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Global Medical Feed Additives Market 2023 | Industry Size, Share Analysis, Trends And Forecast To 2032
Medical Feed Additives Market Analysis
The Business Research Company's Medical Feed Additives Global Market Report 2023 identifies increase in the prevalence of diseases among animals as the major driver for the medical feed additives market's growth in the forecast period. 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.
The global medical feed additives market size will grow from $14.38 billion in 2022 to $15.6 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. 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 global medical feed additives market size is expected to grow to $20.75 billion in 2027 at a CAGR of 7.4%.
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Major competitors in the medical feed additives market are Zoetis Inc., Cargill, Incorporated, CHS Inc., Purina Animal Nutrition, Archer Daniels Midland Company, Adisseo France Sas.
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The medical feed additives market is segmented -
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
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the medical feed additives market.
The Business Research Company's "Global Medical Feed Additives Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Medical Feed Additives Market Include:
1. Executive Summary
2. Medical Feed Additives Market Characteristics
3. Medical Feed Additives Market Trends And Strategies
4. Medical Feed Additives Market - Macro Economic Scenario
5. Medical Feed Additives Market Size And Growth
…..
26. Africa Medical Feed Additives Market
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
30. Appendix
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