(
EMAILWIRE.COM, August 24, 2017 ) The
Medicated Feed Additives market is forecasted to show great potential over the mentioned period. The market has continued to gain momentum with the increased consumption of meat as well as dairy products over the recent years, due to the demands of ever growing population. It has marked an opportunity for the companies to make their way into the market.
Medicated Feed is a type of feed which comprises of all the products which are the source of nutrients in feed for animals. These generally include concentrates, supplements etc. Additives in medicated feed plays an important role in balancing the content on nutrients and thus maintain healthy being and high productivity of animals.
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The market faces various factors that affect its growth rate. Some of them act as drivers while some of them result in hindering the market growth. The drivers for the market include rising awareness about importance of nutrition content in meat, disease outbreak in livestock, increase in disposable income and organization in the livestock industry. The factors acting as restraints are stringent policies by the government on meat production, alternate organic products and risk factor faced by humans as a result of use of medicated feed additives.
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The North America Medicated Feed Additives market is segmented by type, mixture type and livestock. The market segmentation based on type is done into Antibiotics, Antioxidants, Probiotics, Enzymes, Prebiotics, Amino Acids, and Others. The market share was dominated by the enzymes segment. Based on segmentation by livestock the market is categorized into swine, cattle, poultry, aquaculture, pet foods and other livestock. The cattle segment, accounted for the biggest share in the market on the basis of livestock due to increase in cattle meat production in recent years and is expected to grow even further. Lastly, the segmentation is done on the basis of mixture types into premix feeds, supplements, base mixes and concentrates. The concentrates segment accounted for the highest market share. On the basis of geography, the North America market is analysed under various regions namely United States and Canada.
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Zoetis Inc., Cargill, Archer Daniels Midland Company, CHS Inc., Purina Animal Nutrition (Land O’ Lakes), Adisseo France Sas, Alltech Inc. (Ridley), Biostadt India Limited, Zagro, Hipro Animal Nutrtion are some of the major companies dominating the market, by their products and services include.
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