Animal Nutrition Supplements Market - Global Industry, Analysis, Size, Share, Trends, and Forecasts 2024-2031


Anjali15

Uploaded on Jan 23, 2024

Category Business

The animal nutrition market, valued at $501.9 billion in 2022, is projected to grow at a CAGR of 3.2% over the forecast period. The increasing global population drives the demand for animal protein products, necessitating efficient animal nutrition to support livestock production. The rise of intensive livestock farming is a response to the growing need for meat and dairy products, emphasizing the crucial role of proper animal nutrition in ensuring health and productivity. There is a heightened awareness of animal health and welfare, with nutritional strategies playing a key role in disease prevention and overall well-being. Advances in feed formulation and nutritional science have led to specialized feeds and supplements, enhancing animal performance. Government regulations regarding additives, antibiotics, and growth-promoting substances significantly influence the industry, driving innovation and shaping the composition of animal feed. The animal nutrition sector is shaped by dynamic factors, including changing consumer preferences, sustainability concerns, technological advancements, and regulatory developments.

Category Business

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