Medicated Feed Additives Market Research Report: Information by Type (Antioxidants, Antibiotics, Enzymes, Amino Acid) Livestock Type (Ruminant, Poultry, Aquaculture) Category (Supplement, Concentrate, Premix Feed, Base Mix) Region - Forecast 2027
ID: MRFR/AGR/5474-HCR | January 2023 | Region: Global | 90 Pages
Speak to Analyst
Request a Free Sample
Medicated Feed Additives Market
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.
$20.261 Billion
5.1%
Asia Pacific
2022-2030
Medicated Feed Additives Market Scenario:
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.
Segmentation:
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.
Regional Market Summary Global Medicated Feed Additives Market Share (%), by Region, 2017
Source: Secondary Sources and MRFR Analysis Asia-Pacific holds the major market share to the increasing demand for quality meat products by the growing population. Rising incidences of epidemic outbreaks in livestock in China and India are also driving the growth of the medicated feed additives in Asia-Pacific. North America is expected to project highest CAGR during the forecast period due to increasing awareness about the health of livestock. The US and Canada are the major contributors to the growth of the North American market. The European market is projected to showcase steady growth due to key players focusing on research and developments in compliance with European regulations, which are the benchmarks for feed additives such as antibiotics. Key Players: Archer Daniels Midland Company (US), Cargill, Incorporated (US), CHS Inc. (US), Zoetis Inc. (US), Purina Mills, LLC (Land O’ Lakes) (US), Adisseo France SAS (France), Alltech Inc. (Ridley) (US), Zagro (Singapore), HIPRO LTD STI (Turkey) and Biostadt India Limited. (India) are some of the key players in the global market. Global Market, by Type
- Antioxidants
- Antibiotics
- Probiotics and Prebiotics
- Enzymes
- Amino Acid
- Others
Global Market, by Livestock Type
- Ruminant
- Poultry
- Swine
- Aquaculture
- Others
Global Market, by Category
- Supplement
- Concentrate
- Premix Feed
- Base Mix
- Others
Global Market, by Region North America
- US
- Canada
- Â Mexico
Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
Asia-Pacific
- Japan
- China
- India
- Australia and New Zealand
- Rest of Asia-Pacific
Rest of the World (RoW)
- South America
- Middle East
- Africa
- Key Players in the Global Market
Intended Audience
- Medicated feed additives producers/processors
- Animal feed manufacturers
- Raw material suppliers and distributors
- Traders, exporters, and importers
Frequently Asked Questions (FAQ) :
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.
