Market Size of Russia Feed Additives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.40 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Russia Feed Additives Market Analysis
The Russia feed additives market is projected to register a robust CAGR of 4.4%, over the forecast period of 2020-2025. With increased meat consumption and demand for quality nutritional products, the market is afloat. Growing Commercial production of animals to satisfy the increasing consumer demand for meat will drive the market during the study period. To meet the local demands Russia continues to import animal produce. According to ITC Trade, in 2018, Russia imported 246,803 tons of animal feed which increased to 251,462 tons in 2019.
Due to increased government attention toward the development of the agricultural and livestock sector of the country, the sector is expected to receive immense financial support. Some of the leading players in the market are Lallemand Inc., Chr. Hansen Holding A/S, Kemin Industries Inc., Cargill Inc., and Alltech Inc.
