Antibiotic Alternatives Stimulate New Product Development in Global Animal Feed Ingredient Market

By PRNewswire4 days ago

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Amino acids dominate the global industry and are expected to generate revenues of $11.5 billion by 2026, says Frost & Sullivan

SANTA CLARA, Calif., April 8, 2021 /PRNewswire/ --Frost & Sullivan's recent analysis finds that the rising demand for high-quality meat products across the globe, especially in developing countries, will facilitate the growth of the global animal feed ingredient market. Driven by a combination of rising population, growing economies, and increasing per capita income, the industry is projected to reach a revenue of $24.7 billion in 2026 at a compound annual growth rate of 5.5% from $18.0 billion in 2020. The poultry and swine sectors are expected to witness the highest usage of feed ingredients, whereas expansion in the ruminants sector is forecasted to demonstrate an upward trend due to changing cattle farming practices.

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