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COVID-19 Impact on Global Animal Feed Additives Market Growth By Manufacturers, Countries, Types And Application, End Users And Forecast To 2027


COVID-19 Impact on Global Animal Feed Additives Market Growth By Manufacturers, Countries, Types And Application, End Users And Forecast To 2027
iCrowd Newswire
06 May 2021, 05:47 GMT+10
The global animal feed additives market was valued at USD 34.01 billion in 2019 and is expected to reach USD 48.21 billion by 2027, growing at a CAGR of 4.63% from 2020 to 2027.
Animal feed additives are the extra nutrients or drug for livestock. Feed additives consists amino acids, fatty acids, pharmaceuticals, steroidal compounds, vitamins, minerals, and fungal products. Animal feed is used for digestibility or intestinal health of animal, and to maintain hygiene of animal.
Increase in meat consumption is expected to boost the global animal feed additives market growth. Furthermore, rise in industrial livestock production will have the positive impact on global animal feed additives market growth. Moreover, increase in developments in veterinary medicines is expected to glob ....

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Feed Enzymes For Livestock Market Is Expected To Grow At A Rate Of 5.80% In The Forecast Period 2020 To 2027 | Emerging Key Players- BASF SE; DuPont; Associated British Foods plc; Koninklijke DSM N.V. – KSU


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Global Feed Enzymes Report Market Outlook 2019-2020 & 2027 - Innovation in Phytase Production Processes May Provide Ample Opportunities


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Global Feed Enzymes market accounted for $1.18 billion in 2019 and is expected to reach $2.55 billion by 2027 growing at a CAGR of 10.1% during the forecast period.
Increasing demand for animal-based products, such as meat products, dairy products, and eggs and rise in the global demand for naturally produced feed and feed additives are propelling market growth. However, factor such as higher inclusion rates of enzymes which may have negative effects is hampering market growth. Moreover, innovation in phytase production processes may provide ample opportunities for market growth.
Feed enzymes are used to enhance the quality of animal nutrition as well as improve the nutritional properties of animal fodder. Enzymes are natural proteins secreted by animals as a part of the feed digestion process. Feed enzymes improve the feed performance when added, as they offer additional nutrients such ....

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