Animal Medicated Feed Market Size, Share, Growth, and Forecast to 2025Posted by rekha on October 21st, 2019 The global animal medicated feed market is expected to reach US$ 11.2 Bn by 2025. Animal medicated feed is the mixture of animal feed with some medicinal substances, which are used for improving the quality of the feed, development of the immune system in animals, and other nutritional aspects for improving the growth and reproduction rate of the animals. The aspects which are driving the growth of global animal medicated feed market are increasing humanization towards the pet animals and growing adoption of pet animals by humans. Besides, rise in the population desiring for healthy meat and other dairy products, upsurge in the incidence of foodborne and zoonotic diseases in animals, and increasing outlay on animal wellbeing might strengthen the animal medicated feed market over the forecast years. According to European Food Safety Authority (EFSA), about 320,000 cases of zoonotic and foodborne diseases happen every year in European countries. Additionally, deficiency of nutrients in feed owing to soil pollution and growing focus on commercialization of animal treated products are expected to stream the animal medicated feed market growth over the coming years. Conversely, absence of awareness about the animal medicated feed in developing and undeveloped countries, adverse effects associated with the medicated feed, diminished usage of antibiotics due to stringent government policies, and rigorous regulatory policies for the approval of animal medicated feed can obstruct the global animal medicated feed market growth through the forecast period. Global animal medicated feed market is segmented on the basis of product type, route of administration, animal, and region. Request for Sample Report @ https://www.precisionbusinessinsights.com/request-sample?product_id=16630 Vitamins & MineralsDominate the Global Animal Medicated Feed Market Based on the product type, global animal medicated feed market is segmented into antibiotics, anti-oxidants, vitamins & minerals, amino acids, enzymes, and others. Vitamins and minerals dominate the global animal medicated feed market owing to their need for proper metabolism in the body. The conventional food source cannot provide all the necessary vitamins required by the animals so they have to be supplied in the form of medicated feed.
North America Leads the Global Animal Medicated Feed Market
PBI’s global animal medicated feed market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, North America dominated the global animal medicated feed market through 2014-2018 and expected to dominate over 2019-2025 owing to rising awareness about the animal medicated feed, increase in the prevalence of zoonotic diseases by various bacterial and viral infection, and rise in adoption of pet animals. For instance, according to the American Society for the Prevention of Cruelty to Animals (ACSPA), around 3.2 Mn animals are adopted annually in USA. Additionally, their high disposable income is also propelling the growth of animal medicated feed market in the North American region. Europe’s animal medicated feed market is accounted for a significant share in global animal medicated feed market due to its their increasing outlay on animal wellness, rearing of aquatic animals in some European countries such as Ireland, Norway, etc. and growing consumer demand for healthy meat. Asia Pacific’s animal medicated feed market is estimated to rise at a significant rate due to their emerging economies, increase in the prevalence diseases in animals, and there continuous growing population coupled with their increasing demands for the healthy meat and dairy products. Launch of newer products, and strategic alliances are the key strategies adopted by market players
Global animal medicated feed market further reveals that the key player’s increasingly adopting strategies such as acquisitions and mergers, collaborations, and product approval and launches across the globe, long term alliance to improve market revenue share and gaining significant geographic presence across the region.
Key player’s profiles in the report are ADM Animal Nutrition, Inc. (Archer Daniels Midland Company) (USA), Cargill Inc. (USA), Nutreco N.V. (Netherlands), Zinpro Corporation (USA), Alltech Inc. (USA), Zivo Bioscience, Inc. (USA), Koninklijke DSM N.V. (Netherlands), Evonik Industries AG (Germany), Boehringer Ingelheim GmbH (Germany), Novozymes (Denmark), Country Junction Feed (Canada), and BASF SE (USA) to name a few. Precision Business Insights (PBI) in its report titled “Global Animal Medicated Feed Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Detailed Segmentation
By Product Type
By Route of Administration
By Animal
Geography
o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East and Africa (MEA)
For more information: https://www.precisionbusinessinsights.com/market-reports/global-animal-medicated-feed-market/
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