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Non-Protein Nitrogen in Feed Market 2024 Overall View of Opportunities, DRIVERS, RESTRAINTS Challenges, Key Players, Growth Rate

Author : Market Study Report | Published Date : 2021-01-05 

Selbyville, Delaware Global Non-Protein Nitrogen in Feed Market Report added at Market Study Report LLC provides industry size, share, growth, trends and forecast analysis up to period. Non-Protein Nitrogen in Feed Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Non-Protein Nitrogen in Feed market and provides information regarding the revenue for the period.

Ruminant accounted for over 70% of the demand in 2016, lenient governmental regulations for urea consumption among ruminants supported growth. High dependency of rural population on livestock for their income has stimulated non-protein nitrogen in feed demand. Rising disease outbreak among animals has further raise the need as it increases the immunity driving the overall growth.

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Positive applications outlook in fodder industry owing to easy availability and cost effectiveness of forage sources will drive non-protein nitrogen in feed market. Increasing meat and dairy products demand will positively influence market penetration.

As per FAO, in developing geographies, consumption of meat is growing at over 5% annually, and milk & dairy products increasing over 3.5% in past few years. Upsurge in cattle population, R&D in animal fodder ingredients along with cost effective digestive formulas will triggering the industry growth.

Improved processing in major fodder additives including vitamins, emulsifiers, and enzymes are among the key factors driving product demand. Rising preference to maintain animal health increased expenditure on fodder with appropriate protein content has positively enhanced non-protein nitrogen in feed industry demand.

Urea accounted for over 75% of the overall non-protein nitrogen in feed market share in 2016. Ease in availability and low cost in comparison to natural protein sources is driving urea demand in NPN feed industry. Improving the efficacy of dietary nitrogen consumption and minimization of nitrogen defecation in urine and its environmental impacts will drive the overall growth of the market. Threat of toxicity among cattle along with stringent regulatory norms pertaining to production residual may hamper market growth.

Non-Protein Nitrogen (NPN) in Feed Market size will exceed USD 1 billion by 2024; according to a new research report by Global Market Insights, Inc.

Dry non-protein nitrogen in feed market will hold a major market share of over 72% by 2024, presence of amount of high sulfur and protein content are key benefits driving demand. Other key offerings including high efficiency and improve digestibility.

Liquid form generated over USD 175 million revenue in 2016. Increased advantages including lower farm labor input, dustiness, wastage, and overall shrink has significantly resulted in the product demand. Properties displayed by liquid form of achieving very high mixing homogeneity will augment the industry growth.

APAC was valued over USD 400 million in 2016.  Acceptance of urea in fodder specifically for ruminants is growing in India, China, and Japan. The regional market is growing due to investments from numerous multinational producers and upsurge in awareness regarding usage of forage, especially in countries including China and India.

North America non-protein nitrogen in feed market is set to observe more than 3.5% CAGR through to 2024. Key factors driving the regional industry growth includes increasing consumer demand for high protein meat and dairy along with presence multiple sales platform has maximized market growth in the region.

Global industry share is consolidated owing to presence few international players in the market. Some of the key players include Archer Daniels Midland Company, Potash Corporation of Saskatchewan, Yara International ASA, Quality Liquid, Borealis, and Incitec Pivot. Augmented focus on product innovation and research & development is the key factor for the industry's success.

Non-protein nitrogen in feed market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons and revenue in USD Million from 2013 to 2024, for the following segments:

Full Report Summary At: https://www.marketstudyreport.com/reports/non-protein-nitrogen-in-feed-market?utm_source=MarketWatch&utm_medium=RV

The Non-Protein Nitrogen in Feed market stands tall as one of the most proactive industry verticals, as claimed by a new research report. This research study forecasts this space to accrue substantial proceeds by the end of the projected period, aided by a plethora of driving forces that will fuel the industry  trends over the forecast duration. A gist of these driving factors, in tandem with myriad other dynamics pertaining to the Non-Protein Nitrogen in Feed market, such as the risks that are prevalent across this industry as well as the growth opportunities existing in Non-Protein Nitrogen in Feed market, have also been outlined in the report.

Report Growth Drivers – 

1 Stringent regulation protecting and maintaining safety at workplace

What are the key highlights of this report?

  1. A systematic pricing analysis has been done on the sources of the product, application, as well as regional categories
  2. A detailed analysis of the vendor matrix, important companies that will help better understand the competitive situation of the global business
  3. Important, insightful data on the regulatory status of the market, as well as the investment scenario – for instance, how many stakeholders have invested in the market and so on
  4. A deep-dive understanding of the various aspects propelling the overall market growth graph, as well as their influence on the worldwide market projections and dynamics
  5. A systematic roadmap depicting the numerous growth opportunities in the worldwide market coupled with the identification of vital factors

An extensive evaluation of the various trends prevailing in the global industry that would help identify the various developments in the market from a global perspective

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Market Study Report, LLC. is a hub for market intelligence products and services.

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If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, LLC. is the platform that can help you in achieving any of these objectives.

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Market Study Report

Market Study Report

Market Study Report, LLC. is a hub for market intelligence products and services.

We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.

Our customers partner with Market Study Report, LLC. to ease their search and evaluation of market intelligence products and services and in turn focus on their company's core activities.

If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, LLC. is the platform that can help you in achieving any of these objectives.

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