Animal Feed Micronutrients Market Is To Reach $2.12 Billion By 2025: Grand View Research, Inc.2/28/2018 The global animal feed micronutrients market is expected to reach USD 2.12 billion by 2025, according to a new report by Grand View Research, Inc. The demand is expected to grow significantly over the coming years on account of high application scope coupled with increasing utilization in poultry application.
The market is driven by the capability of the product to increase the weight and improve the overall health of the animals. The deficiency of micronutrients can lead to hardening & cracking lesions on pig skin and slow growth, poor feathering, & abnormal skeletal development in poultry. This is likely to have a positive impact on the consumption over the forecast period. Asia Pacific was the major consumer of the product in 2016 and is expected to witness growth at a CAGR of 7.8% from 2017 to 2025. Factors such as rapid urbanization, growing population, and rising consumer willingness to spend are expected to increase the demand for various kinds of meat including pork and beef, thereby leading to the market growth. Access Full Research Report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/animal-feed-micronutrients-market Further key findings from the study suggest:
http://www.grandviewresearch.com/industry/animal-feed-and-feed-additives Grand View Research has segmented the global animal feed micronutrients market on the basis of product, application, and region: Animal Feed Micronutrients Product Outlook (USD Million; 2014 - 2025)
Access press release by Grand View Research: http://www.grandviewresearch.com/press-release/global-animal-feed-micronutrients-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For more information: http://www.grandviewresearch.com
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