The medical feed additives market report from The Business Research Company covers growth-driving insights such as medical feed additives market size, medical feed additives market trends and drivers, medical feed additives market segmentation, medical feed additives market competitive landscape and more

The medical feed additives market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 6%, as per The Business Research Company’s market report!

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The Medical Feed Additives Market Size In 2022 And Forecast

The global medical feed additives market is expected to grow from $12.76 billion in 2021 to $14.09 billion in 2022 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The global medical feed additives market size is expected to grow to $18.12 billion in 2026 at a CAGR of 6.5%.

The medical feed additives market consists of sales of medical feed additives and related services to prepare complete food for animals.

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An Increase In The Prevalence Of Diseases Among Animals Is Driving The Growth Of The Medical Feed Additives Market

According to estimates from a report by the Animal and Plant Health Agency, a total of 3289 new TB herd incidents were detected in England. A new herd incident is a case of bovine TB that occurs as a result of a herd or individual animal test performed in an officially TB-free (OTF) herd during the study period. Bovine tuberculosis is a chronic disease that usually affects animals such as cattle, but it can affect all mammals, causing illness, coughing, and eventual death. Moreover, according to the reports, the herd incidence rate in England for the 12 months to September 2020 was 9.4. The additives help prevent animals from diseases alongside increasing the nutrition level of the feed, thereby increasing demand for feed additives.

Competitive Landscape And The Regional Analysis Of The Medical Feed Additives Market

Major players in the medical feed additives market are Zoetis Inc., Cargill, Incorporated, CHS Inc., Purina Animal Nutrition, Archer Daniels Midland Company, Adisseo France Sas, Alltech Inc., Hipro Animal Nutrition, BASF SE, Biostadt India Limited.

Additionally, as per TBRC’s research – North America was the largest region in the medical feed additives market in 2021 holding the largest market share.

The Medical Feed Additives Global Market Report 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the medical feed additives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the medical feed additives market.

Technological Advancement – A Key Trend In The Medical Feed Additives Market

The medical feed additives market is regulated by government agencies that lay down regulations to be followed by all manufacturers of veterinary medicines.

Medical Feed Additives Market Segmentation By The Business Research Company

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

Here Are Some Reports Related To The Medical Feed Additives Market –

Veterinary Antibiotics Global Market Report 2022

Nutritional Feed Additives Global Market Report 2022

Animal Medicine Global Market Report 2022

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