The Animal Nutrition Market is an essential market as it provides nutrients to animals for proper growth, maintenance and health. Animal nutrition products include fodder, feed additives, amino acids and more. These products provide balanced nutrition to animals and improve their productivity as well as overall health. Rapidly growing demand for animal protein has boosted the Animal Nutrition Market globally.

Animal nutrition products cater to the nutrient requirements of various livestock and companion animals. Feed additives constitute the largest segment as they help enhance digestion, absorption of nutrients and increase immunity. Key products in this market include vitamins, probiotics, enzymes, antioxidants and acidifiers. Rising consumption of meat and dairy has increased demand for high-quality animal feed across major economies.

The Animal Nutrition market is estimated to be valued at US$ 48100 Mn or Mn in 2023 and is expected to exhibit a CAGR of 5.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
One of the major trends spurring growth in the Animal Nutrition Market is the rising demand for natural and organic feed. Consumers are increasingly favoring animal products from livestock fed with organic and herbal feed additives. This is encouraging feed manufacturers to develop natural and sustainable animal nutrition solutions. Furthermore, advancements in formulations with probiotics and prebiotics have gained traction. These formulations offer gut health benefits and improve nutrient utilization in animals. Their growing usage will support the long-term prospects of this market.

Porter’s Analysis

Threat of new entrants: Low barriers to entry due to low capital requirements but established players enjoy economies of scale and brand recognition.

Bargaining power of buyers: Medium bargaining power as buyers have many choices available but look for customized and scientific solutions.

Bargaining power of suppliers: High bargaining power as raw material suppliers like corn, soybean producers are consolidated however feed additives suppliers have lower power.

Threat of new substitutes: Low threat as dietary supplements have limited substitutes and animal nutrition industry focuses on scientific solutions.

Competitive rivalry: Intense competition among key players to develop new products and services.

SWOT Analysis

Strengths: Rising meat consumption worldwide, technological advancements in feed formulations.

Weaknesses: Regulatory hurdles regarding antibiotics usage, price volatility of raw materials.

Opportunities: Shift towards natural growth promoters, untapped markets in emerging economies.

Threats: Spread of animal diseases, stringent environmental regulations.


Key Takeaways

The global animal nutrition market is expected to witness high growth, exhibiting CAGR of 5.0% over the forecast period, due to increasing meat consumption worldwide. The Asia Pacific region is projected to dominate the market owing to rising meat demand from China and India.

Regional analysis: The Asia Pacific region is projected to be the fastest growing as well as dominating regional market over the forecast period due to rising meat demand from China and India. China dominates the APAC animal nutrition market due to large livestock population in the country.

Key players: Key players operating in the animal nutrition market are Archer-Daniels-Midland Company, Adisseo France SAS, Alltech, BASF SE, Cargill Inc., Dow Chemical Company, DuPont, Evonik Industries AG, Tata Chemicals, Novozymes A/S, Royal DSM N.V., Kemin Industries, Inc., and Nutreco N.V. Companies are focused on developing customized premixes, innovative delivery systems and specialized products.