- The key vendors in the global medicinal feed additives market 2015-2019 are Bayer HealthCare, Merck, Pfizer, Sanofi and Virbac.
London, 14 October 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global medicinal feed additives market 2015-2019. Growth in medicated feeds is one of the key trends upcoming in this market. Medicated feeds consist of highly concentrated forms of drugs used in the form of mill premixes, super-concentrates, fortifiers, top dressings, and complete feeds, or fed as a free choice supplement. The global medicinal feed additives market is expected to grow at a CAGR of 5.07% during the period of 2014-2019.
The market is primarily driven by the increasing consumption of animal meat products. Farmers and consumers are ensuring that feed mixes contain medicinal feed additives as they are among the main ingredients in the nutritional intake of animals, thus yielding high-quality animal products. Also, with the increase in epidemic cases in animals worldwide, the demand for medicinal feed additives is on the rise.
“With the use of medicinal feed additives in animal feeds, essential nutrients and supplements are being fed to animals, thereby increasing their immunity and decreasing the chances of contracting a virus,” says Faisal Ghaus, Vice President of Technavio Research.
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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