European Medicated Feed Additives is expected to grow at a CAGR of 5.27% and reach USD 4220 million in 2026 from USD 3720 million in 2021. The Medicated Feed Additives market is expected to show evident potential in the forecasting period. The market continues to build up momentum with the increase in meat as well as dairy products consumption with the rise in population, thus catching interest of various companies in the industry.
Medicated Feed can be referred to as the group of products that are responsible for maintaining the nutrition content of the animal feed. It generally comprises of diet components such as supplements, concentrates etc. the main purpose of medical feed additives is to maintain a balanced content of nutrients in animal feed in order to improve their productivity.
Europe Medicated Feed Additives Market Drivers:
Among various factors affecting the ups and downs in the growth of Medicated Feed Additives market, the major ones driving it are growing awareness among people about quality of meat and its nutrition content, epidemic outbreak in animals, increase in disposable income, organization of livestock industry. On the other hand the ones responsible for the downs are stringent regulations by government, risk factors related to medicated feed and availability of alternates like organic products.
Europe Medicated Feed Additives Market – By Type:
The enzymes segment dominated the market share in 2018.
Europe Medicated Feed Additives Market – By Livestock:
The cattle segment exhibits the highest market share in livestock segmentation due to rise in cattle meat production over the years and is thud expected to grow even further.
Europe Medicated Feed Additives Market – By Mixture Type:
Based on mixture type the market is dominated by concentrates segment.
On the basis of geography, the Europe market is analysed under various regions namely U.K, Germany, Spain, Italy and France.
Some of the major companies competing in the market for their share include Zoetis Inc., Archer Daniels Midland Company, Zagro, CHS Inc., Cargill, Purina Animal Nutrition (Land O’ Lakes), Alltech Inc. (Ridley), Adisseo France Sas, Biostadt India Limited, Hipro Animal Nutrtion.
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