According to Future Market Insights (FMI), the global animal feed industry is set to be valued at USD 530.0 billion in 2023. It is anticipated to reach USD 929.0 billion by 2033. Over the next ten years, global animal feed demand is likely to increase at a CAGR of 7.3%.
Increasing world population has boosted demand for animal protein. Demand for the production of livestock...
Market Overview and Market Insights: Animal feed is a crucial part of modern livestock production since it offers the nutrients that animals need for growth, health, and productivity. It contains a variety of nutritional ingredients, including carbohydrates, proteins, vitamins, and minerals, which have been specifically designed to meet the dietary needs of various animal species. Animal feed...