Global Medicinal Feed Additives Market to grow at a CAGR of 5.4% during the period 2016 - 2020; Finds New Report

Report forecast the global medicinal feed additives market to grow at a CAGR of 5.4% during the period 2016-2020.

Medicinal feed additives contain veterinary medicines and other nutritive supplements and are added to animal feed. Consumers and animal farmers use these products as an effective way to administer medicines to animals. These products comprise of essential vitamins, minerals, trace elements, anti-oxidants, antibiotics, vaccines, preservatives, and other related ingredients. They help prevent diseases among livestock, maintain animal health, and promote growth and feed efficiency.

The report covers the present scenario and the growth prospects of the global medicinal feed additives market for 2016-2020. The report presents the vendor landscape and a corresponding detailed analysis of the top six vendors operating in the market. In addition, the report discusses the major drivers influencing the market growth and the challenges faced by vendors and the market as a whole.

The market is divided into the following segments based on type:

• Amino acids
• Antibiotics
• Vitamins
• Antioxidants
• Feed enzymes
• others

According to the report, an increase in animal epidemics is one of the major growth drivers of the market. These epidemic outbreaks cause huge economic damage and can affect human health. With the use of medicinal feed additives, essential nutrients and supplements are provided to animals to gain resistance to such epidemics.

Further, the report states that some challenges restrict the growth of the market such as the inaccurate dosage of veterinary medicines.

Global Medicinal Feed Additives Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Medicinal Feed Additives Market: BASF, Bayer Healthcare, Cargill, Evonik Industries, Merck and Zoetis.

Other Prominent Vendors in the market are: Adisseo, Aliphos, Champrix, Charoen Pokphand, Eli Lilly (Elanco), NuWest Milling, Purina Animal Nutrition, Wuhan Pharma Chemical and Westway Feed Products.

Market driver

• Increase in animal epidemics
• For a full, detailed list, view our report

Market challenge

• Incorrect dosage of veterinary medicines
• For a full, detailed list, view our report

Market trend

• Implementation of medicated feed manufacturing compliance programs
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 78 pages and 57 Exhibit “Global Medicinal Feed Additives Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Global macroeconomic outlook, Market segmentation  by type, Market segmentation by livestock, Market segmentation by geography, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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