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Medical Feed Additives Global Market Analysis, Trends, Growth, Research And Forecast 2033
Medical Feed Additives Global Market
As per the report, the medical feed additives market size has grown strongly in recent years. It will grow from $15.9 billion in 2023 to $17.28 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The medical feed additives market size is expected to see strong growth in the next few years. It will grow to $23.58 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%.
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Rising Animal Disease Prevalence Drives Surge In Medicated Feed Additives Market
An increase in the prevalence of diseases among animals is driving the growth of the medicated feed additives market. For instance, in July 2023, according to the World Health Organization, a Switzerland-based United Nations' specialized structure responsible for the management of global public health, the World Organization for Animal Health received reports that H5N1 high pathogenicity avian influenza outbreaks in livestock and wild birds have been reported in 67 countries across five continents, with approximately 131 million domestic fowl died as a result of death or culling in affected facilities and neighborhoods in 2022. The additives help prevent animals from diseases alongside increasing the nutrition level of the feed, thereby increasing demand for feed additives.
Innovative Combinations In Medicated Feed Additives Enhance Animal Health And Efficiency
Companies in the medical feed additives market are introducing new feed medicated additives formed as a result of a combination of two or more medicated feed additives. More than 70% of manufacturers are now using more than one feed additive in animal feed to increase the efficiency of the product. For instance, Zoetis, a global health company, got approval for its Cyden and Lincomix combination feed additive from the FDA (Food and Drug Administration) and it is proposed to be used as a medicated feed additive for poultry. Also, the FDA-approved combination of Zoetis' feed additives ACTOGAIN 45 (ractopamine hydrochloride) and ENGINE (ractopamine hydrochloride) produces more lean muscle and less fat while optimising feed efficiency.
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
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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.
Contents of the report:
1. Executive Summary
2. Medical Feed Additives Market Report Structure
3. Medical Feed Additives Market Trends And Strategies
4. Medical Feed Additives Market - Macro Economic Scenario
5. Medical Feed Additives Market Size And Growth
…..
27. Medical Feed Additives Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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