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Animal Feed Micronutrient Market to Grow at CAGR of 6.8% through 2026

  Animal feed micronutrients are the nutrients that are needed in trace amounts by the body for optimal growth of an organism. Though micronutrients are required in trace amounts, they are the body’s utmost necessity for proper functioning. Micronutrients can play a key role in the body for metabolic activities and enhancing immunity power of the body. These micronutrients are vital animal food substances for improving the growth, health and milk yield of the animal, which are unable to gain from traditional foods. Rising demand for micronutrients, meat export, and rapid urbanization will escalate the growth of global market in the near future. As per the Research Dive statistics of research report, the  global animal feed micronutrient market  is anticipated to rise at a  CAGR of 6.8%  during the forecast period. The top gaining players of the global market are adopting various strategies such as mergers & acquisitions, joint ventures, and R&D activities to upsurge the growth

Animal feed micronutrient Grows interest of maintaining the pet animals

  Animal feed micronutrient market According to a new report published by Research Dive, the global  animal feed micronutrient market  forecast will be $2,322.3 million by 2026, is rising from $1,372.0 million in 2018, and at a 6.8% CAGR. Increasing micronutrient requirements from animal feed industry is the significant animal feed micronutrient market trend. Animal feed micronutrient market insights The global animal feed micronutrient market is majorly driven by the increase in the volume of micronutrient consumed in the animal feed industry to provide meat and products to the consumers. Growing interest of maintaining the pet animals, increasing the expenditure on animal nutrition are driving the growth of the animal feed micronutrient market in the coming years. According to the Food and Agriculture Organization (FAO), in 2018, the global meat production reached about 327 metric tons, and is 1.7% higher than the previous year. Furthermore, the rising request for animal protein from