The Global Medical Feed Additives Market Report by The Business Research Company covers medical feed additives market drivers and restraints, medical feed additives market size, major players, and the impact of COVID-19 on the medical feed additives market.
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.
Increase in prevalence of diseases among animals is driving the growth of the medicated feed additives market According to the estimates from report by Animal and Plant Health Agency, a total of 3289 number of new TB herd incidents were detected in England.
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 medical feed additives market trends include the introduction of new feed medicated additives which are formed as a result of 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.
Global medical feed additives market segments include:
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.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Medical Feed Additives Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides medical feed additives market overviews, analyzes and forecasts market size, share, medical feed additives market players, medical feed additives market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The medical feed additives market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Medical Feed Additives Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Zoetis Inc., Cargill, Incorporated, CHS Inc., Purina Animal Nutrition , Archer Daniels Midland Company, Adisseo France Sas, Alltech Inc. , Hipro Animal Nutrtion, BASF SE, Biostadt India Limited, Zagro, Koninklijke DSM N.V, Novozymes A/S, Nutreco N.V., Phibro, Evonik Industries AG, Diamond V, Neovia, Delacon, Abaxis, Wen’s Food Group, Muyuan Foodstuff, BRF, Tyson Foods, ForFarmers N.V.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Medical Feed Additives Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Medical Feed Additives Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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