ID: 2309 | May 2017 | Region: Global
The Medicated Feed Additives Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Medicated Feed Additives Market is estimated to be USD 11.3 billion in 2016 and predicted to rise to USD 14.72 billion by 2021 with a CAGR of 5.43%. The market is segmented by Type (Antioxidants, Antibiotics, Probiotics, Prebiotics, Enzymes, Amino Acids, Others), by Livestock (Swine, Poultry, Cattle, Aquaculture, Pet foods, others), by Mixture Type (Supplements, Concentrates, Premix Feeds, Base Mixes). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
Judging by the recent market trends, the market holds huge potential in the upcoming years. This potential can be attributed to factors like increasing awareness about nutrients content in meat, growth in disposable income, epidemic outbreak in animals, organization in livestock industry and implementation of various animal husbandry practices for improvement of meat quality. On the other side the market faces few challenges as well, including stringent government regulations, risk factor of some medicated feed additives to humans and easy replacements like organic products.
The Global Medicated Feed Additives market is broadly segmented based on type, livestock and mixture types. On the basis of segmentation by type, enzymes dominate the market share. Under segmentation by livestock, the cattle segment accounts for the largest share in the market due to increased meat production and consumption. Similarly based on mixture types, the market is led by the share of concentrates segment and is expected to grow rapidly as well.
According to the geographical analysis, the market is segmented into various regions across the world. The North American market is estimated to have the largest market share with Europe and Asia-Pacific right behind in terms of share. Further, the Asia-Pacific market is expected to show the highest growth rate in the years to come.
Among various companies in the Medicated Feed Additives market, the major ones include Zoetis Inc., Archer Daniels Midland Company, Cargill, CHS Inc., Adisseo France Sas, Purina Animal Nutrition (Land O’ Lakes), Alltech Inc. (Ridley), Zagro, Biostadt India Limited, Hipro Animal Nutrtion.
Browse through the full report at “http://www.marketdataforecast.com/market-reports/global-medicated-feed-additives-market-2303/” and checkout our recent reports in the Animal Feed category at “http://www.marketdataforecast.com/research-reports/agriculture/animal-feed-7/”. For more insights and up-to-date industry news don’t forget subscribing to our newsletters.
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