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Showing posts with the label Animal Feed Micronutrients Industry

Animal Feed Micronutrients Market Competitive Landscape by 2025

The demand is expected to grow significantly over the coming years on account of high application scope coupled with increasing utilization in poultry application. The Global Animal Feed Micronutrients Market is expected to reach USD 2.12 billion by 2025, according to a new report by Grand View Research, Inc. The market is driven by the capability of the product to increase the weight and improve the overall health of the animals. The deficiency of micronutrients can lead to hardening & cracking lesions on pig skin and slow growth, poor feathering, & abnormal skeletal development in poultry. This is likely to have a positive impact on the consumption over the forecast period. Asia Pacific was the major consumer of the product in 2016 and is expected to witness growth at a CAGR of 7.8% from 2017 to 2025. Factors such as rapid urbanization, growing population, and rising consumer willingness to spend are expected to increase the demand for various kinds of meat inc