Comprehensive Medicated Feed Additives Market Analysis 2024: Size, Share, And Key Trends
Save up to 30% on The Business Research Company’s comprehensive market research reports for a limited time only!
What is the Expected Growth Rate of the Medicated Feed Additives Market from 2024 to 2033?
In recent times, the market size for medicated feed additives has seen robust growth. The market is projected to expand from $13.04 billion in 2023 to $13.8 billion in 2024, at a compound annual growth rate (CAGR) of 5.8%. The historical growth of this market is linked to factors such as the occurrence of diseases in animals, the enhancement of feed efficiency, government regulations on feed safety, the international expansion of the feed additives market, and its preventive application in disease control initiatives.
In the forthcoming years, the market size for medicated feed additives is projected to witness significant growth, escalating to $16.81 billion in 2028 at a 5.1% compound annual growth rate (CAGR). This expected development during the forecast period is linked to various factors such as the increase in aquaculture production, attention towards gut health and digestive functionality, sustainable and ethical farming practices, research in antimicrobial peptides, and worldwide endeavors in disease eradication. The forecast period also anticipates pervasive investments in research & development, product advancements, and innovation in the animal feed sector as prominent trends.
Claim Your Free Sample of the Global Medicated Feed Additives Market Report Today!
https://www.thebusinessresearchcompany.com/sample.aspx?id=10253&type=smp
What Key Factors Are Fueling the Growth of the medicated feed additives Market?
The upswing in the consumption of poultry products is predicted to accelerate the growth of the medicated feed additives market in the future. Poultry products are any product made entirely or partially from any poultry carcass, even those containing a small portion of poultry ingredients. Medicated feed additives are utilized to avert and address coccidiosis and necrotic enteritis; two diseases affecting the intestinal tract of animals and poultry, respectively. Therefore, as poultry product consumption swells, the requirement for medicated feed additives to maintain poultry health will also expand. Evidently, in August 2022, the United States Department of Agriculture, which is a U.S federal executive department, disclosed that 14.2 million metric tons of poultry were imported globally in 2021. These figures are projected to swell by 24%, reaching 17.5 million metric tons by 2031. Thus, the elevated consumption of poultry products is powering the growth of the medicated feed additives market.
What Are the Major Segments of the Medicated Feed Additives Market?
1) By Type: Antibiotics, Vitamins, Antioxidants, Amino Acids, Prebiotics, Probiotics, Enzymes, Other Types
2) By Animal Type: Ruminants, Swine, Poultry, Aquaculture, Other Animal Types
3) By Mixture Type: Supplements, Concentrates, Premixes, Base Mixes
What New Trends Are Transforming the Medicated Feed Additives Market?
A significant trend emerging in the medicated feed additives market is product innovation. Leading market participants are focusing on innovating new products, such as the creation of new active ingredients, the employment of alternate delivery systems, combination items, and precision treatments. For instance, in October 2021, Cargill, an international food corporation based in the US, introduced Nutrena Naturewise, a crucial oil in chicken feed for enhancing flock health and boosting egg production. This addition improves egg weight, size, and production while enhancing egg taste and freshness.
Order Now for Fast Delivery of Your Medicated Feed Additives Market Report!
https://www.thebusinessresearchcompany.com/report/medicated-feed-additives-global-market-report
Which Regions Are Driving Growth in the Medicated Feed Additives Market?
Asia-Pacific was the largest region in the medicated feed additives market in 2023. The regions covered in the medicated feed additives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Medicated Feed Additives Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the medicated feed additives market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Medicated Feed Additives Market Include
1. Medicated Feed Additives Market Executive Summary
2. Medicated Feed Additives Market Segments
3. Medicated Feed Additives Market Size And Template Market Growth Rate
4. Key Medicated Feed Additives Market Trends
5. Major Medicated Feed Additives Market Drivers
……
25. Key Mergers And Acquisitions In The Medicated Feed Additives Market
26. Top Medicated Feed Additives Companies
27. Medicated Feed Additives Market Opportunities And Strategies
28. Medicated Feed Additives Market, Conclusions And Recommendations
29. Appendix
Discover Related Reports by The Business Research Company:
Healthcare Services Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/healthcare-service-global-market-report
Healthcare Reimbursement Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/healthcare-reimbursement-global-market-report
Healthcare Personal Protective Equipment Global Market Report 2024
Learn More About The Business Research Company
The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
