An Extensive Study on China Feed Additives Market
In 2022, the China feed additives market is projected to reach US$ 4.956 billion, increasing from US$ 3.394 billion in 2016, growing at a CAGR of 6.51% during this period. The China feed additives market has recorded tremendous growth rates and is expected to be the global leader in the industry by the end of the forecast period.
Being the worlds largest producer and consumer in the livestock sector, It is predicted that China's consumption of meat and dairy products will continue to climb sharply due to a rising population, strong growth in per capita income, improvement in domestic meat and dairy production systems, greater access to meat and dairy products due to better transportation and distribution systems, shifting consumption patterns.
China feed additive market has been segmented on the basis of product and livestock as follows: By Product Type, And By Livestock.