Technavio forecasts that the Animal Feed Market will witness an increase of USD 134.4 billion at a 4.75% CAGR during 2023-2028. This substantial growth is attributed to increasing investments and expansion in production infrastructure. New product innovations that align with shifting consumer nutritional needs are also driving the market forward. In addition, strategic mergers and acquisitions are enabling companies to enhance their market presence. The rising demand for meat, particularly beef, veal, and poultry, has compelled suppliers to ramp up production. The APAC region is a key player due to its vast livestock population and significant meat production and trade activity, contributing to overall market growth.

Click here to download Animal Feed Market Sample PDF Click here to Contact us for more Information