Feed Additives Market Boosting Livestock Nutrition: Future Trends in Growth (2024-2030)
Market Size and Growth Projections: The feed additives market plays a crucial role in the global food system, providing essential support to the animal agriculture industry. These specialized ingredients, incorporated into animal feed, enhance animal health, performance, and product quality, ultimately contributing to a more sustainable and efficient food chain. As the demand for animal protein continues to rise, driven by population growth and evolving dietary preferences, the feed additives market is expected to witness significant growth in the coming years. According to Market Research Future (MRFR), the global feed additives market size was valued at USD 42.2 billion in 2023 and is projected to reach USD 55.8 billion by 2028, growing at a steady CAGR of 5.8% during the forecast period. Several key factors are contributing to this projected growth: Rising demand for animal protein: The global population is expected to reach 9.7 billion by 2050, leading to an increased demand