Global Medical Feed Additives Market to Reach $40.5 Billion by 2030
The global market for Medical Feed Additives estimated at US$19.4 Billion in the year 2023, is expected to reach US$40.5 Billion by 2030, growing at a CAGR of 11.1% over the analysis period 2023-2030. Antioxidants, one of the segments analyzed in the report, is expected to record a 11.4% CAGR and reach US$12.4 Billion by the end of the analysis period. Growth in the Antibiotics segment is estimated at 10.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $5.1 Billion, While China is Forecast to Grow at 14.4% CAGR
The Medical Feed Additives market in the U.S. is estimated at US$5.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.4 Billion by the year 2030 trailing a CAGR of 14.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.6% and 9.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 8.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$6.3 Billion by the year 2030.
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