Feed Micronutrients Industry is set to register around 6% CAGR between 2021 and 2027 due to increasing focus towards enhancement of animal health and productivity supported by surge in consumption of dairy and meat products.
Selbyville, Delaware, Nov. 08, 2021 (GLOBE NEWSWIRE) --
Global feed micronutrients market revenue is set to cross USD 2.5 billion by 2027, according to a new research report by Global Market Insights Inc. Increasing high-quality meat & dairy products consumption for addressing micronutrient deficiencies and health problems is anticipated to drive the market statistics.
Key benefits including enhanced food absorption, weight gain coupled with improving overall animal health will significantly fuel the product demand. In addition, rising concern pertaining to surging expenditure on animal health maintenance with increasing disease outbreak will provide a strong business outlook for industry expansion.
Growing concern pertaining to major diseases such as bovine spongiform encephalopathy, microbial contamination, and chronic disease owing to nutritional deficiency in the feed will foster new opportunities for the industry landscape. Moreover, upsurge in the adoption of advanced animal husbandry practices for enabling faster timeframes for livestock and milk production will provide a positive scope for the product penetration.
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