Market Highlights:
The global Medicated Feed Additives Market Size has been segregated, by livestock type, into ruminant, poultry, swine, aquaculture, and others. Poultry production has been increasing with the rising consumption of poultry meat and eggs. Thus, it has become vital for meat producers to focus on the quality of additives. The demand for medicated feed additives is increasing to provide nutritional feed for poultry. However, the aquaculture segment is expected to register the highest CAGR during the forecast period owing to the rising preference for fish and seafood. The health benefits of consuming fish and seafood are expected to drive the growth of the segment during the forecast period.
The global market for medicated feed additives has also been classified, by category, as supplement, concentrate, premix feed, base mix, and others. The supplements segment is expected to dominate the market during the review period. Supplements are concentrated sources of nutrients and, hence, have a higher nutritive value than fibrous fodder, making them ideal for medicated food additives.
Based on type, the global Medicated Feed Additives Market Size has been segmented into antioxidants, antibiotics, probiotics and prebiotics, enzymes, amino acid, and others. The enzymes segment accounted for the largest market share in 2021 and is expected to grow at a high rate during the forecast period as enzymes are used for the development of bones and immune systems in animals. Enzymes improve the digestibility of nutrients in the feed, which, in turn, increases the production of various animal products such as milk, meat, and eggs.
Medicated feed additives in animal feed help improve quality and nutrition for the better performance and health of the animal. Medicated feed additives improve health, efficiency, and production levels of animals.
Regional Analysis:
On the basis of region, the global Medicated Feed Additives Market Size has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is expected to dominate the global Medicated Feed Additives Market Size owing to increasing awareness about the health of livestock, especially in China and India.
Asia-Pacific dominates the market for medicated feed additives as these products are necessary to regulate metabolism and maintain good health in animals. China and India are projected to contribute to the growth of the regional Medicated Feed Additives Market Size. China is projected to be the largest country-level market for meat products, with the use of medicated feed additives increasing to maintain health and reduce the outbreak of diseases.
The global Medicated Feed Additives Market Size has been segmented based on type, livestock type, category, and region.
By type, the global Medicated Feed Additives Market Size has been classified as antioxidants, antibiotics, probiotics and prebiotics, enzymes, amino acid, and others.
On the basis of livestock type, the global Medicated Feed Additives Market Size has been divided into ruminant, poultry, swine, aquaculture, and others.
The global Medicated Feed Additives Market Size has also been segregated, on the basis of category, into supplement, concentrate, premix feed, base mix, and others.
Key Players:
Some of the key players in the global Medicated Feed Additives Market Size are Archer Daniels Midland Company (US), Cargill, Incorporated (US ), CHS Inc. (US ), Zoetis (US), Purina Animal Nutrition LLC (US), Adisseo (France), Alltech (US), Zagro (Singapore), Hipro Ltd STI (Turkey), and Biostadt India Limited (India).
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The medicated feed additives market is expected to witness market growth at a rate of 5.1% in the forecast period of 2021 to 2028 and is further estimated to reach 20.261 USD billion by 2028.
Data Bridge Market Research report on medicated feed additives market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
The rise in the disease outbreaks in animals is escalating the growth of medicated feed additives market.This Report encases extensive investigation accessible and is assessed through volume and data endorsed on three techniques including top associations earnings.
It closes with careful and genuine Medicated Feed Additives market assessments thinking about every single boundary and market component.
Each basic and indisputable detail for the improvement and limit of the market is referred to in fine concentrations with suggestions that might impact the market.
Further, division of the market is considered expressly to give critical data for beneficial market speculations.Get a Special Sample Report@ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-medicated-feed-additives-marketOrganizations Mentioned: ADM, Cargill, Incorporated., CHS Inc., Zoetis Inc., Land O’Lakes, Inc, Delacon Biotechnik GmbH, Biomin GmbH, Dow, Natural Remedies, Synthite Industries Ltd., Adisseo, Alltech, Zagro, Hipro Ic Ve Dis Ticaret San.ve Tic Ltd.sti., Biostadt India Limited., BASF SE, Evonik Industries AGThe report Medicated Feed Additives Industry gives moved portrayal about the division of the market dependent on Application, and leads with a realistic construction of the examples and limits of the various divides and sub pieces.
