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The growing population around the globe is also projected to surge the demand for meat and animal-based products, which will subsequently boost the market growth. The meat industry is highly dependent on the animal feed additives industry for optimum quality of meat. Regions such as Europe and North America, where the consumption of meat is very high, serve as potentially major markets. The use of these products in livestock diet is promoted for non-commercial uses, as they improve the overall health of the animals and enhance their growth and development.
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These additives are essential for supporting the global animal-based industries, which include the meat, poultry, milk, and milk products industries, among others. The demand for meat and other animal-based products directly affects the demand for additives. These additives are utilized extensively in the feed industry, especially for commercial purposes. Generally utilized additives include vitamins, amino acids, enzymes, and antibiotics, among others. These additives make the livestock more desirable to the consumers and profitable for the cultivators.
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Get more Insights from full market research report with TOC, " Animal Feed Additives Market Size, Share & Trends Analysis Report By Product (Antibiotic, Vitamin, Antioxidant), By Livestock (Poultry, Pork, Cattle, Aquaculture), By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.Īnimal Feed Additives Market Growth & TrendsĪnimal feed additives are types of supplements added to the feed which enhance the overall health, appearance, and body structure of the livestock.
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The increasing focus on using organic and natural products was one of the most significant drivers of the demand for natural antioxidants in this market. Antioxidants emerged as one of the most prominent segments in the global market for animal feed additives in 2021.They help in improving the level of gastric acids in the animals, to improve their digestion and assimilation of food. Feed acidifiers are of vital importance in the overall feed of animals. The feed acidifiers segment accounted for more than 6% of the revenue share in 2021.The poultry livestock segment is anticipated to advance at a healthy CAGR of 3.9% in terms of revenue from 2022 to 2030, due to its increase in consumption by the global population.The amino acids product segment is expected to witness a promising growth rate of 4.1%, in terms of revenue, from 2022 to 2030, owing to its increased demand because of its effect on increasing the efficiency and quality of livestock.This is attributable to the increase in consumption of meat by the growing regional population and the increase in purchasing power of the people. The Asia Pacific region is poised to witness the fastest growth rate of 4.0%, in terms of revenue, from 2022 to 2030.The growth is majorly driven by the increased consumption of meat and the rise in the livestock population worldwide. Furthermore, the industry is projected to advance at a CAGR of 3.5% from 2022 to 2030. Recent Searches brazzers real wife ass kissing tumblr gianna michaels 2017 meggan malone porn pornhub watching private videos myvidster.SAN FRANCISCO, /PRNewswire/ - The global animal feed additives market size is expected to reach USD 53.7 billion by 2030, as per a new report by Grand View Research, Inc.