global-medicinal-feed-additives-segmented-products-livestock-trends-forecasts-industry
Published

December 2016

Global Veterinary Medicinal Feed Additives Market Segmented by Products, by Livestock & by Geography - Trends & Forecasts (2017-2022)

Purchase Report
$4250
Single user license
$4500
Team license
$8750
Corporate license

The global market for veterinary medicinal feed additives is currently estimated to be valued at USD 289.49 million for the year 2016 and is poised to reach USD 537.64 million by the end of 2021. The CAGR during this period of the forecast is 13.18%.

Typical feed additives include vitamins, trace elements, preservatives, and anti-oxidants. Increasing zoonotic and waterborne diseases in animals are a triggering factor for growth in this market. Epidemics such as bird flu and other diseases such as foot-and-mouth disease and environmental concerns have led to increased concern over animal health around the globe, due to which meat producers have increased their focus on feed quality and certification.

Global Veterinary Medicinal Feed Additives Market- Market Dynamics

The feed additives market has been influenced by increasing consumption of meat products, transforming feed additives into a lucrative business.

Drivers

Some of the key factors driving the market towards growth are:

  • Increasingly health conscious consumers
  • Continued breakthroughs in research and development
  • Expanding commercial applications
  • Increase in pet ownership
  • Improved nutrition
  • Intensifying consumer focus on food safety
  • Greater livestock production rates
  • Increasing foodborne diseases

Restraints

Listed below are some of the factors restraining market growth.

  • Prolonged period of economic recession
  • Increasing raw material cost
  • Regulatory structure
  • Scarcity of arable land and water
  • Increased competition for cultivated land and cost effective production

In the country-wise analysis, it is seen that North America and Asia-Pacific are the top two consumers of feed additives in the world, together accounting for more than 60% of the consumption. Asia-Pacific is estimated to be the fastest-growing region for medicinal feed additives in terms of revenue. Growth is particularly high in emerging countries such as China, India, and Brazil, because of the increasing income levels and rising per capita meat consumption. 

The global veterinary medicinal feed additives market can be segmented on the basis of products (Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Acidifiers, Prebiotics & Probiotics, Minerals, etc), by livestock (Swine, Poultry, Cattle, Aquaculture, etc) and geography (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa).

Some of the key players in the market are:

  • Bayer healthcare
  • Ceva Animal Health, Inc.
  • Elanco
  • Merck
  • Merial (Animal Health Division of Sanofi)
  • Virbac
  • Zoetis Animal Healthcare

What the Report Offers

  • Market definition for the global veterinary medicinal feed additives market along with identification of key drivers and restraints for the market.
  • Market analysis for the veterinary medicinal feed additives market, with region-specific assessments and competition analysis on a global and regional scale.
  • Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market on a global and regional scale.
  • Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share. 
  • Identification and analysis of the macro and micro factors that affect the veterinary medicinal feed additives market on both global and regional scale.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
RELATED REPORTS

Confused about which report to get?

Download a full report to understand our capabilities
Purchase Report
$4250
Single user license
$4500
Team license
$8750
Corporate license
Our Clients Include View All

Looking to Customize Report?