According to the report titled ‘Global Animal Nutrition Market (2021 Edition) - Analysis By Ingredient (Minerals, Vitamins, Enzymes, Amino Acids), Species, By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2021-2026)’, available with MarketStudyReport, global animal nutrition market garnered a revenue of USD 26.54 billion in the year 2020 and is slated to observe significant expansion between the years 2021 and 2026.

Growing tendency among farmers to limit the use of antibiotics, increasing popularity of nutritionally balanced animal food, and a rise in the number of livestock and domesticated animals across the globe are factors propelling global animal nutrition industry development.

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Besides, better & upgraded animal rearing practices, enhanced producer knowledge & understanding of meat production as well as animal health, and surging emphasis among animal farmers on preventing diseases in livestock to obtain greater animal-based output are all facilitating the progress of the business sphere.

Concerning ingredient type, the industry is divided into minerals, amino acids, vitamins, and others. Of these, the amino acids vertical is anticipated to witness remarkable growth during the stipulated timeline, owing to vitality of amino acids in the entire process from growth to production to reproduction of farm animals. Amino acids play a key role in the biochemical & metabolism processing of the cells which helps in increasing the productivity of animals, thus contributing substantially to the profitability of the farms.  

In terms of species type, worldwide animal nutrition market is split into poultry, aqua, ruminants, swine, and pets.

Speaking of regional terrain, Asia Pacific market is poised to amass notable returns during the assessment period, ascribed to the growing population base, particularly in countries like China and India, which is prompting rapid urbanization.

The key players amplifying the competitive scope of global animal nutrition market include names like Koninklijke DSM N.V., Cargill Inc., Archer-Daniels-Midland Company, Alltech, Adisseo France S.A.S., CEVA Logistics, Evonik Industries AG, Elanco Animal Health Incorporated, Balchem Corporation, and Bunge Limited among others.