Non-Protein Nitrogen Market Poised for Growth, Expected to Reach $1.74 Billion by 2028
Non-Protein Nitrogen Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company's Non-Protein Nitrogen Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
LANDON, GREATER LANDON, UK, July 8, 2024 /EINPresswire.com/ -- The non-protein nitrogen (NPN) market has witnessed robust growth in recent years, projected to increase from $1.36 billion in 2023 to $1.44 billion in 2024, marking a compound annual growth rate (CAGR) of 5.6%. This growth is driven by various factors such as livestock feed supplementation, rising meat consumption, cost-effective protein alternatives, advancements in nitrogen fixation research, and improvements in feed efficiency.
Rising Meat Consumption Drives Market Growth
Increasing meat consumption globally is a significant driver for the non-protein nitrogen market. Meat, a staple in human diets, benefits from NPN in animal feed, enhancing overall protein content and nutritional value. This is achieved through microbial conversion of compounds like urea, biuret, and ammonium phosphate in the ruminant stomach, thereby supporting efficient meat production.
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Key Players and Innovations
Leading companies in the non-protein nitrogen market, such as The Archer-Daniels-Midland Company, Saudi Arabia's Basic Industries Corporation, and Nutrien Ltd., are actively innovating. For instance, advancements include nanotechnology-based solutions aimed at enhancing plant nutrition and crop yields, exemplified by Indian Farmers Fertiliser Cooperative's Nano Urea Liquid, launched in May 2021. This innovation reduces environmental impact and logistics costs while maintaining high nutrient efficiency.
Market Segments
• By Type: Urea, Biuret, Ammonia, Other Types
• By Form: Dry, Liquid, Pellets
• By Livestock: Swine, Poultry, Cattle, Aquaculture, Other Livestock
Geographical Insights: Asia-Pacific Leading Growth
Asia-Pacific emerged as the largest region in the non-protein nitrogen market in 2023 and is projected to maintain its leadership, driven by rapid industrialization in agriculture and increasing livestock production.
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Non-Protein Nitrogen Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Non-Protein Nitrogen Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on non-protein nitrogen market size, non-protein nitrogen market drivers and trends, non-protein nitrogen market major players, competitors' revenues, market positioning, and market growth across geographies. The non-protein nitrogen market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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