Press release
Medical Feed Additives Market 2024-2033: Demand, Forecast & Competitive Landscape
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.
Market Overview -
Medical feed additives are various types of products used in animal nutrition to improve the nutritional content and quality of feed, or to improve the health and performance of animals. They help improve the nutritional content and quality of feed, resulting in higher productivity and disease prevention.
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Rising Animal Disease Prevalence Drives Surge In Medicated Feed Additives Market
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.
Competitive Landscape -
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.
Innovative Combinations In Medicated Feed Additives Enhance Animal Health And Efficiency
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.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/medical-feed-additives-global-market-report
Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
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Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
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.
Market Overview -
Medical feed additives are various types of products used in animal nutrition to improve the nutritional content and quality of feed, or to improve the health and performance of animals. They help improve the nutritional content and quality of feed, resulting in higher productivity and disease prevention.
Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=2452&type=smp
Rising Animal Disease Prevalence Drives Surge In Medicated Feed Additives Market
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.
Competitive Landscape -
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.
Innovative Combinations In Medicated Feed Additives Enhance Animal Health And Efficiency
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.
Browse Full Report @
https://www.thebusinessresearchcompany.com/report/medical-feed-additives-global-market-report
Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
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