Middle East and Africa Medicated Feed Additives market is estimated to reach USD 1290 million by 2026 from a market value of USD 990 million in 2021 at a CAGR of 5.401%.
The Medicated Feed Additives market is showcasing significant potential over the mentioned forecast period. The market continues to build up momentum with the growing consumption of dairy products as well as meat with the rise in population. Thus, creating an opportunity for the companies to make huge profits in the market.
Medicated feed can be described as a bunch of products in the animal feed which are the main source of nutrient content in it. It mainly includes products such as supplements, concentrates etc. The additives in medicated feed are responsible for maintaining the nutrition content in order to keep the livestock healthy as well as high in productivity.
Drivers and Restraints of Middle East and Africa Medicated Feed Additives Market:
The rise in the awareness among people about quality of meat as well as its nutrition content has been fuelling the market for Medicated Feed Additives. Some other important factors are disease outbreak among livestock, increase in disposable income and the organization in the livestock industry. The market faces some restraints as challenges as well. The major ones include stringent government policies, availability of alternative such as organic products and the risk for humans as a result of use of medicated feed additives.
Middle East and Africa Medicated Feed Additives Market – By Type:
The enzymes segments dominated the market share.
Middle East and Africa Medicated Feed Additives Market – By Livestock:
The cattle segment accounted for the largest share in the market on the basis of segmentation by livestock due to increase in cattle meat production over the recent years and is expected to grow even further.
Middle East and Africa Medicated Feed Additives Market – By Mixture Type:
The concentrate mixtures dominate the market share.
On the basis of geography, the Middle East & Africa market is analysed under various regions namely Middle East and Africa.
Some of the major competitors in the Medicated Feed Additives market include Cargill, Zagro, Archer Daniels Midland Company, Zoetis Inc., CHS Inc., Adisseo France Sas, Purina Animal Nutrition (Land O’ Lakes), Biostadt India Limited, Alltech Inc. (Ridley), Hipro Animal Nutrtion.
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