Market Research Future (Food and Beverages) Medicated Feed Market | Page 3

Medicated Feed Market Research Report – Forecast to 2023 2 Market Overview Medicated feed is any animal feed that contains veterinary drugs. Medicated feed in animal diets helps prevent or treat diseases such as porcine multi-systemic wasting syndrome (PMWS), circovirus, and porcine reproductive and respiratory syndrome (PRRS). Medicated feed is often used in conjunction with other forms of medication such as injections and tablets. It is an effective way of treating animals in a controlled and safe manner. In the US, the Codex Alimentarius Commission (CAC), established by Food and Agriculture Organization of the United Nations (FAO) and World Health Organisation (WHO), sets guidelines for assessment and safety. The global medicated feed market is expected to grow significantly during the forecast period owing to the rising health concerns among cattle owners and the outbreak of various animal diseases. Regional Analysis: Asia-Pacific is expected to dominate the market for medicated feed during the forecast period owing to the frequent outbreak of animal diseases and the growing demand for quality animal products. Livestock farming is a major occupation in developing countries such as India and China for meat, dairy, and other animal by-products such as leather and wool. Improvements in livestock farming methods directly influence the demand for medicated feed, thereby boosting market growth in Asia-Pacific. The medicated feed market in Europe is expected to be the fastest- growing due to the increasing prevalence of chronic diseases in animals as well as technical and scientific progress in the feed industry. Italy and Spain are expected to be the major markets for medicated feed in the region during the forecast period. Page | 3 Copyright © 2017 Market Research Future.