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Medicated Feed Additives Market 2023 - New Opportunities, Size, Share, Trend Analysis, Key Drivers, And Forecast To 2032
Medicated Feed Additives Market Analysis
Medicated Feed Additives Market Size, Growth Rate, And Forecast
The global medicated feed additives market size is expected to grow from $12.27 billion in 2022 to $13.04 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The medicated feed additives market size is expected to reach $15.89 billion in 2027 at a CAGR of 5.1%.
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Medicated Feed Additives Market Drivers
An increase in the rise in consumption of poultry products is expected to propel the growth of the medicated feed additives market going forward. The term poultry product refers to any poultry carcass or any product made entirely or partially from any poultry carcass, including those containing a very modest percentage of poultry ingredients. Medicated feed additives are used to prevent and treat coccidiosis, a parasitic disease of the intestinal tract of animals caused by coccidian protozoa and necrotic enteritis, enteric disease of poultry. Hence, the rise in consumption of poultry products will increase the demand for medicated feed additives to keep the poultry healthy.
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Medicated Feed Additives Market Segments
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
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the medicated feed additives market.
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Medicated Feed Additives Market Key Players
Major competitors in the medicated feed additives market include Archer-Daniels-Midland Company (ADM), Cargill Incorporated., CHS Inc., Zoetis Services LLC.
The Business Research Company's "Global Medicated Feed Additives Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Medicated Feed Additives Market Include:
1. Executive Summary
2. Medicated Feed Additives Market Characteristics
3. Medicated Feed Additives Market Trends And Strategies
4. Medicated Feed Additives Market - Macro Economic Scenario
5. Medicated Feed Additives Market Size And Growth
…………
26. Africa Medicated Feed Additives Market
27. Medicated Feed Additives Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Medicated Feed Additives Market
29. Medicated Feed Additives Market Future Outlook and Potential Analysis
30. Appendix
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