Feed Non-Protein Nitrogen Market
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Feed Non-Protein Nitrogen Market size surpassed USD 1 billion in 2022 and is anticipated to depict a 4% CAGR between 2023 and 2032, on account of the economic upswing and the increasing livestock production.
Non-protein nitrogen is rapidly emerging as a beneficial and cost-effective source of dietary protein for animal nutrition among farmers. With rapid urbanization and economic growth, there has been an urgent need for livestock production to cater to the growing consumer base. As per the World Bank, the production of industrialized meat is growing 6 times faster than traditional meat production techniques. Manufacturers are also developing non-protein nitrogen products that can act as a replacement for a portion of the total dietary protein requirements in cattle.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Feed Non-Protein Nitrogen Market size in 2022: | USD 1 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 - 2032 CAGR: | 4 |
| 2023 Value Projection: | USD 1.5 Billion |
| Historical Data for: | 2018 to 2022 |
| No of Pages: | 600 |
| Tables, Charts & Figures: | 1219 |
| Segments Covered: | Product, Form, Type, and Region |
| Growth Drivers: | |
| Pitfalls Challenges: |
An increase in livestock production will therefore boost the consumption of animal feed protein and in turn, escalate the use of non-protein nitrogen in animal feed formulations. However, stringent regulations associated with the toxicity of animal fodders may hinder industry growth to some extent. In the U.S., for example, strict norms pertaining to animal safety have been introduced, requiring animal feed developers to gain FDA approvals. Furthermore, the rising awareness about greenhouse gas emissions and land and water degradation due to livestock production may limit product usage.
The feed non-protein nitrogen market size from the urea product segment is expected to cross USD 1 billion by 2032. The mounting product penetration is due to cost-effectiveness, high nitrogen content, reduced weight loss, dry roughage intake, and other benefits. In the U.S., the development of small ruminant products is also rising steadily, to address the demand from immigrants who prefer goat or sheep products over poultry and pork. These factors will generate interest in improving ruminant health management and drive the acceptance of urea as a building block for NPN production through rumen microbes.
The ruminant livestock segment will grow at 4% CAGR through 2032, considering the extensive product usage in ruminant feed for dairy production and meat processing. The dairy sector is flourishing in many regions worldwide, especially in African and Asian nations. According to the Agriculture and Horticulture Development Board, milk production is estimated to increase by over 2% per year across the globe. Such factors will also augment the adoption of urea as a common non-protein nitrogen source for ruminants, considering the low cost and high palatability over alternative sources.
The Asia Pacific feed non-protein nitrogen market value will be worth USD 790 million by 2032, given the large cattle population and the extensive support for livestock operations. For example, over the last three years, requests to the World Bank for support of livestock production have risen from an average of USD 150 million annual lending to over USD 700 million per year, with major growth recorded in South Asia and Central Asia, among other regions. Furthermore, the robust growth of the animal husbandry sector in many Asian countries will augment NPN adoption in animal feed formulations across the region.
Some of the leading companies operating in the feed non-protein nitrogen market include
These companies are incorporating strategies such as mergers and acquisitions to strengthen their presence in the market.
For instance, in September 2021, Archer Daniels Midland Company entered a deal to acquire a 75% stake in Pedigree Ovens, PetDine, NutraDine, and The Pound Bakery, leading pet treat and supplement providers. This acquisition strategy was meant to enable the company to expand its pet supplement business and enhance its footprint in the industry.
During the initial months of the coronavirus outbreak, there were significant concerns regarding livestock cultivation and supply chain maintenance to sustain the economy. Numerous COVID-19 infection cases among workers in processing plants and animal farms also created an adverse impact on livestock management and product distribution. Another significant contributor to a decline in livestock operations was the high animal feed cost, further limiting demand for feed additives including NPN. However, the gradual economic recovery and resumption of animal husbandry initiatives are expected to assert a positive influence on the market dynamics.
Market, By Product
The above information has been provided for the following regions and countries:
Prominent players in the market include Antonio Tarazona, Fertiberia, S.A, Nutrien Limited, Nutri Feeds, Meadow Feeds, Quality Liquid Feeds, Yara International ASA, and Archer Daniels Midland Company.
The industry value for feed non-protein nitrogen in APAC will cross USD 790 million by 2032, given the large cattle population and the extensive support for livestock operations.
The market size of feed non-protein nitrogen reached USD 1 billion in 2022 and is set to grow at 4% CAGR through 2032, on account of the economic upswing and the increasing livestock production.
The urea product segment is anticipated to surpass USD 1 billion by 2032, owing to cost-effectiveness, high nitrogen content, reduced weight loss, and dry roughage intake, among other product benefits.