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Global Animal Feed Market Shows Promising Growth Opportunities in 2023

Updated: Aug 13, 2023

The global animal feed market is witnessing significant growth due to the rising demand for animal protein across the world. Increasing population, especially in developing countries, and the need for sustainable and efficient livestock production are the key factors driving the growth of the compound feed market. The increasing popularity of meat, milk, and fish consumption is expected to further boost the demand for animal feed products. According to our analysis, the global compound feed market size is projected to cross USD 650 billion by 2027, with a CAGR of 4.3% from 2022 to 2027.

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