Global Medicated Feed Additives Market Overview
The Medicated Feed Additives Market Size is anticipated to reach USD 20.1 billion by 2030, demonstrating a robust compound annual growth rate (CAGR) of 4.72% from 2023 to 2030. Medicated feed additives play a crucial role in enhancing the quality and nutrition of animal feed, contributing to the overall performance and health of animals. These additives are designed to improve the health, efficiency, and production levels of animals, thereby addressing various nutritional needs.
The global medicated feed additives market is segmented based on type, including antioxidants, antibiotics, probiotics and prebiotics, enzymes, amino acids, and others. The enzymes segment, with its significant contribution, held the largest market share in 2017 and is poised to experience high growth throughout the forecast period. Enzymes play a vital role in the development of bones and immune systems in animals, enhancing the digestibility of nutrients in the feed. This improved digestibility leads to increased production of essential animal products such as milk, meat, and eggs.
In terms of livestock type, the market is categorized into ruminant, poultry, swine, aquaculture, and others. The poultry segment is witnessing a surge in demand, attributed to the increasing consumption of poultry meat and eggs. Consequently, meat producers are focusing on the quality of additives to meet nutritional requirements for poultry. The aquaculture segment is expected to register the highest CAGR during the forecast period due to the growing preference for fish and seafood. The health benefits associated with fish and seafood consumption are likely to drive the growth of this segment.
Click Here to Get Sample Premium Report : https://www.marketresearchfuture.com/sample_request/6939
Furthermore, the market is classified by category into supplement, concentrate, premix feed, base mix, and others. The supplements segment is expected to dominate the market during the review period, given that supplements serve as concentrated sources of nutrients with higher nutritive value than fibrous fodder. This makes supplements ideal for incorporating medicated feed additives.
From a regional perspective, Asia-Pacific is anticipated to dominate the global medicated feed additives market. The region’s dominance is attributed to increasing awareness about livestock health, particularly in countries such as China and India. These nations are expected to contribute significantly to the growth of the regional medicated feed additives market. In China, the use of medicated feed additives is projected to be crucial for regulating metabolism, maintaining animal health, and reducing the risk of diseases. The Asia-Pacific region’s market leadership reflects the essential role these products play in regulating animal metabolism and ensuring overall health.
Key players in the medicated feed additives market include Archer Daniels Midland Company, Cargill, Incorporated, CHS Inc., Zoetis, Purina Animal Nutrition LLC, Adisseo, Alltech, Zagro, Hipro Ltd STI, and Biostadt India Limited. These industry players are actively involved in the development of innovative products and strategic initiatives to maintain a competitive edge in the market. The continual efforts of these key players contribute to the overall growth and evolution of the medicated feed additives market.
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York, New York 10013, United States of America
Sales: +1 (855) 661-4441 +44 1720 412 167
Website : https://www.wantstats.com
E:Mail : [email protected]
