Hyderabad, India -- (SBWIRE) -- 02/22/2018 -- The report " Medicated Feed Additives Market by Type (Antioxidants, Antibiotics, Probiotics, Prebiotics, Enzymes, Amino Acids, Others), by Livestock (Swine, Poultry, Cattle, Aquaculture, Pet foods, others), by Mixture Type (Supplements, Concentrates, Premix Feeds, Base Mixes), and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)", The Global Medicated Feed Additives Market was valued to be worth USD 11.3 billion in 2016 and is calculated to be grow with a CAGR of 5.43% to approximate USD 14.72 billion by 2021. A significant rise in the global consumption levels of meat and growing awareness about a better quality feed act as the key drivers behind the growth of the market.

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Enzymes segment to continue its high growth rate in the forecast period
The market segmentation is done based on type into Antioxidants, Antibiotics, Probiotics, Prebiotics, Enzymes, Amino Acids and Other additives. The necessity of the medicated additives comes with the diseased livestock. They are used both for curing and preventing diseases in livestock. Enzymes segment of the market is the fastest growing segment. This segment is forecast to be the largest market share contributor to the global market by the end of 2021.
Cattle segment to command the largest market share globally

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Based on classification by livestock, the global market is classified into swine, poultry, cattle, aquaculture, pet foods and other livestock. With the increasing care for pet animals around the world, the pet animals' medicated feed additives are to witness a rise in demand. The cattle segment is expected to occupy the biggest global market share through the forecast period. This is due to the increasing consumption of cattle meat globally.

By mixture type, the Concentrates segment to have the quickest growth
Based on categorization by mixture type, the global market is divided into supplements, concentrates, premix feeds and base mixes. The balanced medication given to the livestock through feed is supposed to provide maximum benefit to the livestock while safeguarding its health. In the forecast period, the Concentrates segment is predicted to grow with the highest growth rate when compared to other segments.
North America to dominate the global market scenario until the end of 2021

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According to classification by geography, the global market is examined under North America, Europe, Asia-Pacific and Rest of the World regions. Owing to the high demand for meat, and relatively more scientific livestock farming, North America is expected to occupy almost one-third of the global market share in the forecast period. The Asia Pacific is expected to have a high growth rate due to the developing nations in the region like India and China.

Some leading companies in the global Medicated Feed market include CHS Inc., Purina Animal Nutrition (Land O' Lakes), Archer Daniels Midland Company, Zoetis Inc., Cargill, Biostadt India Limited, Zagro, Hipro Animal Nutrtion, Adisseo France Sas and Alltech Inc. (Ridley).

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