Medical Feed Additives Market Growth Forecast: Exploring Trends and Opportunities for the Next Decade
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How has the medical feed additives market grown over the years?
The market size for medical feed additives has seen a significant growth in the past few years. It is set to expand from $14.91 billion in 2024 to $16.07 billion in 2025, with a compound annual growth rate (CAGR) of 7.7%. Factors such as the enhancement of livestock health and productivity, disease prevention, the provision of nutritional supplements, and the rise in meat and dairy production have contributed to the growth during the historic period.
What Is the forecasted market size and growth rate for the medical feed additives market?
In the coming years, impressive expansion is anticipated for the medical feed additives market. It is projected to reach a value of $20.86 billion by 2029, with a compound annual growth rate (CAGR) of 6.7%. The surge in the projected timeline is linked to sustainable animal agriculture, antibiotic alternatives, precision livestock farming, and a focus on nutrition and health. Some key factors are expected to drive growth during the forecasting period, such as sustainability and animal welfare, precision nutrition, alternative protein sources, and emphasis on education and training.
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What are the major factors driving growth in the medical feed additives market?
The rise in disease epidemics among animals is fuelling the expansion of the medicated feed additives market. For example, in July 2023, the World Health Organization, a specialized Geneva-based arm of the United Nations that focuses on global public health governance, relayed reports from the World Organization for Animal Health. These reports revealed that 67 nations across five continents reported outbreaks of H5N1 high pathogenicity avian influenza in their livestock and wild bird populations in 2022. Consequently, around 131 million domestic fowl either succumbed to the disease or were culled in the affected establishments and surrounding areas. Feed additives boost the nutritional value of animal feed while also protecting them from diseases, thus increasing their demand.
What key areas define the segmentation of the global medical feed additives Market?
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
Subsegments:
1) By Antioxidants: Vitamin E, Vitamin C, Selenium, Other Antioxidants
2) By Antibiotics: Tetracyclines, Penicillins, Sulfonamides, Macrolides, Other Antibiotics
3) By Probiotics And Prebiotics: Lactobacillus, Bifidobacterium, Other Probiotics, Fructooligosaccharides (FOS), Galactooligosaccharides (GOS), Other Prebiotics
4) By Enzymes: Phytase, Protease, Amylase, Cellulase, Other Enzymes
5) By Amino Acids: Lysine, Methionine, Threonine, Tryptophan, Other Amino Acids
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What are the top market players propelling the growth of the medical feed additives industry?
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.
What are the key trends shaping the future of the medical feed additives market?
Businesses operating in the medicinal feed additives industry are beginning to release novel medicated feed additives, developed using a blend of two or more medicated feed additives. Over 70% of producers have now integrated more than one feed additive into their animal feed in an attempt to enhance product effectiveness. For instance, Zoetis, an international healthcare firm, received approval from the FDA (Food and Drug Administration) for their combined feed additive made from Cyden and Lincomix, set to be utilised as a medicated feed additive in poultry. Additionally, the FDA has also approved Zoetis’ amalgamation of feed additives, ACTOGAIN 45 (ractopamine hydrochloride) and ENGINE (ractopamine hydrochloride), which results in increased lean muscle, reduced fat and improved feed efficiency.
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What regions are dominating the medical feed additives market growth?
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
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