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 was valued at USD 26.54 billion in the year 2020 and is expected to rise exponentially between the year 2021 and 2026.
 

Increasing demand for healthy & nutritious animal food, preference for avoiding antibiotics, and a spike in the proportion of meat consumers as well as domesticated animals around the world are driving the growth of global animal nutrition market.
 

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Moreover, better awareness about meat production and animal health among producers, elevated practice of animal rearing, and focus among animal farmers to avert diseases & deficiencies in livestock to avail higher animal-based yield are all accelerating industry development.
 

Based on ingredient ambit, the amino acids segment of worldwide animal nutrition industry is currently gaining traction and is anticipated to expand remarkably during the forecast period, due to its pertinent role in the biochemical and metabolic mechanisms of animals, combined with its large involvement in growth to production and reproduction of farm animals.
 

In terms of species spectrum, the market is categorized into pet, ruminants, poultry, aqua, and swine.
 

From a regional standpoint, Asia Pacific market size is poised to broaden significantly during the projected timeframe, due to rising population in countries such as China and Japan, which will result in rapid urbanization, creating lucrative opportunities for businesses in this domain.
 

The competitive landscape of global animal nutrition industry is defined by companies such as Cargill, Inc., Archer-Daniels-Midland Company, Alltech, Adisseo France S.A.S., CEVA Logistics, Evonik Industries AG, Elanco Animal Health Incorporated, Balchem Corporation, Bunge Limited, and Koninklijke DSM N.V. among others.