Feed Non-Protein Nitrogen Market Worth 1.65 Billion USD by 2020
PUNE, India, February 5, 2016 /PRNewswire/ --
The report "Feed Non-Protein Nitrogen Market by Type (Urea, Ammonia, and Others), Form (Dry, Liquid, and Pellets), Livestock (Beef Cattle, Dairy Cattle, Sheep & Goat, and Others), and by Region - Global Forecasts to 2020", published by MarketsandMarkets, The market is projected to grow at a CAGR of 4.5% from 2015 to reach a projected value of USD 1.65 Billion by 2020.
Browse 122 market data Tables and 62 Figures spread through 171 Pages and in-depth TOC on "Feed Non-Protein Nitrogen Market"
http://www.marketsandmarkets.com/Market-Reports/non-protein-nitrogen-feed-market-179352294.html
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Owing to increasing demand for animal products, high presence of protein as compared to other sources of feed, easy availability, Cost effectiveness, and R&D activities in animal feed industry. Hence, feed non-protein nitrogen will be viewed as a business opportunity in the next five years as many multinational players have entered into the production of varied types of feed non-protein nitrogen.
The feed non-protein nitrogen market is estimated to be valued at USD 1.27 Billion in 2015.
Significant growth in feed non-protein nitrogen, especially urea, was observed in the Asia-Pacific region
The urea segment is mainly driven by the adoption of feed non-protein nitrogen in the emerging markets of countries such as India, China, Brazil, and Japan. Further, the technological advancements, increasing awareness, improving financial condition of farmers, and affordability are changing in these developing countries, which drive the market for feed non-protein nitrogen in these countries. Majority of the Feed Non-Protein Nitrogen Market in developing nations is still untapped and has a huge potential to grow. Thus, there will be significant growth in the Asia-Pacific and Latin American regions.
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Strong product platform provided by ammonia
The demand for ammonia in the feed non-protein nitrogen is increasing as it is the least costly form of NPN and also acts as the key source of nitrogen for carrying out microbial protein synthesis in ruminant's stomach.
Key to success in the Asia-Pacific region
China and India constituted the largest country markets in the Asia-Pacific region in 2014. Many technologies have been developed for effective synthesis of protein from non-protein sources in the Asian countries, which has led to wide-scale usage of feed non-protein nitrogen. Continuous increase in livestock population in the last few years is the cause for increase in demand for non-protein nitrogen sources, which will continue in future as well. Asia-Pacific dominated the market and accounted for the largest market share globally.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading feed non-protein nitrogen companies such as Archer Daniels Midland Company (U.S.), Yara International ASA (Norway), Borealis AG (Austria), Incitec Pivot Limited (Australia), and The Potash Corporation of Saskatchewan Inc. (Canada).
In terms of insights, this research report has focused on various levels of analyses industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global Feed Non-Protein Nitrogen Market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.
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