Global STAY-C For Feed Market Growth Overview For 2024-2033
The Business Research Company's Short STAY-C For Feed Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
LONDON, GREATER LONDON, UK, July 3, 2024 /EINPresswire.com/ -- The STAY-C for feed market, a crucial water-soluble antioxidant enhancing stability and vitamin C levels in animal feed, is witnessing robust growth. From $4.02 billion in 2023, the market is set to reach $4.39 billion in 2024, reflecting a compound annual growth rate (CAGR) of 9.1%. This growth trajectory is driven by increasing concerns over livestock health, regulatory compliance, rising meat consumption, emphasis on feed efficiency, and outbreaks of animal diseases.
Rising Demand for Quality Meat and Antibiotic Alternatives Fuel Market Expansion
The forecast period through 2028 anticipates continued strong growth, projecting the market size to expand to $5.98 billion, growing at a CAGR of 8.1%. This growth is bolstered by rising consumer demand for antibiotic-free meat, environmental sustainability initiatives, precision livestock farming practices, and strategic alliances within the livestock industry. Key trends include advancements in feed additives, enhanced research and development efforts, adoption of blockchain for feed traceability, plant-based additives, and digitalization of feed management systems.
Explore the global STAY-C for feed market with a detailed sample report: https://www.thebusinessresearchcompany.com/sample_request?id=12007&type=smp
Impact of Increasing Animal Diseases on Market Growth
The surge in animal diseases globally underscores the importance of products like STAY-C in promoting animal health. As reported by the Welsh Government, Wales saw a notable increase in Tuberculosis cases among herds, rising by 8.5% from 2022 to 2023. Similarly, the World Health Organization highlighted a 64% increase in zoonotic cases in Africa in July 2022. These incidents drive the demand for vitamin C-enriched feeds that aid in wound healing, immunity, and disease resistance.
Key Players and Market Dynamics
Major companies shaping the STAY-C for feed market landscape include Cargill Incorporated, Archer-Daniels-Midland Company, BASF SE, Charoen Pokphand Foods Public Company Limited, and DSM. These industry leaders focus on innovation and strategic partnerships to enhance product offerings and market presence.
Market Segmentation
The STAY-C for feed market is segmented based on:
• Function: Single Functioned, Multi Functioned
• Formulation: Dry, Liquid, Other Formulations
• Livestock: Swine, Ruminants, Poultry, Aquatic Animals, Other Livestock
Regional Insights
Asia-Pacific emerged as the largest region in the STAY-C for feed market in 2023, driven by its vast livestock population and increasing meat consumption. The comprehensive report provides detailed insights into regional dynamics, market trends, and growth opportunities across Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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STAY-C For Feed Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The STAY-C For Feed Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on stay-c for feed market size, stay-c for feed market drivers and trends, stay-c for feed market major players, competitors' revenues, market positioning, and market growth across geographies. The stay-c for feed market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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