With zoonotic diseases and the concerns regarding animal health rising at a sharp rate across the globe, the need for high-quality feed is of great concern. Thus, based on this factor, the global natural feed additive market is expected to gain handsomely during the assessment period of 2019-2029.
Natural feed additives contain all the essential nutrients and vitamins necessary for the overall well-being of livestock. These additives improve the quality of the feed and assure great health for the livestock. Therefore, these aspects may turn the tables of growth for the natural feed additive market.
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Natural feed additives are derived from animal, plant, and micro-organisms sources. They are available in liquid, dry, and other forms. They can be classified into different types such as acidifiers, flavors and sweeteners, amino acids, antioxidants, vitamins, minerals, amino acids, and others.
Proliferating Demand for Meat to Bring Immense Growth Prospects for Natural Feed Additive Market
The demand for meat has risen considerably over the years. The health benefits attached to meat serves as a prominent factor for meat consumption. Nearly 350 mn tons of meat is consumed across the world. These statistics reveal a considerable rise in meat consumption. Hence, the consumption of meat is directly proportional to the growth of the natural feed additive market. These additives ensure that the livestock is disease-free and fit for human consumption.
Rising Disposable Income and Popularity of On-The-Go Food to Boost Growth of Natural Feed Additive Market
With growing urbanization and changing lifestyle trends across the globe, the food habits of individuals have changed considerably. The busy lifestyle is increasing the popularity of on-the-go foods. Thus this aspect may prove to be a great growth opportunity for the natural feed additive market.
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North America’s natural feed additive market is expected to gain expansive growth across the assessment period of 2019-2029 on the back of the massive number of meat-based processed food consumers.