Description
The global market for animal feed additives was estimated at $ 19,642 million in 2017, and is projected to reach $ 31,387 million by 2025, registering a CAGR of 6.0% from 2018 to 2025. , yield and quality of animal feed, and animal health. The global market for animal feed supplements is expected to witness significant growth during forecasts, due to increased consumption of meat products, increased meat quality concerns, and increased safety concerns associated with outbreaks of livestock diseases. In addition, the global meat products industry is accelerating market growth. Demand for meat and meat products is expected to double by 2030 in developing countries. However, rising prices for unripe commodities such as maize, wheat, barley, etc. and strict guidelines for controlling food additives are hampering market growth.
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