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Medical Feed Additives Market Anticipated To Witness Robust Growth, Surpassing $20.86 Billion By 2029
Medical Feed Additives
What Is the Current Medical Feed Additives Market Size and Its Estimated Growth Rate?
The medical feed additives market has grown significantly in recent years. It will increase from $14.91 billion in 2024 to $16.07 billion in 2025, reflecting a CAGR of 7.7%. This growth is driven by factors such as improving livestock health and productivity, disease prevention, the use of nutritional supplements, and growing meat and dairy production.
The medical feed additives market is projected to see strong growth, growing to $20.86 billion by 2029, at a CAGR of 6.7%. This growth can be attributed to sustainable animal agriculture practices, the use of antibiotic alternatives, precision livestock farming, and a focus on animal nutrition and health. Key trends include sustainability and animal welfare, precision nutrition, alternative protein sources, and education and training.
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How Are Emerging Segments Shaping the Medical Feed Additives Market Landscape?
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
Subsegments:
1) By Antioxidants: Vitamin E, Vitamin C, Selenium, Other Antioxidants
2) By Antibiotics: Tetracyclines, Penicillins, Sulfonamides, Macrolides, Other Antibiotics
3) By Probiotics And Prebiotics: Lactobacillus, Bifidobacterium, Other Probiotics, Fructooligosaccharides (FOS), Galactooligosaccharides (GOS), Other Prebiotics
4) By Enzymes: Phytase, Protease, Amylase, Cellulase, Other Enzymes
5) By Amino Acids: Lysine, Methionine, Threonine, Tryptophan, Other Amino Acids
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Which Growth Factors Are Influencing Medical Feed Additives Market Expansion?
The rise in animal disease outbreaks is boosting the medicated feed additives market. For example, in July 2023, the WHO reported that the H5N1 avian influenza affected 67 countries, leading to the death or culling of around 131 million domestic birds. Medicated feed additives help prevent diseases and improve feed nutrition, increasing their demand.
Who Are the Dominant Players Across Different Medical Feed Additives Market Segments?
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.
What Are the Latest Developing Trends in the Medical Feed Additives Market?
The medical feed additives market is witnessing the development of combination medicated additives that enhance the effectiveness of animal feed. Over 70% of manufacturers are now using multiple additives in feed products. For example, Zoetis received FDA approval for a combination feed additive, Cyden and Lincomix, for poultry, as well as the ACTOGAIN 45 and ENGINE combination, which optimize muscle growth and feed efficiency.
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Which Geographic Regions Are Expected to Dominate the Medical Feed Additives Market in the Coming Years?
North America was the largest region in the medical feed additives market in 2023. Asia-Pacific was the second-largest region in the medical feed additives market. The regions covered in the medical feed additives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Medical Feed Additives Market?
2. What is the CAGR expected in the Medical Feed Additives Market?
3. What Are the Key Innovations Transforming the Medical Feed Additives Industry?
4. Which Region Is Leading the Medical Feed Additives Market?
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