Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.32 Billion | USD 4.37 Billion | 6.53% | 2024 |
FrequentlyAsked Questions
Feed acid offers a nutritionally balanced diet to the livestock. These include feed enzymes, amino acids, antioxidants, vitamins, as well as antibiotics that are essential for the proper growth of ruminants and poultry animals.
The global feed acid market is expected to grow due to increasing awareness of the benefits of feed acids in animal health, the rising global demand for meat and dairy products, a growing focus on animal welfare, and the adoption of modern farming practices.
According to a study, the global feed acid market size was worth around USD 2.32 billion in 2024 and is expected to reach USD 4.37 billion by 2034.
The global feed acid market is expected to grow at a CAGR of 6.53% during the forecast period.
Asia-Pacific is expected to dominate the feed acid market over the forecast period.
Leading players in the global feed acid market include Trouw Nutritional International B.V., Novus International, Kemin Industries Inc., Provimi SA, ADA Alliance Nutrition Inc., Jefo Nutrition Inc., Evialis, BASF SE, Biomin GmbH, ADDCON GmbH, among others.
The report explores crucial aspects of the feed acid market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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