Acids & nutrients in Animal Nutrition market worth $14.1 Bn by 2019, According to A New Study on ASDReport
The feed acids and nutrients is an emerging sector owing to the growing animal feed market and awareness of feed manufacturers. In current scenario, the animal feed manufacturers are gaining awareness towards providing nutritional feed to the animals. The materializing opportunities in the milk and meat sector is encouraging the animal feed manufacturers to come up with nutritional feed for animals that can provide them health benefits and prevent various diseases. In the recent past, the emergence of swine flu had a bad impact on the market for swine feed, hence the loss experienced by the feed manufacturers made them cautious towards providing the required nutrition to the animals.
Amino acids: most used type of nutrient
The new report states that amino acid is a reasonably-priced and an essential nutrient used in animal feed as it provides animals with energy and increases their efficiency. The consumption of amino acids has been increasing globally; however, the region of Asia-Pacific and South America consumes a major ratio of amino acids. The production cost of amino acids is low, especially in these regions and the availability is high. Some feed manufacturers also use it as a replacement of proteins but the growing awareness and market for animal feed is also pushing use of protein. The manufacturers are looking forward to invest in the animal feed industry, which is generating opportunity for other nutrients such as organic acids, minerals, fibers, proteins, and others.
Aqua feed: Major growing application market
Aqua feed is a small and untapped market. Therefore, with the growing awareness of manufacturers regarding the opportunities present in the animal feed market, the small markets such as aqua and equine are being tapped. The aqua feed production is calculated to be very high in the past, and is expected to grow in the coming years with a growing market for fish. This factor is triggering the growth of nutrients in the aqua feed market. Proteins are served in large quantities to fishes in order to generate revenue from them in various forms. This is because a majority of population consumes fish as it is considered to be a major source of protein.
The growing population and increase in the consumption of milk, meat, and meat products is a major driver behind the growth of the feed acids & nutrients in the market of Asia-Pacific.
Notes for Editors:
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