Global Market Size of Animal Feed Protein Ingredients Market – 10 Year Market Forecast

Food & Beverages

Animal Feed Protein Ingredients Market Size Forecast 2022-2029

 

The industry of protein ingredients for animal feed is expected to register around 6% CAGR between 2022 to 2029 due to the increase in government initiatives to encourage agricultural activity, which has increased investments in agribusiness. The increase in consumption of meat products among consumers is a growth driver of this market. The increased financial support to farmers has encouraged them to effectively develop poultry and livestock. This factor has increased the demand for animal feed protein ingredients. Foods rich in protein are widely used for poultry production due to the great importance of protein, as it is one of the main constituents of the body.

Frequently Asked Questions(FAQ)

• What is Global Market Database?

• The animal feed protein ingredient vertical is studied by Global Market Database to provide relevant market information to industry players.
• Why is the animal feed protein ingredient market expected to grow in the forecast period?

• Market growth is expected in the forecast period due to increased government initiatives and investment in agribusiness which boost the demand for animal feed protein ingredients.
• What is the CAGR value for the forecast period?

• The CAGR value for the forecast period is 13%.
• Which sector in the application segment has the least market shares value?

• Dietary supplements in the application segment have the least market shares value.
• Which key region contributes to the growth of animal feed protein ingredient market?

• The APAC region greatly contributes to the growth of animal feed protein ingredient market.

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