Most of the meat production is happening in the developing countries and they account for 80% of the additional output. The OECD-FAO Agricultural Outlook 2020-2029 reports that the production of meat worldwide is estimated to grow by around 40 Mt by 2029, reaching 366 Mt. One of the major factors which are anticipated to propel the growth of the compound feed market is the rising consumption of meat production around the world and the growing demand for it in various countries. Furthermore, the rising awareness among the livestock farmers regarding the nutritional requirements of the livestock has led to high demand for compound feed which is anticipated to augment the growth of the compound feed market during the forecast period. The rising awareness regarding the benefits of quality protein is surging the demand for high-quality meat and hence various livestock farmers are feeding their animals with compound feed so that the animals have high-quality protein content in their meat. The compound feed market is expected to grow at a compound annual growth rate of 3.76% over the forecast period to reach a market size of US$442.002 billion in 2026 from US$341.361 billion in 2019. 28, 2021 (GLOBE NEWSWIRE) - The "Compound Feed Market - Forecasts from 2021 to 2026" report has been added to 's offering.
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