Animal Nutrition Market Size, Overview, Growth, Demand and Forecast to 2024-2030
The animal nutrition market, valued at $501.9 billion in 2022 and projected to grow at a CAGR of 3.2%, is fueled by increasing global population and the consequent demand surge for animal protein products like meat, milk, and eggs. This necessitates efficient animal nutrition to support livestock production, especially with the rise of intensive farming methods. Proper nutrition is crucial for ensuring the health and productivity of animals, with growing awareness emphasizing animal welfare and health. Implementing effective nutritional strategies is pivotal in disease prevention and ensuring overall animal well-being.