This market research report includes the present scenario and growth prospects of the global medicinal feed additives market. The research reports details the market segmentation by type (amino acids, antibiotics, vitamins, antioxidants, feed enzymes and others) and by livestock (pet, ruminants, swine, poultry and others). The report also includes a market analysis of the key regions, including the EMEA, APAC, North America and Latin America. The key vendors analyzed in this report are Bayer Healthcare, BASF, Cargill, Evonik, Merck, and Zoetis.
Technavio has released updated information on the fuel additives market, with the publication of its new market research report, global medicinal feed additives market. The global medicinal feed additives market is expected to grow at a CAGR of 5% between 2016 and 2020, thanks to the crucial role of these additives in the animal production and rearing process. EMEA is the dominant region in the medicinal feed additives market, accounting for 37% of the overall market share. Much of this region’s growth can be attributed to an increase in animal epidemic cases. The UK, Germany, France, Spain, and Poland are among the major livestock producing countries in this region.
“Owing to the rising concerns over animal health, the demand for veterinarian is increasing on a large scale. Manufacturers are coming up with various animal healthcare products with innovative compositions in feed additives, vaccines, antibiotics, metabolic drugs, reproductive aids, imaging diagnostics, topical solutions, and parasite control. The number of veterinarians is rising with increase in medication and treatment for pets and other animals,” says Chandrakumar BJG, Lead Analyst, Chemicals & Materials, Technavio Research.
There have been increase in the incidence of zoonotic diseases, which are highly contagious and can be easily transmitted. The use of medicinal feed additives helps prevent epizootic diseases and parasitism. They also offer genetic enhancements and improve the nutritional content in animal feed. The antimicrobial agents used as feed additives helps in feed conversion and prevents illness in advance.
The leading vendors in the global medicinal feed additives market include Bayer Healthcare, BASF, Cargill, Evonik, Merck, and Zoetis. This market is extremely fragmented, comprising international as well as large- and small-scale suppliers. The market is ruled by major players, who have strong foothold in developed nations; however, regional players cater to the local needs of the market.
A more detailed analysis is available in the Technavio report, Global Medicinal Feed Additives Market 2016-2020.
We can customize this reports by other regions and specific segments upon request.
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