The Non-Protein Nitrogen Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Non-Protein Nitrogen Global Market Report 2024, The non-protein nitrogen market size has grown strongly in recent years. It will grow from $1.36 billion in 2023 to $1.44 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to livestock feed supplementation, increase in meat consumption, cost-effective protein alternatives, nitrogen fixation research, feed efficiency improvement.
The non-protein nitrogen market size is expected to see steady growth in the next few years. It will grow to $1.74 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to population growth and food demand, focus on sustainable agriculture, livestock industry growth, rise in aquaculture, demand for high-quality animal protein. Major trends in the forecast period include balancing ration nutrition, microbial protein utilization, sustainable livestock production, functional additives in animal feed, innovative feed technologies.
The increasing meat consumption is expected to propel the growth of the non-protein nitrogen market going forward. Meat is a term used to describe the edible muscular tissue of animals, typically mammals or birds, consumed as food by humans. Non-protein nitrogen in feed consumption can enhance the meat product’s overall protein content and nutritional value by converting components such as urea, biuret, and ammonium phosphate to proteins by microbes in the ruminant stomach. For instance, in March 2023, according to the Australian Bureau of Statistics, an Australia-based government agency, beef production increased by 11.3% to reach 524,335 tons. Further, mutton production increased by 31.8% to 58,662 tons. Therefore, increasing meat consumption drives the non-protein nitrogen market.
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The non-protein nitrogen market covered in this report is segmented –
1) Non-Protein Nitrogen Market By Type: Urea, Biuret, Ammonia, Other Types
2) Non-Protein Nitrogen Market By Form: Dry, Liquid, Pellets
3) Non-Protein Nitrogen Market By Livestock: Swine, Poultry, Cattle, Aquaculture, Other Livestock
Top Major Players
The Archer-Daniels-Midland Company
Saudi Arabia’s Basic Industries Corporation
Nutrien Ltd.
Yara International ASA
The Mosaic Company
Product innovations are a key trend gaining popularity in the non-protein nitrogen market. Major companies operating in the non-protein nitrogen market are focused on developing innovative products to sustain their position in the market. For instance, in June 2021, DSM-Novozymes Alliance, a US-based biotechnology company that produces industrial enzymes and microorganisms, launched ProAct 360, a second-generation protease feed solution. It is an innovative feed solution that enhances the digestibility of protein, ensuring excellent retention of nitrogen in the metabolism and lower nitrogen emissions to the environment, thereby delivering more consistent improvements in growth performance for vital amino acids and faster action.
The non-protein nitrogen market report table of contents includes:
1. Executive Summary
2. Non-Protein Nitrogen Market Characteristics
3. Non-Protein Nitrogen Market Trends And Strategies
4. Non-Protein Nitrogen Market – Macro Economic Scenario
5. Global Non-Protein Nitrogen Market Size and Growth
…..
31. Non-Protein Nitrogen Market Other Major And Innovative Companies
32. Global Non-Protein Nitrogen Market Competitive Benchmarking
33. Global Non-Protein Nitrogen Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Non-Protein Nitrogen Market
35. Non-Protein Nitrogen Market Future Outlook and Potential Analysis
36. Appendix
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