Medicated Feed Additives Market Future Demands, Business Opportunities By Zoetis, Merck, Ceva, Bayer, Dechra Pharmaceuticals

Precision Business Insights published a research report on “Medicated Feed Additives Market By Product Type (Antibiotics, Antioxidants, Vitamins & Amino acids, Prebiotics, Probiotics, Others), By Mixture Type (Poultry, Swine, Bovine, Canine, Feline, Others), By Class Type (Type A, Type B, Type C) - Global/Region/Country Forecast to 2028”.

Supplements of extra nutrients or medications used in animal feed are known as Medicated Feed Additives. Vitamins, amino acids, fatty acids, minerals, pharmaceuticals, fungal products, and steroidal substances are examples of these additions. Medicated Feed Additives have the potential to boost productivity, animal health, and efficiency. Improved feed efficiency and average daily gain are two benefits of medicated feed additives. Bloat, acidosis, and coccidiosis were all reduced as a result of some feed additives. Other feed additives are used to inhibit estrus, reduce liver abscesses, prevent foot rot, and control parasites, among other things. Rumen Fermentation Modifiers such as Ionophores, Buffers, Yeast Cultures, and Bloat Prevention Aid are all examples of Medicated Feed Additives. Animal Health Products such as Fly Control, Worm Control, and Antibiotics for Disease Control, as well as Nutrient Repartitioning Agents also including Beta-agonist.

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Animals require a proper technique of administering required medications in order to grow properly and offer humans with the highest quality food, milk, and other secondary products. The ability to provide medicines in feed is a cost-effective and user-friendly strategy. This, in turn, is projected to support the market for medicated feed additives in the not-too-distant future. Concerns about food-borne and zoonotic diseases, such as bird flu, are also projected to drive demand for medicated feed additives over the forecast period. The European Food Safety Authority (EFSA), for instance, estimates that 340,000 instances of food-borne and zoonotic diseases occur in EU countries each year.

Furthermore, the decline in revenue growth of medicated feed additives is partly owing to a fall in antibiotic usage worldwide, principally due to regulatory bans. Other factors that could negatively impact the medicated feed additive market over the projection period include a rise in competition due to lower entry barriers, which raises product safety issues due to a high number of local supply of additives without proper product testing.

On the basis of Mixture type, the Medicated Feed Additives Market is categorized into Supplements, Concentrates, Premix Feeds and Base Mixes. On the basis of Type, the market is categorized into Antioxidants, Probiotics & Prebiotics, Antibiotics, Enzymes, and Amino Acids. In terms of Livestock, the market is divided into Poultry, Ruminants, Swine, Aquaculture, and Others.

For the forecast period, Asia-Pacific holds the greatest market share and is expected to be the fastest-growing market for medicated feed additives. Due to rising population and disposable money, the Asia Pacific region had the highest consumption of medicated feed additives. The market in the APAC region will be boosted by rising demand for high-quality meat products, strong government initiatives, and key companies working on research and development to produce products that comply with European requirements for medicated feed additives.

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Some of the major key players in the Medicated Feed Additives Market are Zoetis Inc., BASF SE, Cargill, Inc., Koninklijke DSM N.V, Novozymes A/S, Nutreco N.V., Phibro, Archer Daniels Midland Company, CHS Inc.

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