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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.