Animal Compound Feed Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are increasing across the globe. A mixture of raw materials and supplements of vegetable or animal origin, fed to livestock is known as compound feed. They are used in order to provide an adequate diet for high producing animals. The most commonly used ingredients in animal compound feed include wheat, corn, soybean, amino acids, antibiotics, minerals, etc.
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The factors that propel the growth of the Animal Compound Feed Market include growing demand, ever increasing population, significant rise in worldwide meat consumption, technological innovations and upturn in livestock production. In addition, some other factors such as rising awareness regarding meat quality and safety, rise in disposable income, and growing health awareness from protein intake by meat consumption.
On the other hand, there are also factors that may hamper the growth of the market such as rise in the cost of raw materials. Animal Compound Feed Market is classified on the basis of product type, applications, distribution channel and geography. Animal Compound Feed Industry is segmented by product type as form (solid feed, liquid feed), additives (amino acids, antibiotics, acidifiers, antioxidants, enzymes, vitamins,) and others.
Animal Compound Feed Market is classified on applications as poultry, ruminant, pig, and others. Animal Compound Feed Industry is segmented by distribution channel as online stores, specialty stores and others. Animal Compound Feed Market is classified on the basis of geography as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa.
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