Compound Feed Market To Be Value At Usd 709.65 Billion By 2030,
June 15, 2023 ⚊ 1 Min read ⚊ Views 73 ⚊ FOOD
Market Research Future Insights
According to market research future insights analysis, the global Compound feed market size is expected to be worth USD 709.65 billion, growing at a 4.85% CAGR during the forecast period 2022-2030.
Global population development, an increase in the prevalence of animal diseases, and increased livestock numbers, particularly in developing nations, will be the main drivers of compound feed industry expansion. Other significant drivers of the compound feed market growth include the increasing demand for high-quality meat and dairy products around the world, the rate of industrialization, and the increased focus on improvements in production methods. The government’s increasing efforts to support the agricultural sector, the emphasis on adopting high-quality animal feed, and the exploding trend of organized livestock farming in developing nations will further open up lucrative
