Animal Feed Micronutrients Market Reaches $1,476.3 Million by 2019 with Growth in Asia Pacific - Report By MarketsandMarkets
(PRWEB) February 22, 2015 -- The report published by MarketsandMarkets provides information about the growth trends and revenue forecasts for the Animal Feed Micro-nutrients Market. It segments the global market based on its major components and informs about the growth drivers and restraints for the key players in the market. According to the report, this market is poised to witness steady growth with rising demand and urbanization around the world.
Explore Animal Feed Micronutrients Market through thorough TOC, figures and data tables spread across 185 report pages.
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This report on the animal feed micronutrients market report identifies the major business opportunities and challenges for the key players. It segments the market on the basis of the types of animals, nutrients and their demand across different geographic regions.
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Micronutrients are the source of energy, protein, minerals, and vitamins. They perform multifaceted functions in animal production and growth and also contribute in enzyme system operation. According to the report, the Asia Pacific region is expected to top the consumption chart of the global animal feed micronutrients market. Overall value of the global market is expected to grow at a healthy CAGR of 6.1% by 2019. China is projected to emerge as the market leader for the Asia Pacific region. According to the report, increasing demand for meat and rapid rate of urbanization are expected to be the major driving factors for the market in this region.
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This MarketsandMarkets report expects the global animal feed micronutrients market to become worth $1476.3 million by 2019. Asia Pacific region is expected to dominate the global demand with impressive rise in demand from different developing countries of the world.
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