Medical Feed Additives Market Outlook 2024-2033: Trends and Projections
Medical Feed Additives Market Expansion 2024-2033: Growth Drivers and Dynamics
Global Medical Feed Additives Market Analysis 2024: Size Forecast and Growth Prospects
Medical Feed Additives Market 2024-2033: Technological Advancements, Competitive Landscape and Strategies
Global Medical Feed Additives Market Overview 2024: Size, Growth Rate, and Segments
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The medical feed additives global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Medical Feed Additives Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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.
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Scope Of Medical Feed Additives Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Medical Feed Additives Market Overview
Market Drivers –
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.
Market Trends –
Companies in the medical feed additives market are introducing new feed medicated additives formed as a result of a combination of two or more medicated feed additives. More than 70% of manufacturers are now using more than one feed additive in animal feed to increase the efficiency of the product. For instance, Zoetis, a global health company, got approval for its Cyden and Lincomix combination feed additive from the FDA (Food and Drug Administration) and it is proposed to be used as a medicated feed additive for poultry. Also, the FDA-approved combination of Zoetis’ feed additives ACTOGAIN 45 (ractopamine hydrochloride) and ENGINE (ractopamine hydrochloride) produces more lean muscle and less fat while optimising feed efficiency.
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
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Regional Insights –
North America was the largest region in the medical feed additives market in 2023. Asia-Pacific was the second-largest region in the medical feed additives market. The regions covered in the medical feed additives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the medical feed additives market include Zoetis Inc., Cargill Incorporated, CHS Inc., Purina Animal Nutrition LLC, Archer Daniels Midland Company, Adisseo France Sas, Alltech Inc., Hipro Animal Nutrtion, BASF SE, Biostadt India Limited, Zagro Co. Ltd., Koninklijke DSM NV, Novozymes AS, Nutreco N.V., Phillip Brothers Chemicals Inc., Evonik Industries AG, Diamond V, neovia logistics holdings Ltd., Delacon Biotech Nik GmbH, Abaxis Inc., Wen’s Food Group, Muyuan Foodstuff, BRF Brasil Foods, Tyson Foods, ForFarmers N.V, Kemin Industries, DuPont de Nemours Inc., Solvay SA, Ajinomoto Co. Inc., Chr. Hansen A/S, Red Nucleus, HI-PRO Feeds, Novus International Inc., Provimi Holding B.V., Lallemand Inc., Pancosma S.A., Trouw Nutrition International B.V., Anpario plc, Biovet JSC, BioResource International Inc.
Table of Contents
1. Executive Summary
2. Medical Feed Additives Market Report Structure
3. Medical Feed Additives Market Trends And Strategies
4. Medical Feed Additives Market – Macro Economic Scenario
5. Medical Feed Additives Market Size And Growth
…..
27. Medical Feed Additives Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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