Non-protein Nitrogen Market Size Forecast to Reach $1.16 Billion by 2025


Posted October 12, 2020 by Blessy_Joy

Growing Demand From Animal Husbandry and Increasing Expenses to Maintain Proper Animal Health Will Drive Non-protein Nitrogen Market.

 
Non-Protein Nitrogen Market size is forecast to reach $1.16 billion by 2025 after growing at a CAGR of 5% during 2020-2025. Non-protein nitrogen is used in animal nutrition to refer to components, which are not proteins but can be converted into proteins via microbes. The growth of the market is expected to be driven by the high demand non-protein nitrogen from the animal husbandry sector.

Key Takeaways

Asia-Pacific dominates the non-protein nitrogen market owing to increasing demand from poultry farms.

Growth of dairy industry will drive the growth of the market in the forecast period.

Major toxicity of non-protein nitrogen in ruminants will hinder the growth of the market in the forecast period.

Geography- Segment Analysis

APAC dominates the non-protein nitrogen market with a share of 42% followed by North America and Europe. The economy of APAC is mainly influenced by the economic dynamics of countries such as China and India, but with growing foreign direct investment for economic development of South East Asia, the current scenario is changing. Countries in South East Asia are witnessing rise in the livestock population in last few years is a key reason for the surge in product demand. Development of advanced technology for effective protein synthesis from non-protein sources in Asian countries has led to wide-scale product usage. Further, availability of dairy products through various channels has further increased product demand.

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Driver- Non-Protein Nitrogen Market

High preference of protein as compared to other sources of feed drives the global feed non-protein nitrogen market in the forecast period.

Livestock producers are aware of the fact that urea is the most common source of non-protein nitrogen in feed; it contains 46.7% nitrogen compared to 16% for most protein. Feed that contains urea has several positive impacts as compared to natural sources even in adverse conditions. It has several benefits related to body weight, growth rate, and also results in higher milk yields of livestock. Urea is found to be a source of readily available .

carbohydrates, helps in easy solubility of proteins, and provides an adequate supply of minerals. These are factors that accelerate urea utilization in ruminants. According to the Colorado State University, 281% of protein can be obtained from 13.5 pounds of urea, whereas 86.5 pounds of corn or similar grains are required to obtain the same amount of protein in the ruminant. Due to this advantage, livestock producers are showing a gradual shift from natural protein sources to non-protein nitrogen. This factor will drive the growth of the market in the forecast period.

Growing demand from animal husbandry will drive the growth of market in the forecast period

Growing demand from animal husbandry and increasing expenses to maintain proper animal health will drive non-protein nitrogen market. Furthermore, rising awareness regarding the need for providing quality and effective pet food will augment product demand. Factors such as ease of availability, the rise in cattle population and cost efficiency will drive the growth of market in the forecast period.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the non-protein nitrogen market. Major players’ non-protein nitrogen market are Archer Daniels Midland Company, Yara International ASA, Quality Liquid Feed, Anipro Feeds, Meadow Feeds, and Others.

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Issued By Blessy
Business Address IndustruARC
Country India
Categories Business
Tags nonprotein nitrogen market , nonprotein nitrogen market report , nonprotein nitrogen market research , nonprotein nitrogen market share
Last Updated October 12, 2020