Global Medical Feed Additives Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

29 Sep, 2021

The medical feed additives market consists of sales of medical feed additives and related services in order to prepare complete food for animals. Medical feed additives help improve the nutritional content and quality of feed, results in better productivity, and prevents animals from diseases. Medical feed additives industry includes companies that produce animal feed additives such as vitamins and probiotic, preservatives, antioxidants, digestibility enhancers, gut flora stabilizers and others.

Global Medical Feed Additives Market Size And Drivers:

The global medical feed additives market is expected to grow from $11.2 billion in 2020 to $13.3 billion in 2021 at a compound annual growth rate (CAGR) of 18.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $16.65 billion in 2025 at a CAGR of 5.8%. Increase in prevalence of diseases among animals is driving the growth of the medicated feed additives market.

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Trends In The Global Medical Feed Additives Market

The medical feed additives market is regulated by government agencies which lay down regulations to be followed by all the manufacturers of veterinary medicines. For instance, the Veterinary Medicines Regulations (VMR) 2013 makes provision for the authorization, manufacturing and classification of veterinary products including medicated feed additives. The Schedule 5 under EU guidelines covers medicated feeding stuffs and specified feed additives which specifies guidance to both manufactures and suppliers of veterinary medicines for incorporating it into animal feed as well as to veterinary surgeons, animal keepers and other members involved in the use of veterinary medicines and SFAs (Specified Feed Additives) in animal feeding stuffs.

Global Medical Feed Additives Market Segments:
The global medical feed additives market is further segmented –
By Type: Antioxidants, Antibiotics, Probiotics & prebiotics, Enzymes, Amino acids
By Mixture Type: Supplements, Concentrates, Premix Feeds, Base Mixes
By Class type: Type A, Type B, Type C
By Geography: The global medical feed additives market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Medical Feed Additives Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides medical feed additives market overviews, analyzes and forecasts market size and growth for the global medical feed additives market, medical feed additives market share, medical feed additives market players, medical feed additives market segments and geographies, medical feed additives market’s leading competitors’ revenues, profiles and market shares. The medical feed additives market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.