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Animal Feed Organic Trace Minerals Market Size
- Report ID: GMI1402
- Published Date: Feb 2023
- Report Format: PDF
Animal Feed Organic Trace Minerals Market Size
Animal Feed Organic Trace Minerals Market size surpassed USD 700 million in 2022 and is set to record over 6.5% CAGR between 2023 and 2032, driven by the burgeoning demand for meat products.
The growing population and rising affluence in emerging nations are boosting the need for protein-rich foods, such as meat, dairy products, and eggs, which is contributing to the development of the animal feed sector. According to research conducted by the Organization for Economic Cooperation and Development (OECD), worldwide per capita meat consumption is set to stabilize at roughly 35.6 kg/year in r.w.e. by 2031. Furthermore, the application of precision farming techniques, as well as the development of novel feed components and technologies, is improving feed efficiency and lowering prices, making animal feed more accessible to farmers and consumers.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Animal Feed Organic Trace Minerals Market Size in 2022: | USD 700 Million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 6.9% |
| 2032 Value Projection: | USD 1,350 Million |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 345 |
| Tables, Charts & Figures: | 365 |
| Segments covered: | Mineral, Livestock, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Animal Feed Organic Trace Minerals Market Scope
