Market Share of Medicated Feed Additives Industry
The medicated feed market is consolidated, with the top global and regional players occupying major market shares. The focus on quality through extensive investments in R&D was the most adopted strategy of the leading global players in the market. Major investments are directed toward product line expansions and innovations for creating new products to retain the existing customer base. The major players in the market are Cargill Inc., Phibro Animal Health Corporation, Zoetis Inc., Bluestar Adisseo Co. Ltd, Archer Daniels Midland Company, Alltech Inc., and Kemin Industries, among others. For instance, in 2021, Cargill launched its Poultry feed with essential oils under improved Nutrena® Naturewise® formulas. The natural essential oils help in the promotion of egg weight, size, and production, enhanced palatability, and a fresh aroma direct from the bag.
Medicated Feed Additives Market Leaders
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Cargill, Inc.
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Zoetis, Inc.
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Phibro Animal Health Corporation
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Alltech, Inc.
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Kemin Industries
*Disclaimer: Major Players sorted in no particular order
