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The Asia-Pacific region is projected to be the fastest-growing market for medicated feed additives between 2016 and 2022. The Asia-Pacific market experiences the maximum consumption of medicated feed additives due to the increasing population and rise in disposable income.
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MarketsandMarkets Presents Medicated Feed Additives Market worth 15.32 Billion USD by 2022 https://www.marketsandmarkets.com/Market-Reports/medicated-feed-additive-market-186173723.html
The report "Medicated Feed Additives Market by Type (Antioxidants, Antibiotics, Probiotics & Prebiotics, Enzymes, Amino Acids), Livestock (Ruminants, Poultry, Swine, Aquaculture), Mixture Type, Category, and Region - Global Forecast to 2022", The global medicated feed additives market is projected to grow at a CAGR of 5.41% from 2016 and reach USD 15.32 Billion by 2022 Browse 114 market data Tables and 45 Figures spread through 149 Pages and in-depth TOC on "Distillers Grains Market” - Global Forecast to 2023 https://www.marketsandmarkets.com/Market-Reports/medicated-feed-additive-market-186173723.html
The market is driven by factors such as the growing consumption of meat and dairy products, shift of the livestock industry from an unorganized sector to an organized one and growing concerns about the health of livestock and industrialization of animal processed products. Moreover, the growing global population drives the meat consumption growth over the forecast period in developing countries thereby driving the growth of the medicated feed additives market. As a result, many multinational players have entered into the production of various products of medicated feed additives that protects the health of the animal and provides nutritional ingredients. Significant growth expected in the enzymes segment The demand for feed enzymes is increasing as they are used for the development of the immune system and bones of animals. Enzymes increase the digestibility of nutrients in the feed, which leads to an increase in the efficient production of various animal products such as meat, milk, and eggs. Concentrates is projected to be the fastest growing segment in the medicated feed additives market, by mixture type Medicated feed concentrates are substances mixed with other feed materials to form either a supplement or a complete feed. Concentrates are less bulky and have higher digestibility.
The concentrates segment is hence projected to be the fastest growing segment in the medicated feed additives market, by mixture type. The growing awareness about meat & dairy products and concerns related to livestock health and industrialization of animal processed products are the major drivers of the medicated feed additives market. Continuous rise in population and support from governments as well as national and international associations key to success in the Asia-Pacific region High growth was observed in the Asia-Pacific region for the medicated feed additives market over the past few years. The main reasons for this are the continuous increase in the population, rise in epidemic outbreaks in livestock, progressive urbanization in the region, and an increase in demand for quality meat products. China and India constituted the largest country-level markets in the Asia-Pacific region in 2015. This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. https://www.marketsandmarkets.com/Market-Reports/medicated-feed-additive-market-186173723.html
Key Players in Medicated Feed Additives Market: 1 Zoetis Inc. 2 Cargill 3 Archer Daniels Midland Company 4 CHS Inc. 5 Purina Animal Nutrition (Land O’ Lakes) 6 Adisseo France Sas7 Alltech Inc. (Ridley) 8 Biostadt India Limited 9 Zagro10 Hipro Animal Nutrtion https://www.marketsandmarkets.com/Market-Reports/medicated-feed-additive-market-186173723.html
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