The medicated feed additives market is projected to grow at a CAGR of 5.41%, to reach a value of USD 15,320.4 million by 2022 from an estimated USD 11,168.4 million in 2016. Medicated feed additives improve the quality and nutritional content of the feed. These additives help in the growth & development of animals and increase the feed intake. Increase in the awareness of high-quality meat, which is rich in nutrients, has resulted in an increase in the usage of medicated feed additives. 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.
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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.
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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. These companies include Archer Daniels Midland Company (U.S.), Cargill (U.S.), CHS Inc. (U.S.), Zoetis Inc. (U.S.), and Purina Animal Nutrition (Land O’ Lakes) (U.S.); these are well-established and financially stable players that have been operating in the industry for several years. Other players include Adisseo France SAS (France), Alltech Inc. (Ridley) (U.S.), Zagro (Singapore), Hipro Animal Nutrition (Turkey), and Biostadt India Ltd. (India).