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Medicated Feed Market Surges to USD 20.1 Billion by 2030, Propelled by 4.72% CAGR - Verified Market Reports®


News provided by

Verified Market Reports

10 Sep, 2024, 14:30 GMT

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The global medicated feed market is primarily driven by the increasing demand for high-quality animal products, such as meat, milk, and eggs, which necessitates enhanced animal health and productivity. Rising awareness among livestock farmers about the benefits of medicated feed in disease prevention and overall herd health management further fuels market growth. However, the market faces restraints, including stringent regulatory frameworks regarding the use of antibiotics in feed and concerns about antimicrobial resistance.

LEWES, Del., Sept. 10, 2024 /PRNewswire/ -- The Global Medicated Feed Market is projected to grow at a CAGR of 4.72% from 2024 to 2030, according to a new report published by Verified Market Reports®. The report reveals that the market was valued at USD 14.9 Billion in 2023 and is expected to reach USD 20.1 Billion by the end of the forecast period.

Download PDF Brochure: https://www.verifiedmarketreports.com/download-sample/?rid=563318

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Browse in-depth TOC on Medicated Feed Market

202 - Pages
126 – Tables
37 – Figures

Scope of The Report

REPORT ATTRIBUTES

DETAILS

STUDY PERIOD

2021-2030

BASE YEAR

2023

FORECAST PERIOD

2024-2030

HISTORICAL PERIOD

2021-2022

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Evonik, DuPont, DSM, Adisseo, BASF, ADM, Nutreco, Charoen Pokphand Group, Cargill, Sumitomo, Chemical, Kemin Industries, Biomin, Alltech

SEGMENTS COVERED

By Type, By Application, By Geography.

CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope

Global Medicated Feed Market Overview

Increasing Demand for Animal Protein

The global rise in demand for animal protein, including meat, dairy, and eggs, is a significant driver of growth in the medicated feed market. As consumers become more health-conscious, there is a growing preference for high-quality animal products, which necessitates improved animal health and productivity. Medicated feed plays a crucial role in preventing diseases, enhancing growth rates, and ensuring the overall well-being of livestock. This increased focus on efficient and safe animal husbandry practices is pushing the demand for medicated feed products across various regions.

Growing Awareness Among Livestock Farmers

Farmers are becoming increasingly aware of the benefits of using medicated feed to improve the health and productivity of their livestock. This awareness is fueled by the need to reduce the risk of disease outbreaks that can decimate herds and lead to significant financial losses. By incorporating medicated feed into their animal care practices, farmers can proactively manage and prevent diseases, reduce the need for therapeutic interventions, and improve the overall quality of their products. As a result, there is a growing adoption of medicated feed, particularly in regions with large-scale commercial farming operations.

Rising Concerns Over Zoonotic Diseases

Zoonotic diseases, which are transmitted from animals to humans, pose a significant threat to public health and have driven the demand for medicated feed. With the increasing occurrence of zoonotic disease outbreaks, there is a heightened focus on preventing such diseases at the source—within animal populations. Medicated feed helps in controlling and preventing diseases that could potentially spread to humans, ensuring food safety and reducing the risk of public health crises. This concern is particularly pronounced in the wake of global pandemics, leading to increased regulatory support for medicated feed products and further boosting market growth.

To Purchase a Comprehensive Report Analysis: https://www.verifiedmarketreports.com/download-sample/?rid=563318 

Stringent Regulatory Frameworks

The medicated feed market faces significant challenges due to stringent regulatory frameworks imposed by governments and international bodies. These regulations often require extensive testing and approval processes for new medicated feed products, which can delay their introduction to the market. Additionally, there is growing pressure to reduce the use of antibiotics in animal feed due to concerns about antimicrobial resistance. These regulatory hurdles not only increase the cost of compliance for manufacturers but also limit the availability of certain medicated feed products, thereby restraining market growth.

Concerns Over Antimicrobial Resistance

The rising global concern over antimicrobial resistance (AMR) is a major restraint in the expansion of the medicated feed market. The overuse of antibiotics in livestock feed has been linked to the development of antibiotic-resistant bacteria, which can have severe implications for both animal and human health. As awareness of AMR grows, there is increasing scrutiny and opposition to the use of medicated feed containing antibiotics, particularly in regions with strict public health policies. This has led to a push for alternative solutions, reducing reliance on traditional medicated feed products and slowing market expansion.

High Costs of Medicated Feed

The cost of medicated feed is higher than that of regular feed, which can be a significant barrier for small-scale farmers and those in developing regions. The high production costs associated with medicated feed, due to the inclusion of pharmaceuticals and the need for specialized manufacturing processes, are passed on to consumers. For many farmers, especially those operating on tight margins, the added expense can be prohibitive, leading them to opt for less expensive alternatives. This price sensitivity limits the market's growth potential, particularly in price-conscious regions where cost is a critical factor in purchasing decisions.

Geographic Dominance

The Medicated Feed Market exhibits strong geographic dominance, particularly in North America and Europe, where significant growth and adoption have been observed. In North America, the presence of large-scale commercial farming operations, coupled with stringent regulations ensuring animal health and food safety, drives the demand for medicated feed. Europe also shows robust market activity, supported by a well-established livestock industry and a strong focus on disease prevention and animal welfare. Both regions benefit from advanced agricultural practices and high awareness among farmers regarding the benefits of medicated feed, further contributing to their market leadership.

Medicated Feed Market Key Players Shaping the Future

Major players, including Evonik, DuPont, DSM, Adisseo, BASF, ADM, Nutreco, Charoen Pokphand Group, Cargill, Sumitomo, Chemical, Kemin Industries, Biomin, Alltech and more, play a pivotal role in shaping the future of the Medicated Feed Market. Financial statements, product benchmarking, and SWOT analysis provide valuable insights into the industry's key players.

Medicated Feed Market Segment Analysis

Based on the research, Verified Market Reports® has segmented the global Medicated Feed Market into Type, Application and Geography.

To get market data, market insights, and a comprehensive analysis of the Global Medicated Feed Market, please Contact Verified Market Reports®.

  • Medicated Feed Market, By Type
    • Minerals
    • Amino Acids
    • Vitamins
    • Enzymes
  • Medicated Feed Market, By Application
    • Cattle Feeds
    • Sheep Feeds
    • Swine Feeds
  • Medicated Feed Market, By Geography
    • North America
      • U.S
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • ROW
      • Middle East & Africa
      • Latin America

Browse Related Reports:

Global Algal Protein Feed Market By Type (Spirulina, Chlorella), By Application (Animal Feed, Aquaculture Feed), By Geographic Scope And Forecast

Global Premix Medicated Feed Additives Market By Type (Antioxidants, Antibiotics), By Application (Ruminants, Poultry), By Geographic Scope And Forecast

Global Non-medicated Feed Additive Market By Type (Natural Mineral, Probiotics / Prebiotics), By Application (Aquaculture, Poultry), By Geographic Scope And Forecast

Global Medicated Feed Additives Market By Type (Antioxidants, Antibiotics), By Application (Ruminants, Poultry), By Geographic Scope And Forecast

About Us

Verified Market Reports® stands at the forefront as a global leader in Research and Consulting, offering unparalleled analytical research solutions that empower organizations with the insights needed for critical business decisions. Celebrating 10+ years of service, Verified Market Reports has been instrumental in providing founders and companies with precise, up-to-date research data.

With a team of 500+ Analysts and subject matter experts, Verified Market Reports leverages internationally recognized research methodologies for data collection and analyses, covering over 15,000 high impact and niche markets. This robust team ensures data integrity and offers insights that are both informative and actionable, tailored to the strategic needs of businesses across various industries.

Verified Market Reports' domain expertise is recognized across 14 key industries, including Semiconductor & Electronics, Healthcare & Pharmaceuticals, Energy, Technology, Automobiles, Defense, Mining, Manufacturing, Retail, and Agriculture & Food. In-depth market analysis cover over 52 countries, with advanced data collection methods and sophisticated research techniques being utilized. This approach allows for actionable insights to be furnished by seasoned analysts, equipping clients with the essential knowledge necessary for critical revenue decisions across these varied and vital industries.

Verified Market Reports® is also a member of ESOMAR, an organization renowned for setting the benchmark in ethical and professional standards in market research. This affiliation highlights Verified Market Reports' dedication to conducting research with integrity and reliability, ensuring that the insights offered are not only valuable but also ethically sourced and respected worldwide.

Contact Us
Mr. Edwyne Fernandes
Verified Market Reports®
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Email: sales@verifiedmarketreports.com 
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