The animal nutrition market meets the growing demand for high-quality, nutritionally balanced pet foods. Catering to discerning pet owners, the market offers a diverse range of pet nutrition products such as specialized diets, supplements and treats, specifically designed to meet the unique dietary needs of different pets. This app highlights the growing preference for premium and functional pet foods, contributing significantly to the overall health, well-being and longevity of pets worldwide.
Data Bridge Market Research analyzes the global animal nutrition market, which was valued at USD 26.09 billion in 2023 and is projected to reach USD 43.18 billion by 2031, at a CAGR of 6.5% during the forecast period 2024 to 2031. In addition to market insights scenarios such as market value, growth rate, segmentation, geographical coverage, and key players, Data Bridge Market Research’s curated market reports also include in-depth expert analysis, production and capacity of the company represented geographically, distributor and partner network layouts, detailed and up-to-date analysis of price trends, and supply chain and demand gap analysis.
- Increased demand for high-quality animal protein
As consumer preferences shift towards healthier, higher-protein diets, there is a growing need for superior animal nutrition to increase livestock productivity. This demand is particularly prominent in developing economies, where a growing population and rising disposable incomes contribute to greater consumption of meat and dairy products. Consequently, the animal nutrition market is expanding to meet optimal animal health and performance requirements, promoting innovation and development in the sector.
- Technological advances in feed additives improve feed conversion rates
Innovative additives such as advanced enzymes, probiotics and precision nutritional solutions contribute to improving nutrient absorption and digestion in animals. This leads to greater overall feed efficiency, promoting faster and more effective conversion of feed into animal products. As a result, increased efficiency and productivity in livestock farming, driven by these technological advancements, contributes to the growth and expansion of the global animal nutrition market.
Opportunities
- Functional feed ingredients for animal health
The growing demand for functional feed ingredients promotes animal health and well-being. Innovations in incorporating probiotics, prebiotics, enzymes and other bioactive compounds into animal diets can improve digestive health, boost immunity and enhance performance. Capitalizing on this trend offers opportunities for companies to develop and commercialize specialized nutritional solutions for livestock and companion animals.
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