Medicated Feed Additives Market by Application: Quality Analysis, Top Companies (Biostadt India Limited, Hipro Ltd ST, Zagro), Region and Province Forecast
Medicated Feed Additives Market, Medicated Feed Additives, Medicated Feed Additives Industry, Global Medicated Feed Additives Mark
The global medicated feed additives market is predicted to grow at a notable CAGR between 2018-2023, according to the recent Market Research Future (MRFR) report. Medicated feed additives help to improve the nutritional content and quality of the feed. They help in animals’ growth and development and also boost the feed intake. Amino acids, enzymes, probiotics and prebiotics, antibiotics, antioxidants, and others are the different types of medicated feed additives.
Numerous factors are adding to the global medicated feed additives market growth. Such factors, according to the recent MRFR report, include the industrialization of animal processed products, concerns about livestock health, and increasing awareness about meat and dairy products. Additional factors adding to the medicated feed additives market growth include rising epidemic outbreak instances and the growing global population.
Notable players profiled in the global medicated feed additives market report include Biostadt India Limited (India), Hipro Ltd STI (Turkey), Zagro (Singapore), Alltech (US), Adisseo (France), Purina Animal Nutrition LLC (US), Zoetis (US), CHS Inc. (US), Cargill, Incorporated (US), and Archer Daniels Midland Company (US).
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The MRFR report provides an inclusive segmental analysis of the global medicated feed additives market based on type, livestock type, and category.
By type, the global medicated feed additives market is segmented into amino acids, enzymes, probiotics and prebiotics, antibiotics, antioxidants, and others. Of these, enzymes will lead the market over the forecast period for its increasing use in immune systems and bone development in animals.
By livestock type, the global medicated feed additives market is segmented into aquaculture, swine, poultry, ruminant, and others. Of these, the poultry segment will dominate the market over the forecast period for the increasing consumption of eggs and poultry meat. Meanwhile, the aquaculture segment is likely to grow at the highest CAGR for the growing preference for seafood and fish for its various health benefits.
By category, the global medicated feed additives market is segmented into the base mix, premix feed, concentrate, supplement, and others. Of these, supplements will have a major share in the market over the forecast period. These supplements are generally concentrated nutrient sources, thus possess higher nutritive value compared to fibrous fodder, thereby making it perfect for medicated food additives.
By region, the global medicated feed additives market report covers the growth opportunities and recent trends across the Americas, Europe, the Asia Pacific (APAC), and the Rest of the World (RoW). Of these, the APAC region will have the lions share in the market over the forecast period as they are essential for regulating metabolism and maintaining good health of animals. China, followed by India are the key contributors in this region. In fact, China is the largest market for meat products.
The global medicated feed additives market in Europe is predicted to hold the second-largest share during the forecast period for the growing awareness about such additives and its perks to control livestock epidemic outbreaks. Owing to its regulatory environment and livestock population size, Europe is an important market for additive manufacturers.
The global medicated feed additives market in North America is predicted to have a healthy growth at a notable CAGR during the forecast period for the burgeoning demand for better food as well as other primary products.
The global medicated feed additives market in the RoW will have stable growth over the forecast period for the increasing adoption of such additives on account of the growing demand for meat products and change in the lifestyle of consumers.
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