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(MoneyNewsWire.Net, October 05, 2017 ) According to the report Latin America Non-Protein Nitrogen Market, published by Market Data Forecast the Market had a value of USD 0.25 billion in 2016 and is forecasted to exhibit a CAGR of 5.3% and reach USD 0.33 billion by 2021. The Non-Protein Nitrogen market is predicted to showcase huge potential in the forecasting period. The market has continued to gain momentum with emerging economies advancing in technology in recent years.
Non-Protein Nitrogen is a vast term in animal nutrition used to refer to a bunch of components such as urea, ammonia and others which are not actually proteins but can be converted into one by action of microbes in ruminant stomach.
Browse market data tables and in-depth TOC of the Latin America Non-Protein Nitrogen Industry to 2021 @ http://www.marketdataforecast.com/market-reports/latin-america-non-protein-nitrogen-market-3559/
The rising demand for animal products has been fuelling the growth of non-protein nitrogen market in recent years. Further, other factors driving the market growth include, growth in dairy industry, increase in meat consumption, rise in cattle population, ease of availability, cost efficiency, R&D in animal feed industry. Besides these, there are factors holding the market back, like stringent government regulations, toxicity in ruminants, causes of non-protein nitrogen toxicity.
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The Latin America Non-Protein Nitrogen market is broadly classified on the basis of type and livestock. The segmentation on the basis of type is done under ammonia, urea and others. On the basis of livestock, the market is categorized into poultry, swine, cattle, pet foods, aquaculture and others. The cattle segment had for the highest market share under livestock segmentation as a result of increase in production of cattle meat recently and is expected to grow even further. Lastly based on form the segments are liquid, pallets and dry. On the basis of geography, the Latin America market is analysed under various regions namely Brazil, Argentina, Mexico and rest of Latin America.
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Among various big companies in the Non-Protein Nitrogen market, the major ones are Yara International ASA, Archer Daniels Midland Company, Incitec Pivot Limited, Borealis AG, Petróleo Brasileiro S.A., The Potash Corporation of Saskatchewan Inc., Fertiberia SA, Alltech Inc., Skw Stickstoffwerke Piesteritz GmbH, Antonio Tarazona SL.
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