The global medicated feed market 2020 is poised to substantial market growth over the review period.
In order to provide humans with the highest quality of food, milk and other secondary products, animals need adequate methods of supplying the desired medicinal products for their better growth. An efficient and legal approach is the facility and supply of medicinal products in feed. This, in particular, is projected in the near future to underpin the development of the medicated feed market.
Growing incidences of zoonotic and foodborne diseases, which are extremely likely to be spread naturally from livestock to humans, have contributed to the increasing use of essential feed additives in farm animals that can mitigate these diseases. There has been a substantial increase in the demand for medicated feed additives due to factors such as growing cases of disease outbreaks in livestock. In addition , the growing introduction of advanced animal husbandry techniques to increase meat quality creates a significant business potential for key players in the market for medicated feed additives.
In addition, an improvement in competition due to lower segment obstructions poses item safety issues because the systematic measure of local availability of additives without adequate item monitoring is one of the alternative factors that will impact the demand for medicated feed additives in the coming years.
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Fane Valley Ltd (UK), Cargill, Inc. (US), Hubbard Feeds (US), Aw Ennis (Ireland), Alltech (US), Glanbia Ireland DAC (Ireland), Lisavaird Co-op. (Ireland), Paul & Vincent (Ireland), Archer Daniels Midland Co. (US), and Biostadt India Ltd (India) are some of the major players in the global medicated feed market.
The medicated feed market is consolidated, with large market shares held by the top global and regional players. Price payers in the price for medicated feed additives are predicted to achieve profitable growth prospects in the future as demand for medicated feed additives rises in the global market. Acquisitions and alliances & agreements is inorganic growth plan practises observed in the sector. The most followed approach of the market’s leading global players was the focus on consistency by substantial R & D investments. Large investments are targeted at expanding the product portfolio and innovating to produce new products and maintain the current client base..
The global medicated feed market has been segmented based on form, type, livestock, and region.
By type, the global market has been classified as amino acids, prebiotics, antioxidants, probiotics, and others.
On the basis of form, the global market has been divided into crumbled, pellets, mash, and others.
The global medicated feed market has also been segregated based on livestock, into ruminants, swine, aquaculture, poultry, and others.
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The global medicated feed market has been studied concerning four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
With large CAGRs, the North American medicated feed market is expected to increase in the immediate future on the basis of rising demand for healthier food and other primary goods.
Due to the recurrent outbreaks of animal diseases and the rising demand for quality animal products, Asia-Pacific is projected to dominate the medicated feed market during the forecast era. In developing nations such as India and China, livestock farming is a significant occupation for beef, dairy, and other animal by-products such as leather and fur. Improvements in methods of livestock farming directly impact the demand for medicated feed, thereby boosting the development of the Asia-Pacific market.
Due to the rising prevalence of chronic diseases in animals as well as technological and scientific developments in the feed industry, the medicated feed market in Europe is projected to be the fastest growing one. The main medicated feed markets in the region are projected to be Italy and Spain during the review period.
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