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The Medicated Feed Additives Market is segmented by Type into Antibiotics, Vitamins, Antioxidants, Amino Acids, Prebiotics, Probiotics, Enzymes, and Other Types; by Mixture Type into Supplements, Concentrates, Premixes, and Base Mixes; by Animal Type into Ruminants, Poultry, Swine, Aquaculture, and Other Animal Types; and by Geography.
Fastest Growing Market:
The medicated feed additives market is projected to register a CAGR of 6.5% during the forecast period.
The medicated feed additives market is segmented by type into antibiotics, vitamins, antioxidants, amino acids, prebiotics, probiotics, enzymes, and other types. By mixture type, the market is segmented into supplements, concentrates, premixes, and base mixes. Additionally, the market is segmented by animal type into ruminants, poultry, swine, aquaculture, and other animal types. The market is also segmented by geography to include the key trends in the key markets across North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
|Other Animal Types|
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The usage of antibiotics in the food system is causing increasing concerns among the regulatory bodies in many countries. As early as 2006, the European Union banned the usage of antibiotics in animal feed. Since 2017, the United States Food & Drug Administration banned the use of antibiotics as animal feed supplements. With many countries and regions expected to follow suit, the focus has shifted to other additives that can help reduce the usage of antibiotics for livestock farming. Feed additives, probiotics, prebiotics, and enzymes were found to be the most likely candidates to substitute antibiotics. Probiotics have shown growth promotion and strong scientific evidence for efficacy. They are being commercially used as alternatives to antibiotics. The increasingly stringent regulatory framework related to antibiotics and the increased efficacy of probiotics as a substitute are expected to be the major factors leading to the robust growth of the probiotics segment of the medicated feed additives market.
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Feed production in Asia-Pacific suffered a minor setback in 2019, on account of the spread of the African Swine Fever, especially in China and Southeast Asian countries. However, the region remains the largest geographical segment in the medicated feed additives market.
In 2018, the Chinese government launched a pilot program, aiming at the elimination of antibiotics use in the livestock feed by 2020. The implementation of this policy has been creating an impact on the feed industry in the country. Upgradation of feed formulations, such as raw material composition, for meeting the needs of animals at different growth stages, and feed production management, such as the need to upgrade the feed processing technology and drive the formulation change, are the crucial factors expected to affect the feed manufacturers in the country.
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The medicated feed market is consolidated, with the top global and regional players occupying major market shares. The focus on quality through extensive investments in R&D was the most adopted strategy of the global leading players in the market. Major investments are directed toward product line expansions and innovations for creating new products to retain the existing customer base. The major players in the market are Cargill Inc., Phibro Animal Health Corporation, Zoetis Inc., Alltech Inc., and Kemin Industries, among others.
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.4 Amino Acids
5.1.8 Other Types
5.2 Mixture Type
5.2.4 Base Mixes
5.3 Animal Type
5.3.5 Other Animal Types
5.4.1 North America
18.104.22.168 United States
22.214.171.124 Rest of North America
126.96.36.199 United Kingdom
188.8.131.52 Rest of Europe
184.108.40.206 Rest of Asia-Pacific
5.4.4 South America
220.127.116.11 Rest of South America
5.4.5 Middle East & Africa
18.104.22.168 Saudi Arabia
22.214.171.124 South Africa
126.96.36.199 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Phibro Animal Health Corporation
6.3.2 Provimi Animal Nutrition
6.3.3 Zoetis Inc.
6.3.4 Cargill Inc.
6.3.5 Archer Daniels Midland Company
6.3.6 CHS Inc.
6.3.7 Purina Animal Nutrition (Land O' Lakes)
6.3.8 Adisseo France SAS
6.3.9 Kemin Industries
6.3.10 Alltech Inc.
6.3.11 Biostadt India Limited
6.3.13 HIPRO LTD ST
7. MARKET OPPORTUNITIES AND FUTURE TRENDS