Nutrition is the basis of livestock production and proper nutrition is necessary for achievement of high and sustained livestock productivity. During the last four decades a number of animal-nutrition-based technologies and practices have been developed and applied both on-station and on-farm in developing countries, with varying degrees of success. Some of the technologies used for processing and feeding have been beneficial and widely used; while others have shown potential at research level but were not commercialized. Global animal nutrition market is estimated to grow at a CAGR of 5.4% and to reach healthy revenues during the observation period 2015-2020.
Segment Wise Outlook Insights:
Animal nutrition products for swine are estimated to grow at highest CAGR during the forecast period 2015-2020.
APAC animal nutrition market is forecasted to grow at a CAGR of 6.8% during the forecast period 2015-2020. APAC region accounted for around 29% of the global animal nutritional market share in 2014. The trend is expected to continue if not improve or fall.
Market Driving Factors:
The market growth for animal nutrition products in Asia-pacific is robust due to the high demand from meat producing countries and exporters such as Australia, New Zealand, China and India. The industrialization of meat production, adoption of scientific feed usage which is propelled by increasing growers’ awareness has resulted in strong demand for animal nutrition products. China and India are estimated to witness highest growth through 2020 owing to various factors.
The outbreak of various diseases such as swine flu and foot and mouth diseases in last few years has resulted in stringent regulation of feed quality and meat production process as well. Growing awareness about the benefits of animal nutrition products and tightening regulations are estimated to impact the animal nutrition markets positively.
China has been the world’s largest...