Global Feed Market Size Projected To Exceed $90 Billion During 2020-2024
China Xiangtai Food Co., Ltd. - Ordinary Shares (PLIN)
Company Research
Source: PR Newswire
PALM BEACH, Florida, March 26, 2020 /PRNewswire/ -- Numerous recent reports have projected that the worldwide feed market will continue to show growth for the next several years. A report from Mordor Intelligence said that The Compound Feed Market is projected to grow at a CAGR of 4.8% from 2020 through 2025. The growing demand for meat and aquaculture products is the major driving force behind the growth of the compound feed market. Increased awareness regarding quality meat and milk products and increased livestock production are two other factors augmenting the growth of the market studied. The growing demand for meat and aquaculture products is helping to sustain the growth. Compound feed is a mixture of raw materials and supplements fed to the livestock, sourced from either plant, animal, organic or inorganic substances, or industrial processing, whether or not containing additives. While soybean, corn, barley, wheat, and sorghum are the most commonly used raw materials, vitamins
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