Animal Medicated Feed Market Growth Opportunities Forecasts to 2028

According to Precision Business Insights (PBI) latest report, the global animal medicated market size was valued at 16,132.4 million in 2021 and is expected to reach 23,157.8 million by 2028, at a CAGR of 5.3% during the forecast period 2022 to 2028. Medical feed additives are divided into categories based on their kind (A, B, or C) (I or II). The usage of medicated feed is referred to in the classification. Drug premixes, which are Type A medicated additives, are utilized to create Type B or C additives. Combining Type B medicated additives with Type C medicated supplements results in Type C. Type C medicated additives are provided as entire feeds straight to the animal. Based on the lack of medication residues in processed animal tissues after a withdrawal period, medicated feed additives are categorized. A withdrawal time is not necessary for Category I additives. A withdrawal period is required for Category II additives.

View the detailed report description here - https://precisionbusinessinsights.com/market-reports/global-animal-medicated-feed-market/

The Animal Medicated Feed Market Growth Factors:
The expanding use of essential feed additives that can reduce the development of such diseases in farm animals is a result of the rising rates of zoonotic and foodborne illnesses, which have a high likelihood of being naturally transmitted from animals to humans. Medicated feed additives raise the nutritional value and quality of the feed. These chemicals boost feed intake while promoting animal growth and development. The utilization of medicated feed additives has increased as a result of a greater understanding of premium meat's nutritional value. The demand for both plant and animal proteins increased as health consciousness increased in the Asia-Pacific region.

The Animal Medicated Market Segmentation:
Animal Medicated Feed Market on the basis of Product Type, the market is segregated into Antibiotics, Anti-Oxidants, Vitamins & minerals, Amino acids, Enzymes, and Others. On the basis of Route of Administration, the market is categorized into Oral, orally via feed, orally via water, and Parenteral. On the basis of Animal Species, the market is classified into Poultry, Canine, Cattle, Equine, Swine, Fish/Prawns, and Others.

Request sample report at https://precisionbusinessinsights.com/request-sample?product_id=16630

The Animal Medicated Market Regional Analysis:
Due to the rising demand for meat and dairy products, North America is the market leader for medicated feed additives. The market for medicated feed additives in the region is expected to develop over the course of the projected period as a result of rising livestock health consciousness. The demand for high-quality meat products by an expanding population is expected to drive significant expansion in the market for medicated feed additives in Asia-Pacific. Additionally, it is projected that increasing pandemic outbreaks in cattle will fuel market expansion for medicated feed additives in the area over the ensuing years.

Key players in the animal medicated market report are ADM Animal Nutrition, Inc. (U.S.), Cargill Inc. (U.S.), Nutreco N.V. (Netherlands), Zinpro Corporation (U.S.), Alltech Inc. (U.S.), Zivo Bioscience, Inc. (U.S.), Koninklijke DSM N.V. (Netherlands), Evonik Industries AG (Germany), Boehringer Ingelheim GmbH (Germany)

Contact:
Mr. Satya
Precision Business Insights | Toll-Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com
Kemp House, 152 - 160 City Road, London EC1V 2NX
Web: https://precisionbusinessinsights.com/ | D U N S® Number: 852781747

About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and produce high-quality research reports. We have over five hundred clients with a good business partnership the capacity to provide in-depth research analysis for more than thirty countries. In addition to delivering more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers cost-effective and customized research services to meet research requirements. We are a leading research service provider because of our extensive database built by our experts and our services.

This release was published on openPR.