The European acids and nutrients in animal nutrition market size is expected to reach USD 3.83 billion in 2024 and USD 4.57 billion by 2029, growing at a CAGR of 3.60% from 2024 to 2029. Europe also has a huge market for acids and nutrients in animal nutrition, like other countries.
The market is demonstrating its potential in the forecasting period mentioned. Acids and nutrients in animal nutrition are growing sectors owing to the emerging animal feed marketers and increasing awareness of the need to give nutritional food to animals. Meat and milk sectors are encouraging the manufacturers of feed to include nutritional feed for animals, which provides animals with good health and prevents different diseases. Recently, the discovery of swine flu had the worst impact on the swine feed market. Therefore, the losses caused by the manufacturers of feed made them cautious about providing good nutrition to animals.
The increase in the awareness of the quality of animal feed for domestic animals and the requirements of nutrition value for the animals are the drivers for acids and nutrients in the animal nutrition market. Growth in the meat and milk sectors is showing the impact on the manufacturers of fees to give more quality feeds that are rich in nutrients and acids. Hence, it is adding to the growth of the market. High-nutrition feeds promise good health to the animals and protect them from endemic diseases. Using amino acids has its own benefits. Huge volume requirements for cattle feed are the major driving factor for the market. High development can be seen in aquaculture for the health maintenance and nutrition of the animals in water because of the large human consumption of aquatic animals like fish and others that are highly helping in the growth of the market.
Amino acids are the major segment that contributes to the growth of the market.
Some of the major companies dominating the market, by their products and services Adisseo France S.A.S, Archer Daniels Midland Company, BASF SE, Cargill Incorporated, Charoen Pokphand Foods Pcl., Royal DSM N.V., Evonik Industries Ag, and Nutreco N.V., Alltech, Novus International Inc.
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