Major Players - Animal Nutrition Industry

Jul, 2023 - by CMI

Major Players - Animal Nutrition Industry

 

Animal Nutrition focuses on the dietary requirements of animals, mostly those used in agriculture and food production, but also those kept in aquariums, zoos, and for the management of wildlife. Animal nutrition is crucial for the health and productivity of farm animals.

Antibiotic restrictions, improved producer awareness of animal health, and rising need for safe and healthy animal food all play a significant role in the market expansion for animal nutrition. The need for items originating from animals, like eggs, fish, milk, and meat, is rising due to the need to provide animals with improved nutrition. Millions of people around the world benefit considerably from the increased usage of cattle and animal products in terms of their diets and finances. The cattle industry is under more and more pressure to meet the need for high-value animal protein, which is on the rise. Development is a key factor supporting need for animal products since it facilitates the trading of fresh goods thanks to advancements in infrastructure like cold chains. Since animal feeds are the most important factor in guaranteeing abundant, secure, and affordable animal proteins, they are essential to the world food industry. Animals at young age need nutrition to suit their needs at different phases of development. They require proper nutrition for the growth and development of their bones, muscles, and organs. Dietary requirements change as animals’ age. Because of its high protein efficiency and capacity to substitute feed protein sources, the amino acid category is expected to have a substantial revenue share in the global animal nutrition market. The poultry market is expected to develop due to rising chicken product consumption and a growing preference for white meat over red meat. Rising consumer knowledge of the benefits of using low-cost, nutrient-dense compound feed will drive up demand for chicken nutrition products in emerging markets. However, the expensive cost of linked gadgets is limiting industry growth.

Leading Companies in the Animal Nutrition Industry:

1. Archer-Daniels-Midland Company

Archer-Daniels-Midland Company is an American multinational food processing and commodities trading corporation. It was founded in 1902 and headquartered in  Illinois, U.S. It operates in 200 countries. A new Animal Nutrition Technology Center in Decatur, Illinois was inaugurated in Dec 2019 by ADM Animal Nutrition, a branch of Archer Daniels Midland Company. The sector-leading facility expands on ADM's history of animal nutrition innovation by providing capabilities to improve customer engagement and provide completely customized nutrition solutions.

2. Adisseo France SAS

Adisseo France SAS was founded in 1939 and headquartered in 10 Place De General De Gaulle Antony 92160. It operates in over 110 countries globally. Adisseo announces the signing of a contract to purchase Nor-Feed in December 2022, positioning itself to offer a new range of sustainable and all-natural specialist animal nutrition ingredients. Nor-Feed is a French firm that designs, manufactures, and sells plant-based specialized ingredients and plant extracts for animal nutrition. The Adisseo company has agreed to acquire Nor-Feed and its subsidiaries.This acquisition is part of the Adisseo Group's strategy to lead the market for specialty feed additives.

3. Alltech

Alltech is an American company with operations in animal feed, meat, brewing, and distilling. It was founded in 1980 and headquartered in Nicholasville, Kentucky. It has global presence in 128 countries. In May 2023, Alltech said that it had purchased a controlling interest in Agolin, a Swiss company that specializes in animal nutrition. Agolin has created and provided plant-based nutrition solutions that enhance livestock productivity, profitability, and sustainability.

4. BASF SE

BASF SE is a European multinational company and the largest chemical producer in the world. It was founded in 1865 and headquartered in Ludwigshafen, Germany. It operates in more than 80 countries. In January 2023, BASF and Cargill will expand their relationship to supply high-performance enzyme solutions to animal protein producers in the United States.

5. Cargill Inc.

Cargill Inc. is a privately held American global food corporation. It was founded in 1865 and headquartered in Minnesota, U.S. It operates in 66 countries. The Animal Nutrition Summit in April 2023 focuses on young animal nutrition and digital technology as crucial to farmer prosperity. Cargill Philippines, in collaboration with the National Federation of Hog Farmers, Inc (NatFed) and the Pork Producers Federation of the Philippines (ProPork), hosted the Animal Nutrition Summit at Solaire Resort and Casino, bringing together farmers, producers, customers, and consumers to support the future of the swine industry.

6. Dow Chemical Company

Dow Chemical Company was founded in 1897 and headquartered in  Michigan, U.S. It operates in 160 countries. In July 2022, Dow, the top materials science company in the world, and Mura Technology, the pioneer of a world-scale 120 kilotons (KT) advanced recycling facility in the United States and Europe, will announce the next stage of their collaboration to help address the issue of plastic waste around the world. The facilities will have a combined annual capacity of 600 KT.

7. DuPont

DuPont was founded in 1802 and headquartered in Delaware, United States. It operates in 90 countries.

8. Evonik Industries AG

Evonik Industries AG is a stock-listed German specialty chemicals company. It was founded in 2007 and headquartered in Essen, Germany. It operates in more than 100 countries around the world.

9. Tata Chemicals

Tata Chemicals is an Indian global company with interests in chemicals, crop protection and specialty chemistry products. It was founded in 1939 and headquartered in Mumbai, India. It operates in India, Europe, North America and Africa.

Definition: Animal nutrition focuses on the nutritional nutrient requirements of animals, particularly those used in agriculture and food production, but also those kept in zoos, aquariums, and for the management of wildlife.

 

© 2024 Coherent Market Insights Pvt Ltd. All Rights Reserved.