Feed Preservatives Application Market End-Use Industries, Growth Opportunities, Size, Share, Trends, Forecast To 2024
Market Highlights Feed Preservatives Market has witnessed continued growth over the last few years and is projected to grow by USD 4,061.1 Million from 2018 to 2024 at a CAGR of 9.0%. The rise in demand for meat and dairy products has prompted the growth of the livestock industry. The increasing population and change in consumer lifestyles across the globe have accelerated meat consumption, driving the growth of the livestock population. In 2017, global livestock production accounted for about 40% of the gross value of agricultural production. Changing consumer preferences and a high inclination toward animal-based protein is fueling the demand for quality foods such as meat, eggs, and milk. Moreover, an increase in per capita disposable incomes and rising health consciousness are driving the growth of the industry. Consumers are willing to pay high prices for protein-rich products. The compound feed industry has seen significant growth in the last deca...