GITNUX MARKETDATA REPORT 2024

Feed Supplements Industry Statistics

The feed supplements industry is experiencing steady growth due to increasing demand for animal nutrition and health products worldwide.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we will explore the latest statistics and key insights shaping the global feed supplements industry. From the market size projections to the growth trends in specific segments, we will delve into the data driving the evolution of this vital sector.

Statistic 1

"The global feed supplements market size was valued at USD 16.32 billion in 2018."

Statistic 2

"The feed supplements market is projected to reach USD 20.15 billion by 2026, growing at a CAGR of 5.1% during the forecast period."

Statistic 3

"The ailment-based segment held the largest share in the global feed supplements industry in 2018."

Statistic 4

"Asia Pacific is expected to witness a significant growth rate in the feed supplements market during the forecast period."

Statistic 5

"The livestock segment is expected to hold the largest share in the feed supplements market, as of 2020."

Statistic 6

"The vitamins segment is predicted to grow at a high CAGR during the forecast period in the feed supplement market."

Statistic 7

"The amino acid feed supplement segment accounted for a significant share in 2020."

Statistic 8

"Biological feed supplements are expected to showcase a significant growth rate during the forecast period."

Statistic 9

"The feed yeast supplements market is expected to witness a steady growth rate during the forecast period."

Statistic 10

"The probiotics feed supplement market will most likely surpass USD 4 billion by 2026."

Statistic 11

"The poultry industry utilizes around 37% of the feed supplements produced globally."

Statistic 12

"The enzymes in feed supplements are estimated to hold a market share of 22.42% by 2027."

Statistic 13

"The vitamins type of feed supplement is projected to reach USD 2.32 billion by 2023, at a CAGR of 8.8%."

Statistic 14

"The overall veterinary healthcare market is predicted to reach USD 48.5 Billion by 2026, and the feed supplement market comprises a significant part of this total."

Statistic 15

"By 2025, the global mycotoxin detoxifiers market, a segment of the feed supplements industry, is expected to reach USD 2.11 billion."

The statistics indicate a positive outlook for the global feed supplements industry, with steady growth expected in various segments such as vitamins, amino acids, biological supplements, and probiotics. The market is projected to reach significant values by 2026, driven by factors such as increasing demand from the livestock sector, particularly poultry, and the rising awareness of the importance of feed supplements in animal health and nutrition. Regions like Asia Pacific are set to experience notable growth, highlighting opportunities for industry players to expand their presence in these markets. Overall, the statistics suggest a promising future for the feed supplements industry as it continues to be a significant component of the veterinary healthcare market.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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