends across North America (U.S., Canada), Europe (U.K., Germany, France, Spain, Italy, Russia), Asia Pacific (China, India, New Zealand, Australia, South Korea, Japan), Middle East & Africa, (Turkey, UAE, South Africa, Saudi Arabia), and Latin America (Mexico, Brazil).
 

Among these, Asia-Pacific presently captures a major market share and is expected to grow at a remarkable rate over 2019-2028. This can be credited to increasing production of swine feed in countries like Indonesia  & Vietnam.
 

The competitive landscape of global animal nutrition market is defined by players such as Evonik Industries AG, Alltech Inc., Elanco Animal Health, Koninklijke DSM N.V., Church & Dwight Co. Inc., SHV Holdings N.V., Cargill Inc., Tata Chemicals Ltd., BASF SE, Balchem Corp., Novozymes A/S, Kemin Industries Inc., and Nutrien Ltd.