Market Size of South America Feed Probiotics Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 5.60 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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South America Feed Probiotics Market Analysis
The South America Feed Probiotics Market is projected to register a CAGR of 5.6% during the forecast period 2020-2025. Increasing consumer awareness regarding scientific animal nutrition is the major driving force behind the growth of the probiotic industry. Increase in industrialized livestock production, and the increasing demand for animal-based protein sources are the factors augmenting the growth of the market studied.