How Will The Amino Acids And Proteins For Animal Nutrition Market Globally Expand In 2023?
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s amino acids and proteins for animal nutrition market report forecasts the amino acids and proteins for animal nutrition market size to grow to $9.21 Billion by 2027, with a CAGR (compound annual growth rate) of more than 6%.
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Amino Acids And Proteins For Animal Nutrition Market Size Forecast
The global amino acids and proteins for animal nutrition market is expected to grow from $6.64 billion in 2022 to $7.12 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global amino acids and proteins for animal nutrition market size is expected to reach $9.21 billion in 2027 at a CAGR of 6.6%.
Asia-Pacific held the largest amino acids and proteins for animal nutrition market share and was the fastest-growing region in 2022.
Key Amino Acids And Proteins For Animal Nutrition Market Driver – Increase In The Demand For Organic Meat
According to a report published in February 2023 by the Forschungsinstitut für biologischen Landbau (FiBL), an independent and non-profit research institute of organic agriculture that provides organic farming information and research, organic bovine meat imports in the EU increased from 275 metric tonnes in 2020 to 1062 metric tonnes in 2021, organic sheep and goat meat imports in the EU increased from 18 metric tonnes in 2020 to 92 metric tonnes in 2021, and organic poultry meat imports in the EU increased from 18 As a result, rising demand for organic meat is propelling the expansion of amino acids and proteins in the animal nutrition industry.
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Key Amino Acids And Proteins For Animal Nutrition Market Trend – Product Innovation
To strengthen their market position, major companies in the amino acids and proteins for animal nutrition sector are focusing on developing new technological and innovative solutions. For example, in May 2022, METEX NVISTAGO, a France-based manufacturer of amino acid-based solutions for farm animals, announced the INNEUS® portfolio of amino acid-based animal nutrition solutions for piglets and poultry. It is specially formulated with amino acids to affect intestinal health, which aids in the management of physiological and sanitary difficulties such as weaning in piglets and coccidiosis in chickens. It aims to improve the four primary pillars of gut health: gut barrier function, immunological fitness, oxidative state homeostasis, and microbial balance.
Amino Acids And Proteins For Animal Nutrition Market Segment
1) By Type: Lysine, Methionine, Threonine, Tryptophan, Other Types
2) By Form: Dry, Liquid
3) By Application: Ruminants, Poultry, Swine, Pets, Equine, Aquaculture, Other Applications
Amino Acids And Proteins For Animal Nutrition Market Major Players and Strategies
Major players in the amino acids and proteins for animal nutrition market are Adisseo France SAS, Ajinomoto Co Inc., Archer Daniels Midland Company, Cargill Incorporated, CJ CheilJedang Corp, Evonik Industries AG, Kemin Industries Inc., Koudijs Kapo Feed BV, Meihua Holdings Group Co Ltd., Novus International Inc., Shijiazhuang Donghua Jinlong Chemical Co Ltd., Sumitomo Chemical Co Ltd., DSM Nutritional Products AG, Europe Bio-chem Technology Group Company Limited, Global Bio-Chem Technology Group Company Limited, Phibro Animal Health Corporation, and Sunrise Nutrachem Group Co. Ltd.
Novus International Inc., a US-based animal health and nutrition firm that delivers animal nutrition solutions to optimise productivity and sustainably manage food production concerns, paid an undisclosed sum to purchase Agrivida Inc. in January 2023. The goal of this transaction is to give Novus International Inc. ownership of the INTERIUSTM technology for producing embedded feed additives inside grain. Agrivida Inc. is a biotechnology firm established in the United States that is developing and commercialising a new generation of nutrition and enzyme solutions for cattle feeding.
The Amino Acids And Proteins For Animal Nutrition Global Market Report 2023 covers regional data on amino acids and proteins for animal nutrition market size, amino acids and proteins for animal nutrition market trends and drivers, opportunities, strategies, and amino acids and proteins for animal nutrition market competitor analysis. The countries covered in the amino acids and proteins for animal nutrition market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Amino acids and proteins for animal nutrition are molecules made up of an acidic carboxyl group (-COOH), a basic amino group (-NH2), and an organic R group or side chain. These are the building blocks for proteins, which are required for the growth, repair, and maintenance of tissues in the body. Proteins are big, complex molecules that comprise amino acids bound together by peptide bonds and are required for life. Proteins have a role in all biological processes, from muscle contraction to immunological response to cell signalling.
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