Medicated Feed Market Overview Research Insights with Upcoming Trends Segmentation, Opportunities and Forecast to 2030
Medicated Feed Market Overview:
Medicated Feed can be used to treat diseases or prevent
diseases in animals. Medicated Feed is animal feed infused with veterinary
drugs. It is a safe and friendly method of administering approved drugs to
animals. Overall, medicated Feed improves the health and productivity of farm
animals and prevents the outbreak of livestock diseases.
Medicated
Feed Market Size is projected to register a CAGR of 5.34% and reach
a value of USD 15,222.1 million by 2030.
The rise in the incidences of the outbreak of zoonotic and
food-borne diseases among farm animals with high risks of transmission to
humans has increased demand for medicated Feed to minimise disease outbreaks.
This is a major growth factor for the medicated feed market. Growing demand for
nutritious meat and dairy products has also spurred the need for medicated
Feed.
The high cost of medicated Feed is a restraining factor for
the market growth. Furthermore, stringent government regulations to be followed
by the manufacturers to get approval for medicated feeds also hinder the market
growth.
Competitive Intensity Within the Industry:
The key players of the Market are responsibly propelling the
market's demand by targeting new growth opportunities. The market is driven due
to growth factors, and the players concentrate these factors to upgrade the
improvements. The industrial players are trying to upgrade the features per
customer demand. Below mentioned is the list of key players of the Medicated
Feed Market.
·
Cargill, Inc. (the US)
·
Hubbard Feeds (US)
·
Aw Ennis (Ireland)
·
Fane Valley Ltd (UK)
·
Glanbia Ireland DAC (Ireland)
·
Lisavaird Co-op. (Ireland)
·
Archer Daniels Midland Co. (US)
·
Alltech (US), Paul & Vincent (Ireland)
·
Biostadt India Ltd (India)
Regional Insights:
The global medicated feed market has been divided into North
America, Asia Pacific, Europe, South America and the Middle East and Africa.
Asia Pacific region held the maximum market share in
2016-2022 and is expected to dominate the market in the forecast period. There
are multiple reasons, such as increasing disposable income and rising
population causing a surge in demand for meat and poultry products, increasing
awareness about medicated Feed among the farmers, and increased health
consciousness among people, leading to a huge demand for nutritious meat and
other animal products.
Market Segmentation:
The Medicated
Feed Market Overview has been divided into amino acids,
enzymes, vitamins, minerals, antibiotics, antioxidants, and probiotics based on
product type. The enzyme segment is expected to grow at the fastest rate in the
forecast period. Enzymes promote bone growth in animals and strengthen the
immune system. The enzymes also improve the digestion of the nutrients present
in the Feed, increasing the quality of meat, eggs, or milk. All these benefits
fuel the demand for enzyme-based medicated Feed.
Based on livestock, the medicated feed market has been
divided into poultry, swine, aquaculture and others. The poultry segment
dominates the global medicated feed market and is estimated to post the highest
CAGR in the forecast period. This is because the constantly rising demand for
good quality poultry products has led to more focus on providing high quality
feeds to the poultry birds.
Based on form, the medicated feed market is divided into
concentrates, supplements, base mixes, and premix feeds. Supplements account
for the largest share because they contain trace elements that correct animals'
nutritional deficiencies. Concentrates is the fastest-growing segment in the
forecast period. The reasons are high digestibility and less bulkiness of the
concentrates.
Industry News:
●In 2019, Phibro Animal Health Corporation acquired Osprey
Biotechnics, thereby adding medicated Feed to its product list.
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