The market value is further estimated to reach $708.3m by 2023, growing at a CAGR of 6.72% during the forecast period 2018â€“2023.
In 2014, the Animal Feed Safety Testing Market revenue exceeded $500 million.Animal Feed Safety Testing Market is estimated to exceed $2 billion in terms of revenue by 2020.
Asia-Pacific is the fastest growing region with an estimated CAGR of 9.8% during the forecast period 2014-2020, where China and India are the major markets
The flourishing animal feed additive market was valued to be $25,126 million as of 2018, and the demand for the same is poised to grow with a modest compound annual growth rate (CAGR) of 3.8% during the forecast period of 2019 to 2025.
The cattle feed market has progressed from being a mere source of nutrition to an intricate domain developing improved cattle feed additives in accordance with nutrient content, digestibility, efficient nutritional livestock yields, and cattle feed appropriate for region and season in order to meet the requirement of animals.
The global aquafeed market size was $44.2 billion to $44.6 billion as of 2018, and the market demand is projected to increment at a healthy CAGR of 4% to 6% over the forecast period of 2019 to 2025.
Foods for dogs and cats can be made more palatable through various means, such as an adjustment in acidity and others.
The Probiotics in animal feed market is expected to grow at a CAGR of 8% during the forecast period i.e. 2018 to 2023.
Feed binders serve as foodstuffs that can suggestively advance the integrity of the product as well as upsurges the nutrient obtainability for the livestock by averting loss during in-transfer.
Fishmeal and meat-meal are the most popularly used poultry feed owing to their high production and availability, better consciousness a well as better meal in most poultry rations.