Reports and Data’s latest research study on the Animal Feed Amino Acid market gives a thorough analysis of it. In this report, the global Animal Feed Amino Acid market is analyzed historically and currently to assess its potential future development. In order to identify opportunistic business opportunities for stakeholders, the study provides detailed information on the key growth factors, restraints, and key trends that are paving the way for future growth in the Animal Feed Amino Acid market.
The market value for Animal Feed Amino Acid Market was USD 7.20 Billion in 2022 and is expected to reach USD 11.76 Billion in 2032 growing at a CAGR of 5.6% during the forecast period. The demand for animal protein, which is driving the demand for animal Feed Additives such as amino acids, is the main factor driving the growth of this market. The industry is expanding as animal producers become more aware of the advantages of amino acids in enhancing the health and growth of animals.
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Market Overview:
Different businesses in the chemicals and materials industries differ in size, geography, business style, and end-market focus. These businesses are part of a larger ecosystem that includes oil, gas, coal, minerals, and bio-based products as raw materials on one hand and a wide range of application industries on the other. It is traditional to divide the chemical industry into three major categories: petrochemicals, diversified manufacturers, and specialized industries.
While the wider patterns discussed in the previous section apply to the entire sector, the complexities of the distinctions among the various players indicate the need to analyze trends by segment of the industry. As part of its multiverse series, Deloitte classified chemical sector stakeholders into three groups: natural owners, distinctive commodities, and solution providers. Each of these groups usually has its own strategic imperatives. It is common for vertically integrated natural owners to prioritize continuous improvement over innovation when operating their businesses. By focusing on supply chain efficiency, market innovation, and cost optimization, differentiated commodities flourish in a highly fragmented and complex industry. This is exactly what solution providers do: they focus on maximizing the value of their unique products as well as their application expertise and services.
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Moreover, the report provides insight into how the Animal Feed Amino Acid market will develop between 2023 and 2028. Companies operating in the Animal Feed Amino Acid market can benefit from the in-depth dynamics presented in the report, thereby making strategic development decisions that will help them succeed. During the forecast period, the Animal Feed Amino Acid market is expected to undergo significant changes that will highly configure its growth.
Furthermore, the report highlights the growth prospects of the Animal Feed Amino Acid market and estimates market progress in terms of value (USD million) and volume (thousand units).
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Strategic Development in the Animal Feed Amino Acid Market:
- In 2021, Evonik Industries AG announced the acquisition of Innovative Food Processors (IFP), Inc., a U.S. company that specializes in spray-drying technologies. The acquisition is aimed at expanding Evonik’s product offerings in the animal nutrition market.
- In 2021, Archer Daniels Midland Company (ADM) announced the acquisition of Sojaprotein, a Serbian-based soy protein producer. The acquisition is aimed at expanding ADM’s plant-based protein offerings in the animal feed market.
- In 2020, Ajinomoto Co., Inc. announced the acquisition of a majority stake in More Than Food (MTF), a U.S.-based company that specializes in feed additives. The acquisition is aimed at expanding Ajinomoto’s presence in the animal nutrition market.
- In 2020, Royal DSM N.V. announced the acquisition of Erber Group, an Austrian-based animal nutrition and health company. The acquisition is aimed at expanding DSM’s product offerings in the animal nutrition market.
- In 2020, Sumitomo Chemical Co., Ltd. announced the acquisition of Kyodo Shiryo Co., Ltd., a Japanese-based company that specializes in the production of amino acids. The acquisition is aimed at expanding Sumitomo’s product offerings in the animal feed market.
Research Methodology: Animal Feed Amino Acid Market
The research methodology adopted by analysts to compile the Animal Feed Amino Acid market report is based on detailed primary as well as secondary research. With the help of in-depth insights of industry-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the Animal Feed Amino Acid market.
During the primary research phase, analysts interviewed industry stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. On the basis of data obtained through interviews with genuine resources, analysts have emphasized the changing scenario of the Animal Feed Amino Acid market.
For secondary research, analysts scrutinized numerous annual report publications, white papers, import and export data of major countries around the world, industrial production index, industry association publications, and company websites to obtain the necessary understanding of the Animal Feed Amino Acid market.
About Reports and Data
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