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Animal Feed Additives Market Size
- Report ID: GMI144
- Published Date: May 2023
- Report Format: PDF
Animal Feed Additives Market Size
Animal Feed Additives Market size exceeded USD 22 billion in 2022 and is anticipated to grow at 4.2% CAGR from 2023 to 2032. The animal feed additives play very important role in aquaculture and livestock sector. Feed additives are added to animal feed to increase the digestibility, nutritional value, palatability and health of the animal. These additives can be classified according to various products including Antioxidant, Pigments, Enzymes, Flavours, Sweeteners, Probiotics, Vitamins and amino acids.
The demand for animal protein, such as meat, dairy, and eggs, is being driven by the expanding global population, urbanization, and disposable incomes. Due to the rising demand, feed additives are required to enhance animal health, growth, and productivity, which propels the market's expansion.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Animal Feed Additives Market Size in 2022: | USD 22.78 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 4.3 % |
| 2032 Value Projection: | USD 34 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 2,000 |
| Tables, Charts & Figures: | 3,504 |
| Segments covered: | Product, application, region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Animal nutrition and health are receiving more attention in order to assure maximum output and lower the risk of illness. To improve animal adoption, feed additives are essential for resolving nutritional shortages, strengthening immunological function, improving feed efficiency, and encouraging overall animal welfare.
Frequently Asked Questions (FAQ) :
Animal Feed Additives Market Scope
