Medicated Feed Additives Market growth at a rate of 5.1% in the forecast period of 2022 to 2030 and is further estimated to reach 20.261 USD billion by 2030.
Medicated feed additives are veterinary medicines and nutrients that are added to livestock feed. They are an effective method of dispensing medicines to animals. These additives consist of essential minerals, vitamins, antioxidants, trace elements, antibiotics, preservatives, and other related ingredients. The medicated feed additives market has been growing over the past few years due to increasing disease outbreaks in animals. Additionally, additives aid to improve feed efficiency and maintain the health of the livestock.
The market has been segmented based on type, livestock type, category, and region. By type, the market has been classified as antioxidants, antibiotics, probiotics and prebiotics, enzymes, amino acid, and others. On the basis of livestock type, the medicated feed additive market has been divided into ruminant, poultry, swine, aquaculture, and others. The medicated feed additive market has also been segregated, on the basis of category, into a supplement, concentrate, premix feed, base mix, and others. The medicated feed additive market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North American market has further been segmented into the US, Canada, and Mexico. The European market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The market in the rest of the world has been segmented into South America, the Middle East, and Africa.
On the basis of type, the enzymes segment, on the basis of livestock, the aquaculture segment, and on the basis of category, the supplements segment, accounts for the major shares in the global medicated feed additives market.
Rising meat consumption, industrialization of livestock, and increasing disease outbreaks in animals, are major tailwinds pushing the growth of the global medicated feed additives market.
Asia Pacific holds the largest share in the global medicated feed additives market, followed by North America and Europe, respectively.
Archer Daniels Midland Company (US), CHS Inc. (US), Cargill, Incorporated (US), Zoetis Inc. (US), Adisseo France SAS (France), Purina Mills, LLC (Land O’ Lakes) (US), Alltech Inc. (Ridley) (US), HIPRO LTD STI (Turkey), Zagro (Singapore), and Biostadt India Limited. (India), are some of the top players operating in the global medicated feed additives market.
Strategic initiatives such as mergers & acquisitions, collaborations, expansion, and technology/ product launch are some of the growth strategies that players operating in the global Medicated feed additives market adopt to gain a larger competitive advantage.