Global Feed Additives Forecast to 2026: Market to Reach USD 49.6 Billion by 2026 - ResearchAndMarkets.com
The feed additives market is estimated to be valued at USD 38.1 billion in 2021 and is projected to reach USD 49.6 billion by 2026, recording a CAGR of 5.5%, in terms of value.
- The feed additives market is estimated to be valued at USD 38.1 billion in 2021 and is projected to reach USD 49.6 billion by 2026, recording a CAGR of 5.5%, in terms of value.
- The market is primarily driven by factors such as increasing demand and consumption of livestock-based products and growth in feed production globally.
- Asia Pacific region accounted for the market share in the feed additives market owing to the presence of large livestock population and their growth.
- However, one of the restraining factors in the growth of feed additives market is the ban on antibiotics in different countries.