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Latin America Animal Feed Additives Market size exceeded USD 2.5 billion in 2020 and is estimated to grow at a CAGR of over 5.5% through 2027. Rising awareness of animal feed additives among livestock farmers is projected to drive overall market growth.<br>
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Latin America Animal Feed Additives Market Expected to Witness the Highest Growth 2027
About Latin America Animal Feed Additives Market • Latin America Animal Feed Additives Market size exceeded USD 2.5 billion in 2020 and is estimated to grow at a CAGR of over 5.5% through 2027. Rising awareness of animal feed additives among livestock farmers is projected to drive overall market growth. • Animal feed additives play an important role in animal nutrition by enhancing the yield & quality of feed and ensures improved animal health & performance. Animal feed suppresses harmful microbes and helps to promote beneficial microorganism’s growth, thus boosting gut health and effective digestive & immunoregulatory mechanism.
A rise in financial support for farmers to undertake various agribusinesses, such as livestock and poultry, is likely to raise the demand for cost-effective animal nutrition products, thereby driving the animal feed additives market size in Latin America.
Key Players - Latin America Animal Feed Additives Market • ADM • DSM • BASF SE • Alltech Inc. • Evonik Industries AG • Kemin Industries • Cargill Incorporated • Dupont
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