Global “Medicated Feed Additives Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Medicated Feed Additives in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Medicated Feed Additives Market report categorizes the market based on manufacturers, regions, type, and application. Medicated Feed Additives Market reports offer a detailed assessment of the Medicated Feed Additives including enabling technologies, current market situation, market assumptions, restraining factors.
The Global Medicated Feed Additives market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
The market for medicated feed additives accounted for USD 12.03 billion in 2017 and is expected to reach USD 16.5 billion by 2023. The market is driven by various factors, such as, increasing awareness about the nutritional content in meat, rise in disposable incomes, prevalent outbreak of diseases in animals, organization in the livestock industry, and adoption of various animal husbandry practices for the improvement of meat quality support the potential of this market.
Animal-based medicated feed are proven to be essential in regulating the metabolism and confirm good health. The increase in health awareness in Asia-Pacific has led to a surge in the demand for plant and animal protein. The recent epidemic outbreaks have made the meat quality a critical issue, especially in regions like Europe and North America. The increase in the consumption of animal protein in the area has exerted massive pressure on livestock farmers who are gradually shifting to various scientific methods of farming. Farmers have been observed to face problems while supplying meat according to the pace of demand. The situation has generated an opportunity for medicated feeds and feed additive manufacturers. Further, the need for industrialization of the livestock and meat industry is another driving factor for the market.
Growing Importance of Medicated Feed Additives
A proper method is required to provide the desired medicines to animals, for better growth, which can provide humans with the best quality of food, milk, and other secondary products. The fear of foodborne and zoonotic diseases, like avian flu, are creating a demand for the medicated feed additives. The European food safety authority (EFSA) estimates that 320,000 cases of foodborne and zoonotic diseases occur each year in the EU countries. A global decline in the usage of antibiotics, mainly owing to government bans, contributes to the declining revenue growth of medicated feed additives.
Medicated feed additives are used to prevent an aplasmosis and bloating, treat gastrointestinal worms, reduce the incidence of liver abscesses, control flies, suppress estrus, etc. The title 21 of the code of federal regulations (CFR) part 515 (21 CFR 515) states that individual medicated feed mills are to be licensed with the FDA. The licensed mills are allowed to manufacture animal feeds from category II, type A medicated articles. Category II drugs require a withdrawal period at the lowest use level for at least one significant species for which they are approved, are regulated on a no-residue basis or with a zero tolerance. The stringent regulations regarding the use of medicated feed additives are a restraint to the market. In addition, certain medicated feed ingredients are posing a risk to human health thereby hindering the growth of the market.
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The global Medicated Feed Additives market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.
Medicated Feed Additives Market Report covers the Top Key-players in 2021:-
- Zoetis Inc.
- Archer Daniels Midland Company
- Purina Animal Nutrition
- CHS Inc.
- Adisseo France SAS
- Alltech Inc.
- Hipro Animal Nutrition
- Biostadt India Ltd.
Highlighted points of Medicated Feed Additives Market Size:
- Covers the varying market dynamics of the industry.
- In-depth analysis of market risks, opportunities, limitations, and growth of the market.
- Includes market driving and restraining factors.
- Participants profiles along with product description, overview, and business data.
- Include details of five years of forecast analysis by types, regions, and applications.
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This Medicated Feed Additives Market Research/analysis Report Contains Answers to your following Questions
- Which Manufacturing Technology is Used for Medicated Feed Additives? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Medicated Feed Additives Market? What’s Their Company Profile, Their Product Information, Contact Information?
- What Was Global Market Status of Medicated Feed Additives Market? What Was Capacity, Production Value, Cost and PROFIT of Medicated Feed Additives Market?
- What Is Current Market Status of Medicated Feed Additives Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Medicated Feed Additives Market by Taking Applications and Types in Consideration?
- What Are Projections of Global Medicated Feed Additives Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
- What Is Medicated Feed Additives Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Medicated Feed Additives Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Medicated Feed Additives Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Medicated Feed Additives Industry?
Key Developments in the Medicated Feed Additives Market:
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Finally, the report Global Medicated Feed Additives Market 2021 describes the Medicated Feed Additives industry expansion game plan, the Medicated Feed Additives industry knowledge supply, appendix, analysis findings, and the conclusion.
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