May 18, 2022, 00:26 EST
Shibuya-ku, Tokyo, Japan, Japan, May 18, 2022, 00:26 /Comserve / -- According to the latest research by InsightAce Analytic, the global market for Animal Microbiome was valued at US$ 5,062.6 Mn and it is expected to reach US$ 9,577.0 Mn in 2028, recording a promising CAGR of 7.6% during the period of 2022-2031.
InsightAce Analytic Pvt. Ltd. announces the release of market assessment report on “Global Animal Microbiome Market Assessment – Revenue (US$ Mn) Forecast Till 2031”
According to the latest research by InsightAce Analytic, the global market for Animal Microbiome was valued at US$ 5,062.6 Mn and it is expected to reach US$ 9,577.0 Mn in 2028, recording a promising CAGR of 7.6% during the period of 2022-2031. In the current scenario, the animal microbiome market is at introductory phase with growing research and development activities and early product offerings.
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A key driving factor for the global animal feed market is the rising meat consumption across globe. Moreover, rising awareness about antibiotic free animal derived products has opened up alternative option of microbiome to improve the animal health and wellbeing. Furious research and development activities in animal microbiome has posed a key potential to meet the demand during the forecast period. Research/product development companies in the market form strategic alliances with key pharmaceutical vendors to seek the investment and tap potential markets upcoming forecast years. For instance, in 2016, Organo Bioscience acquired by Novozymes to strengthen position in microbial solutions.
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Why should buy this report:
- To receive a comprehensive analysis of the prospects for global Animal Microbiome market
- To receive industry overview and future trends Animal Microbiome market
- To analyse the Animal Microbiome market drivers and challenges
- To get information on Animal Microbiome market size value/revenue (US$ Mn) forecast till 2028
- Major Investments, Mergers & Acquisition in Animal Microbiome industry.
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