Published Date : Feb 22, 2016
ALBANY, New York, Feb 22, 2016: MarketResearchReports.biz has added a new research report to its repository of pharmaceutical industry research documents. The report, titled “Global Medicinal Feed Additives Market 2016-2020,” offers a comprehensive overview of the global medicinal feed additives market and points out the key factors affecting the growth of the market during the period between 2016 and 2020. The global medicinal feed additives market is expected to expand at a CAGR of 5.4% during the forecast horizon. The report studies the industry chain structure and analyzes the upstream and downstream components of the global medicinal feed additives market. The report studies the development trends that would define the future growth of the market. It further profiles some of the key players in the market.
Medicinal feed additives constitute veterinary medicines along with other nutritive supplements that are added to animal feed. Medicinal feed additives are widely used to administer vital minerals, vitamins, antibiotics, anti-oxidants, preservatives, and vaccines to animals. They help to maintain animal health, prevent diseases among livestock, and promote growth and feed efficiency. The report points out that rise in animal epidemics has propelled the growth of the global medicinal feed additives market. However, incorrect dosages of veterinary medicines create havoc on the health of animals. The overall medicinal feed additives market has a huge opportunity to grow with the implementation of medicated feed manufacturing compliance programs.
On the basis of product type, the report segments the global medicinal feed additives market into antibiotics, amino acids, antioxidants, vitamins, feed enzymes, and others. The demand for each of the product type across different livestock types such as ruminants, pet, swine, poultry, and others has been analyzed in the report
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The report studies the global medicinal feed additives market across four key regions: APAC, EMEA, North America, and Latin America. The growth of the market across each of the regions has been analyzed in the report. EMEA is the dominant region in the market with the U.K., France, Germany, Poland, and Spain as the major livestock producing countries. The rapid growth of the market in the region can be attributed to a significant rise in animal epidemic cases.
The global medicinal feed additives market is highly fragmented and comprises of international as well as large and small scale suppliers. Describing the competitive hierarchy, the report profiles some of the key players in the global medicinal feed additives market such as Bayer Healthcare, BASF, Cargill, Merck, Evonik Industries, Zoetis, Aliphos, Adisseo, Charoen Pokphand, Champrix, Eli Lilly, NuWest Milling, Wuhan Pharma Chemical, Purina Animal Nutrition, and Westway Feed Products. The report further studies the product portfolio, business segmentation, and geographical presence of the key players.
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