MARKET REPORT 68 FEED & ADDITIVE MAGAZINE July 2022 US$2.4 billion in 2019, the average market size to be reached by 2027 will be around US$3.6. If we take the lowest market size forecast in 2020 (US$2.9 billion) and 6 reports for the years 202021-22, the average growth expectation will be 6.3%. In this case, the size of global feed preservatives market will be around US$3.4 billion in 2027. The numerical data revealed through the reports are only estimations based on current conditions. Legal regulations, consumer expectations or global problems such as the pandemic we have been experiencing for the last few years are possible changes that may affect the market. Therefore, such changes may lead to very serious differences in growth expectations in the coming years. MARKET DRIVERS & RESTRAINTS Increasing consumer demands for food of animal origin, increasing industrialization in livestock, animal health and safe food are listed as factors that will guide the market in the coming period. According to the report of MarketsandMarkets, the large-scale surging demand for livestock production on the global level has impacted the livestock industry. Drastic meat consumption, a rise in the need for meat and dairy products, and increased demand for eggs are some of the factors driving the "According to many reports, the cattle segment has the largest market share on a global scale. However, in some reports, the poultry segment also stands out. For example, MarketsandMarkets explains in its recently updated report that the largest market share in the feed preservatives market belongs to the poultry segment. According to the report, based on livestock, the poultry segment is estimated to hold the highest market share during 2022-27 forecast period."
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