Asia-Pacific Medicated Feed Additives Market has been estimated at USD 3150 billion in 2021 and is projected to reach USD 4170 billion by 2026, at a CAGR of 5.82% during the forecast period from 2022 - 2027. The Medicated Feed Additives market is showcasing significant potential in the mentioned forecast period. The market continues to build up momentum with the increase in meat consumption as well as consumption of dairy products. Hence, the market has gained interest from various companies around the Asia-Pacific region.
Medicated Feed comprises of products which rich content of nutrients in animal diets. The various types of components of diet included in it include, supplements, concentrates etc. A proper nutrition content is a necessity in animal feed for the health living of animals and thus medical feed additives are a necessary aspect in the feed for animals to improve their productivity.
There are various factors contributing to the rapid growth witnessed by the market over recent times. Some of the major ones are growing awareness about nutrient contents of meat, epidemic outbreak in animals, rising disposable income and the organization in the livestock industry. While on the other hand, some of the factors have been responsible for holding back the market from reaching its actual potential. These include stringent government policies regarding meat production, alternatives in the form of organic products and humans facing risks related to feed additives.
Asia-Pacific Medicated Feed Additives Market – By Type:
The market share is led by enzymes.
Asia-Pacific Medicated Feed Additives Market – By Livestock:
The cattle sector accounted for the greatest market share based on livestock due to rise in production of cattle meat in recent years and is expected to show even further growth.
Asia-Pacific Medicated Feed Additives Market – By Mixture Type:
On the basis of geography, the Asia-Pacific market is analysed under various regions namely China, India, Australia, Japan and South Korea.
Some of the major leaders in the market are Cargill, Zoetis Inc., Archer Daniels Midland Company, Purina Animal Nutrition (Land O’ Lakes), CHS Inc., Adisseo France Sas, Biostadt India Limited, Alltech Inc. (Ridley), Hipro Animal Nutrtion, Zagro
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