Press release
Medical Feed Additives Market Is Thriving Worldwide | Leading Key Players Zoetis, Cargill, CHS Inc., Purina Animal Nutrition, Archer Daniels Midland Company
The Business Research Company
The global medical feed additives market is expected to decline from $13.3 billion in 2019 to $11.1 billion in 2020 at a compound annual growth rate (CAGR) of -16.4%. The decline is mainly due to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 5.5% from 2021 and reach $17.3 billion in 2023.
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The medical feed additives market consists of sales of medical feed additives and related services in order to prepare complete food for animals. Medical feed additives help improve the nutritional content and quality of feed, results in better productivity, and prevents animals from diseases.
The overuse and inappropriate use of antibiotics in medical feed additives impacts the health of individuals consuming the animal meat or other related products. Moreover, the health of the animal consuming the feed may also be adversely affected by the antibiotics added to the feed as the excess additive reduces the natural immunity of the animal and increases susceptibility of the livestock to infections.
Medical Feed Additives Market Segmentation:
By Type
1. Antioxidants
2. Antibiotics
3. Probiotics & prebiotics
4. Enzymes
5. Amino acids
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Few Points From Table Of Content
1. Executive Summary
2. Medical Feed Additives Market Characteristics
3. Medical Feed Additives Market Size And Growth
4. Medical Feed Additives Market Segmentation
5. Medical Feed Additives Market Regional And Country Analysis
……
25. Medical Feed Additives Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Medical Feed Additives Market
27. Medical Feed Additives Market Trends And Strategies
28. Medical Feed Additives Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the medical feed additives market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the medical feed additives market are Zoetis Inc., Cargill,CHS Inc., Purina Animal Nutrition, Archer Daniels Midland Company
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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