Overview and Scope
STAY-C for feed refers to a crucial water-soluble antioxidant. It is used to provide high stability and ideal vitamin C levels in feed which is beneficial for reproduction, wound healing, growth, and development.
Sizing and Forecast
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.
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Segmentation & Regional Insights
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
Asia-Pacific was the largest region in the STAY-C for feed market in 2023. The regions covered in the stay-c for feed market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the stay-c for feed market report are Cargill Incorporated, Archer-Daniels-Midland Company, BASF SE, Charoen Pokphand Foods Public Company Limited, Evonik Industries AG, CP Group, Solvay Group, DSM, Guangdong Haid Group Co Ltd, ForFarmers N.V., Nutreco N.V., Chr. Hansen Holding A/S, New Hope Group, Balchem Corporation, Longxing Chemical Stock Co. Ltd., Spectrum Chemical Manufacturing Corporation, Plamed Group, Lallemand Inc., Polifar Group, Hugestone Enterprise Co. Ltd., Kangcare Bioindustry Co. Ltd., Shanghai Longyu Biotechnology Co. Ltd., Tianjin YR Chemspec Technology Co. Ltd., Ajinomoto Co. Inc., Hubei Artec Biotechnology Co. Ltd.
The stay-c for feed market report table of contents includes:
1. Executive Summary
2. STAY-C For Feed Market Characteristics
3. STAY-C For Feed Market Trends And Strategies
4. STAY-C For Feed Market – Macro Economic Scenario
5. Global STAY-C For Feed Market Size and Growth
…
32. Global STAY-C For Feed Market Competitive Benchmarking
33. Global STAY-C For Feed Market Competitive Dashboard
34. Key Mergers And Acquisitions In The STAY-C For Feed Market
35. STAY-C For Feed Market Future Outlook and Potential Analysis
36. Appendix
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