Home > Pressrelease > Feed Non-Protein Nitrogen Market size to cross $1.5 Bn by 2032
Feed Non-Protein Nitrogen Market size to cross $1.5 Bn by 2032
- Published Date: February 20, 2023
Feed Non-Protein Nitrogen Market size is set to reach USD 1.5 billion by 2032, according to a new research report by Global Market Insights Inc.
The report indicates that the growing consumption of dairy and meat products will proliferate the use of non-protein nitrogen in animal feed. Based on data from The World Counts, by 2050, meat consumption may increase by another 160% globally. COVID-19-induced lifestyle changes and the growing demand for dairy products will also boost NPN consumption as a source of dietary protein in the feed industry. Scientists have also revealed that the world must reach peak livestock production before 2030 to tackle climate emergencies, further promoting animal farming and complementing industry dynamics.
Rising pork consumption to augment integration of low-cost ammonia as an NPN source in swine feed
The feed non-protein nitrogen market from ammonia product segment will exceed USD 280 million by 2032, owing to the high awareness of its vital role in microbial protein synthesis among livestock. A range of milling by-products and low-protein feeds are being ammoniated and fed as a nitrogen source in feed for ruminants. The report cites that the easy availability and low cost, among other key product benefits, will amplify the production of ammonia for use as additives in animal feeds.
The swine livestock segment is slated to depict a 4% CAGR from 2023 to 2032. The escalating pork intake in the U.S., Poland, China, Mexico, Russia, and Brazil, among other countries, will fuel the adoption of NPN diets to improve digestion, protein deposition, and feed efficiency among growing pigs. Protein is also considered an expensive nutrient in swine rations. These factors, along with the capability to improve health and nutrient intake, will drive the reliance on NPN sources including ammonia for animal nutrition.
Browse key industry insights spread across 600 pages with 1187 market data tables and 32 figures & charts from the report, “Feed Non-Protein Nitrogen Market Size By Product (Urea [By Form {Dry, Liquid}, By Livestock {Swine, Poultry, Ruminant}], Ammonia [By Form {Dry, Liquid}, By Livestock {Swine, Poultry, Ruminant}]), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/non-protein-nitrogen-in-feed-market
Increasing availability of economical protein-rich diets will escalate NPN use in North America
North America feed NPN industry is expected to surpass USD 260 million by 2032, given the reliance on protein-rich foods. The increasing health consciousness and growing disposable incomes have resulted in better affordability of protein diets, thus boosting NPN use in animal feed to deliver high-quality meat. Furthermore, the extensive availability of corn, soybeans, barley, molasses, ammonia, and other feed-grade raw materials and the surging demand for dairy products and eggs will stimulate the regional industry growth.
Business expansion strategies to remain a key growth strategy for industry players
Major players involved in the feed non-protein nitrogen market include Antonio Tarazona, Alltech Inc., Fertiberia, S.A, PetroLeo Brasileiro S.A, Nutrien Limited, Incitec Pivot Limited, Borealis Ag, Kay Dee Feed Company, Quality Liquid Feeds, Yara International ASA, Archer Daniels Midland Company and Meadow Feeds. These firms are focusing on strategies such as business acquisitions and collaborations to reinforce their presence in the feed non-protein nitrogen industry.
For instance, in February 2022, Yara International ASA purchased a 14% stake in Orbia, a Brazilian online farm products trade platform. This initiative was intended to expedite its product sales from online channels, thereby increasing its foothold in the industry