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Download Free sampleThe global Animal Feed Ingredients market was valued at 33071.07 Million USD in 2021 and will grow with a CAGR of 4.29% from 2021 to 2027.
The prime objective of Animal Feed Ingredients Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Animal Feed Ingredients Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
A feed ingredient is a component part or constituent or any combination/mixture added to and comprising the feed. Feed ingredients might include grains, Wheat, added vitamins, Fishmeal, Others, and other nutritional and energy sources.The aforementioned remarks show that the recent growth in soybean and maize demand has, to a large degree, been driven by increasing demand from the animal feed industry. The key beneficiaries of this demand uptick have been South America and the US, with other regions of the world standing on the consumption end of the value-chain. While Africa`s maize production has increased over the recent past, the continent remains a net importer of soybean products. This soybean and maize demand from animal feed industries is likely to prevail over the foreseeable future. Therefore, African farmers should consider increasing domestic soybean production in the coming seasons, as a way to substitute for the ever-growing imports of soybean products.
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