Probiotics in Animal Feed Market Growth Drivers, and Latest Trends
The global probiotics in animal feed market was valued at USD 4.2 billion in 2022 and is expected to reach approximately USD 4.6 billion in 2023. With a projected compound annual growth rate (CAGR) of 9.1%, the market is anticipated to reach USD 7.1 billion by 2028. The incorporation of probiotics in animal feed has demonstrated significant benefits for livestock health, including enhanced immune...
Probiotics in Animal Feed Industry: Trends and Opportunities
The probiotics in animal feed market industry is projected to reach USD 7.1 billion by 2028 from USD 4.6 billion by 2023, at a CAGR of 9.1% during the forecast period in terms of value. The demand for probiotics in animal feed is primarily driven by increase in production and demand of compound feed along with rising consumption of feed additives in emerging markets such as Asia Pacific and South...