Industry

Feed Additives Market Industry Analysis

The Medical Feed Additives Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).

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Medical Feed Additives Market Share Analysis, Growth, Forecast Report 2033 (thebusinessresearchcompany.com)

According to The Business Research Company’s Medical Feed Additives Global Market Report 2024, The medical feed additives market size has grown strongly in recent years. It will grow from $15.9 billion in 2023 to $17.28 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to livestock health and productivity, disease prevention, nutritional supplements, increased meat and dairy production.

The medical feed additives market size is expected to see strong growth in the next few years. It will grow to $23.58 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to sustainable animal agriculture, antibiotic alternatives, precision livestock farming, nutrition and health focus. Major trends in the forecast period include sustainability and animal welfare, precision nutrition, alternative protein sources, education and training.

An increase in the prevalence of diseases among animals is driving the growth of the medicated feed additives market. For instance, in July 2023, according to the World Health Organization, a Switzerland-based United Nations’ specialized structure responsible for the management of global public health, the World Organization for Animal Health received reports that H5N1 high pathogenicity avian influenza outbreaks in livestock and wild birds have been reported in 67 countries across five continents, with approximately 131 million domestic fowl died as a result of death or culling in affected facilities and neighborhoods in 2022. The additives help prevent animals from diseases alongside increasing the nutrition level of the feed, thereby increasing demand for feed additives.

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The medical feed additives market covered in this report is segmented –

1) By Type: Antioxidants; Antibiotics; Probiotics And Prebiotics; Enzymes; Amino Acids

2) By Mixture Type: Supplements; Concentrates; Premix Feeds; Base Mixes

3) By Class type: Type A; Type B; Type C

4) By Livestock: Ruminants; Poultry; Swine; Aquaculture

The medical feed additives market report table of contents includes: