Medical Feed Additives Market Is Expected To Reach $16.65 Billion By 2025 | Global Outlook And Key Growth Strategies
The medical feed additives market report describes and explains the global medical feed additives market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
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The medical feed additives market consists of sales of medical feed additives and related services in order to prepare complete food for animals. Medical feed additives help improve the nutritional content and quality of feed, results in better productivity, and prevents animals from diseases. Medical feed additives industry includes companies that produce animal feed additives such as vitamins and probiotic, preservatives, antioxidants, digestibility enhancers, gut flora stabilizers and others.
The global medical feed additives market is expected to grow from $11.2 billion in 2020 to $13.3 billion in 2021 at a compound annual growth rate (CAGR) of 18.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $16.65 billion in 2025 at a CAGR of 5.8%.
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Some of the major players of the medical feed additives market are Zoetis Inc., Cargill, CHS Inc., Purina Animal Nutrition (Land O' Lakes) and Archer Daniels Midland Company.
The countries covered in the global medical feed additives market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global medical feed additives market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The global medical feed additives market is segmented -
1) By Type: Antioxidants, Antibiotics, Probiotics & 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
Read More On The Global Medical Feed Additives Market Report:
Few Points From Table Of Content
1. Executive Summary
2. Medical Feed Additives Market Characteristics
3. Medical Feed Additives Market Trends And Strategies
4. Impact Of COVID-19 On Medical Feed Additives
5. Medical Feed Additives Market Size And Growth
27. Medical Feed Additives Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Medical Feed Additives Market
29. Medical Feed Additives Market Future Outlook and Potential Analysis
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