Press release
STAY-C For Feed Market: Global Size, Share, Growth, Trends, Analysis, Forecast, Outlook 2024-2033 | Mergers and Acquisitions, Top Major Key Players, Competitive Landscape
STAY-C For Feed Market
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.
Market Overview -
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.
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Surge In Meat And Poultry Demand Drives The Stay-C For Feed Market
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.
Competitive Landscape -
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.
Cargill Leads The Way With Essential Oils In Nutrena Naturewise Chicken Feed
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.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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