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According to The Business Research Company’s Medical Feed Additives Global Market Report 2023, the global medical feed additives market is set to expand from $14.38 billion in 2022 to $15.6 billion in 2023, with a compound annual growth rate (CAGR) of 8.5%. The market size is projected to further increase to $20.75 billion by 2027, maintaining a CAGR of 7.4%.

What was the key driver in the medical feed additives market?
The Upsurge In Animal Diseases is a major catalyst for the growth of the medicated feed additives market. As indicated by the Animal and Plant Health Agency’s report, England observed a total of 3289 new TB herd incidents, denoting instances where bovine TB emerged due to herd or individual animal tests within officially TB-free herds. Bovine tuberculosis, affecting various mammals including cattle, inflicts chronic symptoms like illness, coughing, and eventual fatality. Concurrently, the reported herd incidence rate for England, for the year ending September 2020, stood at 9.4. Medicated feed additives aid in disease prevention and amplify feed nutrition, leading to increased demand for these additives.

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What was the key trend in the medical feed additives market?
Market players are introducing innovative feed medicated additives formed by combining two or more medicated feed additives. Over 70% of manufacturers are employing multiple feed additives to enhance product efficacy. For instance, Zoetis, a global health company, secured FDA (Food and Drug Administration) approval for its Cyden and Lincomix combined feed additive. This combination is proposed for medicated feed use in poultry. Additionally, Zoetis’ FDA-approved feed additive combination ACTOGAIN 45 (ractopamine hydrochloride) and ENGINE (ractopamine hydrochloride) enhances lean muscle mass, reduces fat, and optimizes feed efficiency.

Which was the largest region in the medical feed additives market?
North America dominated the medical feed additives market in 2022. Asia-Pacific ranked as the second-largest region globally. Covered regions in the global medical feed additives report encompass Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Who are the medical feed additives market prominent players?
Key players in the medical feed additives market include Zoetis Inc., Cargill, Incorporated, CHS Inc., Purina Animal Nutrition, Archer Daniels Midland Company, Adisseo France Sas, Alltech Inc., Hipro Animal Nutrition, BASF SE, and Biostadt India Limited. Countries featured in the medical feed additives market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.

Key medical feed additives market segments
1) By Type: Antioxidants, Antibiotics, Probiotics And Prebiotics, Enzymes, Amino Acids
2) By Livestock: Ruminants, Poultry, Swine, Aquaculture
3) By Mixture Type: Supplements, Concentrates, Premix Feeds, Base Mixes
4) By Class type: Type A, Type B, Type C

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The Medical Feed Additives Global Market Report 2023 presents an exhaustive analysis of market size, trends, drivers, opportunities, strategies, and company profiles. Covered countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, across regions like Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Feed Premix Global Market Report 2023
Probiotics In Animal Feed Global Market Report 2023
Animal Growth Promoters And Performance Enhancers Global Market Report 2023

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