For maintaining the health of animals, oral intake of medicines and other curative products is essentially an ideal way. Curing animals or keeping a check on their health can be attained by adding the right amount of nutritional and functional elements in their fodder on a regular basis. Presence of feed additives in animal fodder is expected to nurture better health for animals, especially for production animals segment. Future Market Insights (FMI) estimates that animal healthcare revenues generated from feed additives sales will account for a majority of market value in the global animal healthcare market.
Quality of foods and other produce derived from livestock breeding depends upon the nutrition provided to animals. Animal feed additives is one of the highly-adopted ways to give nutritional and functional food to animals. Feed additives can be in form of liquids or solids, depending upon the type of fodder and the animal. For companion animals or pets, feed additives are used at times when their normal food does not deliver better immunity against generic diseases. In some cases, animals suffering from health implications are treated by adding medicinal constituents in the form of curative additives to their food.
A majority of global feed additive revenues are concentrated in the production animals segment. Demand for quality dairy and poultry products and preventive steps taken to restrict outbreak of viral disease derived from such products are some crucial factors fostering the growth in animal feed additive revenues. The use of feed additives is set to be highest among domesticated or reared animals, and this segment continues to be the most dominant contributor for animal healthcare revenues generated from feed additives sales. As healthcare products, the feed additive segment has garnered revenues worth over US$ 15 Bn in 2015. To know more on the growing animal healthcare revenues from feed additives and other product sales, access a free sample of FMI’s report at www.futuremarketinsights.com/reports/sample/rep-gb-431.