Animal Feed Additives Market Size Worth $53.7 Billion By 2030
Animal Feed Additives Industry Overview The global animal feed additives market size is expected to reach USD 53.7 billion by 2030, as per a new report by Grand View Research, Inc. Furthermore, the industry is projected to advance at a CAGR of 3.5% from 2022 to 2030. The growth is majorly driven by the increased consumption of meat and the rise in the livestock population worldwide. Animal Feed Additives Market Segmentation Grand View Research has segmented the global animal feed additives market on the basis of product, livestock, and region: Based on the Product Insights, the market is segmented into Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers, Others. The amino acids segment dominated the animal feed additives market with a revenue share of over 34% in 2021. Its high share is attributable to the increasing demand for meat and the growing population of livestock globally. It supports the growth of livestock and th...