Priyanka Singh

Global Animal Nutrition Market Thrives with a Valuation of $501.9 Billion in 2022, Anticipates 3.2% CAGR Growth. Content Warning.

The animal nutrition market, valued at an impressive $501.9 billion in 2022, is poised for substantial growth at a compound annual growth rate (CAGR) of 3.2% throughout the forecast period. This expansion is driven by a confluence of factors, including the escalating global population, heightened demand for animal protein products like meat, milk, and eggs, and the surge in intensive livestock farming practices to meet this surging demand. Ensuring efficient animal nutrition is vital for sustaining livestock production.