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COVID-19 Impact On Medicated Feed Additives Market Size, Global Industry Analysis, Share, Growth, Trends Forecast To 2023

Market Highlights

Medicated feed additives in animal feed help improve quality and nutrition for the better performance and health of the animal. Medicated feed additives improve health, efficiency, and production levels of animals.

Based on type, the global Medicated Feed Additives Market Size  has been segmented into antioxidants, antibiotics, probiotics and prebiotics, enzymes, amino acid, and others. The enzymes segment accounted for the largest market share in 2017 and is expected to grow at a high rate during the forecast period as enzymes are used for the development of bones and immune systems in animals. Enzymes improve the digestibility of nutrients in the feed, which, in turn, increases the production of various animal products such as milk, meat, and eggs.

The global medicated feed additives market has been segregated, by livestock type, into ruminant, poultry, swine, aquaculture, and others. Poultry production has been increasing with the rising consumption of poultry meat and eggs. Thus, it has become vital for meat producers to focus on the quality of additives. The demand for medicated feed additives is increasing to provide nutritional feed for poultry.

Regional Analysis

Based on region, the global medicated feed additives market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is expected to dominate the global medicated feed additives market owing to increasing awareness about the health of livestock, especially in China and India.

Asia-Pacific dominates the market for medicated feed additives as these products are necessary to regulate metabolism and maintain good health in animals. China and India are projected to contribute to the growth of the regional medicated feed additives market. China is projected to be the largest country-level market for meat products, with the use of medicated feed additives increasing to maintain health and reduce the outbreak of diseases.

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The global medicated feed additives market has been segmented based on type, livestock type, category, and region.

By type, the global medicated feed additives market has been classified as antioxidants, antibiotics, probiotics and prebiotics, enzymes, amino acid, and others.

Based on livestock type, the global medicated feed additives market has been divided into ruminant, poultry, swine, aquaculture, and others.

The global medicated feed additives market has also been segregated, on the basis of category, into supplement, concentrate, premix feed, base mix, and others.

Key Players

Some of the key players in the global medicated feed additives market are Archer Daniels Midland Company (US), Cargill, Incorporated (US ), CHS Inc. (US ), Zoetis (US), Purina Animal Nutrition LLC (US), Adisseo (France), Alltech (US), Zagro (Singapore), Hipro Ltd STI (Turkey), and Biostadt India Limited (India).

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