“Medicated Feed Additives Market Report 2019-2023” helps the consumer to take business decisions and to understand strategies of major players in the industry. The report also calls for market-determined results deriving feasibility survey for consumer needs. Global Medicated Feed Additives Market Report ensures qualified and verifiable aspects of market data operating in the real-time scenario. The analytical studies are conducted ensuring consumer needs with a complete understanding of market capacities in the real-time scenario.
Top-Listed Players in Medicated Feed Additives Market Research Report 2019-2023:
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Medicated Feed Additives market reports provide a comprehensive overview of the worldwide market size and share. Medicated Feed Additives market data reports also provide a 5-year historical, forecast for the sector, and include data on social-economic data of global. Key stakeholders can consider statistics, tables & figures mentioned in this report for strategic planning which lead to the success of the organization.
Overview of Medicated Feed Additives Market Report:
The market for medicated feed additives accounted for USD 12.03 billion in 2017 and is expected to reach USD 16.5 billion by 2023. The market is driven by various factors, such as, increasing awareness about the nutritional content in meat, rise in disposable incomes, prevalent outbreak of diseases in animals, organization in the livestock industry, and adoption of various animal husbandry practices for the improvement of meat quality support the potential of this market.
Animal-based medicated feed are proven to be essential in regulating the metabolism and confirm good health. The increase in health awareness in Asia-Pacific has led to a surge in the demand for plant and animal protein. The recent epidemic outbreaks have made the meat quality a critical issue, especially in regions like Europe and North America. The increase in the consumption of animal protein in the area has exerted massive pressure on livestock farmers who are gradually shifting to various scientific methods of farming. Farmers have been observed to face problems while supplying meat according to the pace of demand. The situation has generated an opportunity for medicated feeds and feed additive manufacturers. Further, the need for industrialization of the livestock and meat industry is another driving factor for the market.
Growing Importance of Medicated Feed Additives
A proper method is required to provide the desired medicines to animals, for better growth, which can provide humans with the best quality of food, milk, and other secondary products. The fear of foodborne and zoonotic diseases, like avian flu, are creating a demand for the medicated feed additives. The European food safety authority (EFSA) estimates that 320,000 cases of foodborne and zoonotic diseases occur each year in the EU countries. A global decline in the usage of antibiotics, mainly owing to government bans, contributes to the declining revenue growth of medicated feed additives.
Medicated feed additives are used to prevent an aplasmosis and bloating, treat gastrointestinal worms, reduce the incidence of liver abscesses, control flies, suppress estrus, etc. The title 21 of the code of federal regulations (CFR) part 515 (21 CFR 515) states that individual medicated feed mills are to be licensed with the FDA. The licensed mills are allowed to manufacture animal feeds from category II, type A medicated articles. Category II drugs require a withdrawal period at the lowest use level for at least one significant species for which they are approved, are regulated on a no-residue basis or with a zero tolerance. The stringent regulations regarding the use of medicated feed additives are a restraint to the market. In addition, certain medicated feed ingredients are posing a risk to human health thereby hindering the growth of the market.
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Valuable Points from Medicated Feed Additives Market Research Report 2019-2023:
- A complete background analysis, which includes a valuation of the parental Medicated Feed Additives Market.
- Significant changes in Market dynamics.
- Medicated Feed Additives Market segmentation according to Top Regions.
- Current, Historical, and projected size of the Medicated Feed Additives Market from the viewpoint of both value and volume.
- Reporting and assessment of recent industry developments.
- Medicated Feed Additives Market shares and strategies of key Manufacturers.
- Emerging Specific segments and regional for Medicated Feed Additives Market.
- An objective valuation of the trajectory of the Market.
- Recommendations to Top Companies for reinforcement their foothold in the Market.
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Highlights of the following key factors:
- Business description –A detailed description of the company’s operations and business divisions.
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- Company history –Progression of key events associated with the company.
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- Important locations and subsidiaries –A list and contact details of key locations and subsidiaries of the company.
- Detailed financial ratios for the past five years –The latest financial ratios derived from the annual financial statements published by the company with 5 years history.
Top Most Regions Covered In Medicated Feed Additives Market Research Report 2019-2023:
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