North America Market is Medicated Feed Additives expected to reach USD 4810 million by 2026 from USD 3750 million in 2021, growing at a CAGR of 5.29%. The Medicated Feed Additives market is forecasted to show great potential over the mentioned period. The market has continued to gain momentum with the increased consumption of meat as well as dairy products over the recent years, due to the demands of ever growing population. It has marked an opportunity for the companies to make their way into the market.
Medicated Feed is a type of feed which comprises of all the products which are the source of nutrients in feed for animals. These generally include concentrates, supplements etc. Additives in medicated feed plays an important role in balancing the content on nutrients and thus maintain healthy being and high productivity of animals.
Drivers and Restraints of North America Medicated Feed Additives Market:
The market faces various factors that affect its growth rate. Some of them act as drivers while some of them result in hindering the market growth. The drivers for the market include rising awareness about importance of nutrition content in meat, disease outbreak in livestock, increase in disposable income and organization in the livestock industry. The factors acting as restraints are stringent policies by the government on meat production, alternate organic products and risk factor faced by humans as a result of use of medicated feed additives.
North America Medicated Feed Additives Market – By Type:
North America Medicated Feed Additives Market – By Mixture Type:
North America Medicated Feed Additives Market – By Livestock:
On the basis of geography, the North America market is analysed under various regions namely
Zoetis Inc., Cargill, Archer Daniels Midland Company, CHS Inc., Purina Animal Nutrition (Land O’ Lakes), Adisseo France Sas, Alltech Inc. (Ridley), Biostadt India Limited, Zagro, Hipro Animal Nutrtion are some of the major companies dominating the market, by their products and services include.
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