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Potenza Feed Market Research Report – Segmentation By Ingredients (Corn, Soyabean, Meat, Others); Application (Dairy, Calf, Others); Region – Size, Share, Growth Analysis | Forecast (2023 – 2030)

Global Potenza Feed Market Size (2022 – 2030)

The global Potenza Feed Market size was USD 16.46 billion in 2022 and is estimated to grow to USD 27.61 billion by 2030. This market is witnessing a healthy CAGR of 6.68% from 2023 - 2030. Global meat to meat demand is majorly driving the growth of the industry.

Potenza Feed Market

Industry Overview:

Animal nutrients are dietary needs of animals such as macronutrients, vitamins, dietary minerals, enzymes, eubiotics, and amino acids, and are very integral inefficient meat and milk production, reproduction, and proper bone structures. As per the vitamins segmentation, amino acids preserve the apex spot and is progressing with a utility CAGR of 5.5% - 6.5% going through 2025. Amino acids are requisite for numerous organic operations such as protein synthesis, carriage, and the storage of other nutrients. Also, pleasant animal-based meal products such as meat, milk, and eggs are obtained via superior supplementation of amino acids. As per the International Dairy Federation, consumption of dairy products is predicted to extend by 25% between 2015 and 2024, therefore dairy operations to match their production with extraordinary demand is augmenting the utility of amino acids and as a result, disrupting the animal nutrition market growth.

After an acute evaluation of the regional aspects, APAC is reckoned to be the dominating region with almost 29% - 31% of animal vitamin market international demand settling beneath its territory. Such dominance can be attributed to quite a few factors such as increasing meat consumption in densely populated economies of India and China with almost 35% of the international population. Improving fitness awareness amongst individuals growing demand for livestock-based proteins such as milk, egg, and meat. As per the Food and Agriculture Organization of the United Nations, the international population will reach the 9 billion mark by 2050, constructing meals challenges. Owing to the depletion of arable land as an end result of industrialization, food security is a predominant objective, and cattle merchandise are among the prime capability to meet such objectives. Economic development has induced stress on the farm animals region for more efficient manufacturing with constrained resources; it additionally supports the profits and meals security of almost 1.3 billion people. Thus, the animal farming area is capitalizing upon meals security concerns, accounting for almost 40% of the global agricultural manufacturing value.

COVID-19 impact on Potenza Feed Market

The emergence of Covid-19 in the capital of Hubei province, Wuhan, has taken a toll on the supply-demand of components and additives, as China is the foremost uncooked material manufacturer in the region. In addition, transport restrictions to and fro from the united states avoided crucial ingredients, such as soybean meal, from being delivered to the cattle farms. Even even though China has lifted the ban from the transportation of fundamental products, producers in u . s . a . are nevertheless facing troubles to get their merchandise out of the country.

MARKET DRIVERS:

Global meat-to-meat demand is also driving the growth of the market

The global population over the closing century has quadrupled. Increasing disposable income amongst the populace has instigated dietary changes such as eating extra protein and meat. Limited livestock sector to meet the unlimited meat-based protein demand is using animal nutrition for efficient first-rate and quantity production. The acceptance of a non-vegetarian diet can be indicated via the reality that KFC, the world’s most famous fowl restaurant chain is now working in 135 countries with greater than 22,000 eating places globally. Rising client recognition regarding fantastic pet nutrition is estimated to allow proprietors to spend top-rate quantities on wholesome and nourishing animal nutrition. As per the National Pet Owners Survey conducted by means of the American Pet Products Association (APPA) 2017-2018, 68% of U.S households personal a pet. The North American Pet Health Insurance Association (NAPHIA) suggested North America’s pet fitness insurance plan with mixed gross written premiums hit $1.2 billion in 2017.[3] These data point to the magnitude drawn closer to household pets and indicate it as a fundamental phase poising the animal vitamin market closer to cumulative revenues and profits.

MARKET RESTRAINTS:

The increase in the vegan population is restraining the growth of the market

The increasing vegan population is hindering the income of meat and meat-based protein. The vegetarian population is mounting terrifically every year, but it stands out as a minute minority section. And its tendency to overcome the majority meat-eating populace seems impossible. However, the animal nutrition market is all set to take advantage of and capitalize upon the rising vegan population owing to the need for dairy-based merchandise such as cheese, milk, and butter for a vegetarian diet.

POTENZA FEED MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2023 - 2030

Base Year

2022

Forecast Period

2023 - 2030

CAGR

6.68%

Segments Covered

By Ingredients, Application and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regional Scope

North America, Europe, APAC, Latin America, Middle East & Africa

Key Companies Profiled

BASF, DSM, Cargill, ADM Animal Nutrition, Kemin Industries, Biomin Holding GMBh, Nutreco, Land’O Lakes, Famers

This research report on the global  Potenza Feed Market has been segmented and sub-segmented based on Ingredients, application, and region.

Potenza Feed Market - By Ingredients:

  • Corn
  • SOyabean
  • Meat
  • others

Corn was the leading ingredient section in 2019 and accounted for extra than 25.0% of the global income share. Major grain manufacturers, such as Cargill, Inc. and BASF SE, are built-in alongside the fee chain to provide feed components and serve as a comprehensive dealer to producers and reduce sourcing and logistics costs. Few companies, such as Charoen Pokphand (CP) and Alltech, are additionally built-in backward to produce uncooked materials (feed grains) and cease merchandise to reduce raw material costs. Increasing patron consciousness concerning the disease prompted in farm animals, together with foot & mouth diseases, has raised concerns concerning meat nice and safety, which has brought on the use of nice feed ingredients.

Overlapping demand for essential grains, such as barley, maize, and wheat, from other industrial applications, such as biofuel and meals industries, is predicted to restrain the market growth over the forecast years. However, in current times, there has been a giant upward jab in partnerships and M&A amongst market participants, bettering the company portfolio, gaining access to regional markets, and imparting suitable benefits, which is estimated to trigger the product demand. Some of the most prominently used amino acids in the animal feed additive enterprise are lysine, methionine, and cysteine. Lysine acts as a building block for protein in the animal body. As animals are now not successful of producing this amino acid in sufficient quantity, it is supplied via food plan or supplementation. Methionine is an imperative amino acid and an effective antioxidant, which is fundamental for animal liver and detoxification. It also aids in preventing nail and pores and skin troubles in animals. This amino acid is additionally recognized as a grass saver, as it is often added in dog food to decrease the acid stage in urine. Thus, the amino acid is projected to have a high demand from the cattle feed industry as a feed supplement, over the forecast period.

Feed components are manufactured and allotted with the aid of specific participants in the shape of premixes, thru mills, and distributors. These enterprise members sell additives at once to the consumers with the aid of their manufacturers or supply feed additives to built-in feed producers. With recurrent regulatory updates and rising R&D spending, the market is continuously developing. However, the restriction on antibiotic use in developed economies of the U.S. and Europe is estimated to open the market for choice products, together with amino acids, acidifiers, and enzymes.

Potenza Feed Market - By Application:

  • Daily
  • Calf
  • others

Based on application, The dairy section accounted for greater than 54% share of the international income in 2019. The United Nations Food & Agriculture Organization (FAO) projected a make bigger of 55% in dairy products and 70% in red meat merchandise by means of 2050. The segment’s increase can be attributed to the growing demand for dairy and milk merchandise in the emerging economies, as result ensuing in the augmented industrialization of cattle rearing. The value of cattle and calf manufacturing in the U.S. is rapidly growing since 2010 due to excessive demand and rising competition in the market. Manufacturers are inclined toward product innovation and are providing custom-made merchandise for dairy and red meat applications. In September 2018, Kemin Industries, in collaboration with Micronutrients, launched Intellibond Vital 5 Cr containing six essential trace minerals to assist dairy and beef cattle fitness and performance.  

Potenza Feed Market - By Region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East
  • Africa

Geographically, North America led the market and accounted for over 34% share of the world's income in 2019. Growing meat consumption, basically in the U.S., coupled with stringent rules concerning meat quality, is expected to drive the regional market over the forecast years. Furthermore, the easy and abundant availability of raw materials, such as maize and dextrose, in the location is expected to increase the market growth. Asia Pacific is estimated to register the quickest CAGR from 2020 to 2030. Emerging economies like China and India are witnessing a fast boom in cattle stock seeing that the remaining decade is due to an excessive population and a significant upward jab in meat consumption. This has resulted in higher demand for cattle feed in the region. Spain and Germany emerged as sizeable markets in Europe. The presence of 330 feed mills in Germany will support market growth in Europe. In addition, pork and cattle share of more than 65% of the usual animal feed consumption is witnessed across Spain, and as a result, emerged as the largest driver for the Spanish cattle feed industry. Free trade agreements in place for the European Union nations will positively have an effect on the market increase over the forecast period.

Potenza Feed Market Share by company

  1. BASF
  2. DSM
  3. Cargill
  4. ADM Animal Nutrition
  5. Kemin Industries
  6. Biomin Holding GMBh
  7. Nutreco
  8. Land’O Lakes
  9. Famers

Recently Walgreens announced the expansion of its mobile app. It currently provides MDLive telemedicine services in 25 states. "Walgreens provides customers with convenient and connected services. Enhance the digital experience to give patients choices when using care," said Adam Pellegrini, Vice President of Digital Health at Walgreens. 

The competition of healthcare retailers has been a problem for many practices for some time. With the addition of the telemedicine component, this option is more compelling for patients and can undermine patient loyalty if practices do not keep up with today's healthcare consumer preferences.

Philips Healthcare, Beam Healthcare, GE Healthcare, and Bosch Healthcare are vital players in the telemedicine market. Actors are always involved in producing this wide range of services and software that can be used for patient monitoring, self-care, and post-operative monitoring.

The beam is a top health medicine company and is a text-based intelligent telehealth service designed to enable billable telehealth for primary care providers. An end-to-end solution was captured for telemedicine visit reimbursement to create a doctor service that can streamline the reimbursement process for doctors' online visits. The app handles the billing process directly and sends the bill to the insurance provider without the doctor or patient spending a little effort.

The introduction of customized merchandise in conjunction with software development and distribution channel expansion is predicted to be a fundamental issue for the enterprise participants. In addition, regular mergers and acquisitions are undertaken to diversify the product portfolio and achieve a higher market share, and beautify their regional presence, especially in unorganized markets, such as China, Brazil, and India.

NOTABLE HAPPENINGS IN THE GLOBAL TELEMEDICINE MARKET IN THE RECENT PAST:

  • Acquisition - In June 2020, Nutreco completed the acquisition of Hi-Pro Feeds. Following the amalgamation, Nutreco’s collective animal nutrition companies in North America, consisting of Shur-Gain, Landmark, and Hi-Pro Feeds, will do business under the name Trouw Nutriti.

Chapter 1. Potenza Feed Market – Scope & Methodology

1.1. Market Segmentation

1.2. Assumptions

1.3. Research Methodology

1.4. Primary Sources

1.5. Secondary Sources

Chapter 2. Potenza Feed Market – Executive Summary

2.1. Market Size & Forecast – (2023 – 2030) ($M/$Bn)

2.2. Key Trends & Insights

2.3. COVID-19 Impact Analysis

       2.3.1. Impact during 2023 - 2030

       2.3.2. Impact on Supply – Demand

Chapter 3. Potenza Feed Market – Competition Scenario

3.1. Market Share Analysis

3.2. Product Benchmarking

3.3. Competitive Strategy & Development Scenario

3.4. Competitive Pricing Analysis

3.5. Supplier - Distributor Analysis

Chapter 4. Potenza Feed Market Entry Scenario

4.1. Case Studies – Start-up/Thriving Companies

4.2. Regulatory Scenario - By Region

4.3 Customer Analysis

4.4. Porter's Five Force Model

       4.4.1. Bargaining Power of Suppliers

       4.4.2. Bargaining Powers of Customers

       4.4.3. Threat of New Entrants

       4.4.4. Rivalry among Existing Players

       4.4.5. Threat of Substitutes

Chapter 5. Potenza Feed Market - Landscape

5.1. Value Chain Analysis – Key Stakeholders Impact Analysis

5.2. Market Drivers

5.3. Market Restraints/Challenges

5.4. Market Opportunities

Chapter 6. Potenza Feed Market – By Ingredients

6.1. Corn

6.2. SOyabean

6.3. Meat

6.4. others

Chapter 7. Potenza Feed Market – By Application

7.1. Daily

7.2. Calf

7.3. others

Chapter 8. Potenza Feed Market- By Region

8.1. North America

8.2. Europe

8.3. Asia-Pacific

8.4. Latin America

8.5. The Middle East

8.6. Africa

Chapter 9. Potenza Feed Market – Company Profiles – (Overview, Product Portfolio, Financials, Developments)

9.1. BASF

9.2. DSM

9.3. Cargill

9.4. ADM Animal Nutrition

9.5. Kemin Industries

9.6. Biomin Holding GMBh

9.7. Nutreco

9.8. Land’O Lakes

9.9. Famers

 

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