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Global Animal Feed Micronutrients market accounted for $1,504.13 million in 2019 and is expected to reach $2,804.73 million by 2027 growing at a CAGR of 8.1% during the forecast period.
Some of the factors such as increasing demand for animal protein and effectiveness on growth and fertility, and increasing middle-class population and rising per capita income are propelling the market growth. However, the lack of awareness among farmers and critical dosage application are hampering the market growth.
Animal feed micronutrients are added to the feed of those animals that are unable to get proper or adequate nutrients from regular feeds or naturally grown nutrition or to enhance milk yield and animal health. Feed micronutrients help in the prevention and cure of diseases and to improve digestibility in animals.
Search jobs Animal Feed Micronutrients Market Size, Share | Global Industry Research on Growth, Trends and Opportunity 2020-2026
Pune, Maharashtra, India, January 8 2021 (Wiredrelease) Brandessence Market Research and Consulting Pvt ltd –:Animal Feed Micronutrients Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Animal Feed Micronutrients Market place for the forecast 2020– 2025
As per the ACSPA, almost 3.2 million shelter animals are adopted in the US annually. Moreover, as per the American Pet Products Association, almost 85 million cats and 78 million dogs are owned in the US. This has called for a rise in spending on animal care paired with the success of animal feed micronutrients in fertility and growth in the animals has displayed a positive impact on the market growth.