The STAY-C For Feed Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The STAY-C For Feed Market:
https://www.thebusinessresearchcompany.com/report/stay-c-for-feed-global-market-report
According to The Business Research Company’s STAY-C For Feed Global Market Report 2024, The stay-c for feed market size has grown strongly in recent years. It will grow from $4.02 billion in 2023 to $4.39 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to livestock health concerns, regulatory compliance, rising meat consumption, feed efficiency emphasis, disease outbreaks.
The stay-c for feed market size is expected to see strong growth in the next few years. It will grow to $5.98 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to increasing focus on antibiotic alternatives, rising consumer demand for quality meat, environmental sustainability concerns, precision livestock farming, strategic alliances in the livestock industry. Major trends in the forecast period include technological advancements in feed additives, increased research and development, blockchain traceability in feed supply chain, plant-based additives, digitalization of feed management.
The increase in the demand for meat and poultry products is expected to boost the growth of the STAY-C for feed market going forward. Meat refers to animal flesh consumed as food, including fish, fowl, and poultry products. STACY-C is necessary to maintain the feed’s health and produce collagen, which supports the muscles, vascular tissues, bones, and cartilage. For instance, according to the Organization for Economic Co-operation and Development (OECD), a France-based intergovernmental organization to stimulate economic progress and world trade, the consumption of pork meat increased from 106.279 million tons in 2020 to 108.775 million tons in 2021. Moreover, in June 2022, according to Canada’s National Statistical Agency, a Canada-based government organization that provides vital information on social, cultural, and environmental concerns, poultry meat sales increased to $3.7 billion in 2021—a 14.9% increase from the previous year—for the seventh consecutive year. Similarly, 848.2 million dozen eggs were produced in Canada in 2021, a 1.1%-year increase. Therefore, the increase in the demand for meat and poultry products is driving the growth of the STAY-C for feed market.
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The stay-c for feed market covered in this report is segmented –
1) By Function: Single Functioned, Multi Functioned
2) By Formulation: Dry, Liquid, Other Formulations
3) By Livestock: Swine, Ruminants, Poultry, Aquatic Animals, Other Livestock
Major companies operating in the stay-c-for feed market are focusing on product innovations such as essential oils into its chicken feed and Nutrena Naturewise to better meet the needs of their existing consumers. Essential oils in chicken feed offer various health benefits and promote overall well-being . For instance, in October 2021, Cargill Inc., a US-based food corporation, enhanced Nutrena NatureWise by adding essential oils. The natural essential oils help to improve egg production, weight, and size, as well as make the eggs more palatable and smell fresh right out of the bag. Apart from enhancing egg weight, size, and feed palatability, NatureWise feeds also include a patented component blend called FlockShield that boosts immunity and promotes gut health.
The stay-c for feed market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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