Animal Nutrition Chemicals Market Segment Forecast 2019

Animal nutrition chemicals are products which focus on the dietary requirements of domesticated animals, which majorly involve food production and agriculture. Different macronutrients such as amino acids provide structural material and energy to the animals. Vitamins, carotenoids, enzymes, organic acids, and vacuum salts are some of the products manufactured in the animal nutrition chemicals industry. These products are used in certain animal feed industries such as poultry, aquaculture and domestic animal feeds.

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The market for animal nutrition chemicals has been changing drastically and is becoming strongly competitive owing to its major share in the pet care industry. Consumer demand for performance and nutrition solutions has been increasing on account of growing pet population and cattle, particularly in North America. Various manufacturers along the supply chain are investing significantly in these pivotal growth areas thereby driving the industry. In addition, growing concerns about animals, new trends and changing demographics have resulted in rise on consumer expenditure on pets.

Augmenting demand for safe and healthy pet foods, enhanced care and growing concerns of pet owners about their pets’ health are some of the major factors boosting the demand for animal nutrition chemicals. Moreover, industrialization of meat production coupled with significant growth in global meat consumption has also contributed to the growth of the market. However, increasing prices of the raw materials for the chemicals are expected to slow down the growth of the market. As bio-chemicals are becoming increasingly popular as pro-environmental solutions, focus towards developing bio-based animal nutrition chemicals are expected to provide new opportunities to the growth of the market. North America was the largest consumer for animal nutrition chemicals market, followed by Europe owing to the presence of a vast pet population in the industry.

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