The vitamin E market value may exceed $3 billion in annual remuneration by 2026 driven by robust growth of the animal feed industry along with rapid advancements in biotechnology, according to Global Market Insights Inc.
The astaxanthin market is expected to grow as manufacturers from multiple industry sectors adopt growth-driven marketing strategies. Food and animal feed manufacturers are utilizing its benefits to enhance colorization and increase fertilization and survival rates in aquaculture farming, among other usages.
Despite the proliferating trend of veganism, meat consumption remains consistent worldwide. Today, the intake stands at around 350 million tons annually. A reliable source anticipates global meat consumption to reach between 460 million to 570 million tons by 2050.
The demand for seafood protein is anticipated to grow profusely, as is the consumption of seafood, which is influencing the global market outlook for the aquafeed and aquaculture additives industry.
Increasing attention toward improving domestic crop production will significantly influence the biostimulants market expansion, which is expected to record over $6.5 billion in annual remuneration by 2028.
Global Market Insights Inc. says that the plant milk market size is anticipated to exceed $21 billion in yearly revenue by 2026, propelled by stringent regulations governing the food and beverage industry in Europe and the Middle East.
