Factors Driving the Medicated Feed Additives Market

Northbrook, USA, 2020-Jan-24 — /EPR Network/ — The medicated feed additives market is projected to grow at a CAGR of 5.41%, to reach a value of USD 15,320.4 million by 2022 from an estimated USD 11,168.4 million in 2016. Medicated feed additives improve the quality and nutritional content of the feed. These additives help in the growth & development of animals and increase the feed intake. Increase in the awareness of high-quality meat, which is rich in nutrients, has resulted in an increase in the usage of medicated feed additives. The growing awareness about meat & dairy products and concerns related to livestock health and industrialization of animal processed products are the major drivers of the medicated feed additives market.

Concentrates is projected to be the fastest growing segment in the medicated feed additives market, by mixture type

Medicated feed concentrates are substances mixed with other feed materials to form either a supplement or a complete feed. Concentrates are less bulky and have higher digestibility. The concentrates segment is hence projected to be the fastest growing segment in the medicated feed additives market, by mixture type.

The growing awareness about meat & dairy products and concerns related to livestock health and industrialization of animal processed products are the major drivers of the medicated feed additives market.

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Continuous rise in population and support from governments as well as national and international associations key to success in the Asia-Pacific region

High growth was observed in the Asia-Pacific region for the medicated feed additives market over the past few years. The main reasons for this are the continuous increase in the population, rise in epidemic outbreaks in livestock, progressive urbanization in the region, and an increase in demand for quality meat products. China and India constituted the largest country-level markets in the Asia-Pacific region in 2015.

This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. These companies include Archer Daniels Midland Company (U.S.), Cargill (U.S.), CHS Inc. (U.S.), Zoetis Inc. (U.S.), and Purina Animal Nutrition (Land O’ Lakes) (U.S.); these are well-established and financially stable players that have been operating in the industry for several years. Other players include Adisseo France SAS (France), Alltech Inc. (Ridley) (U.S.), Zagro (Singapore), Hipro Animal Nutrition (Turkey), and Biostadt India Ltd. (India).

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This report is targeted at the existing stakeholders in the industry, which include the following:

• Supply side: Medicated feed ingredients manufacturers, formulators, traders, distributors, and suppliers
• Demand side: Animal feed manufacturers, food processing industries, feed producers, large animal husbandry companies, large-scale ranches & poultry farms, and researchers
• Other related associations, research organizations, and industry bodies: the Food and Agriculture Organization (FAO), the International Feed Industry Federation (IFIF), Agriculture and Agri-Food Canada.

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