Medicated Feed Additives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The Global Medicated Feed Additives Market was valued at USD 10.68 billion in 2020 and the market is projected to register a CAGR of 5.2% during the forecast period (2021-2026). 

The market was negatively impacted by COVID-19 in 2020. The global pandemic has shown an impact on the proper functioning of various industries in various regions. It affected customs clearances, export permits, import permits, and phytosanitary certificates. This was primarily due to reduced staffing of government offices, which delayed the consignments meant for trade, which reduced the availability of several medicated feed additive products to the farmers. Suppressed demand from the food joints and increased transaction costs is expected to have a knock-on effect that will push the cost of the medicated feed additives production up across the world during the forecast period.

Over the medium term, increasing incidences of zoonotic and foodborne diseases, which have high chances of being naturally transmitted from animals to humans, led to the rising usage of the key feed additives that can minimize the occurrence of such diseases in farm animals. Medicated feed additives improve the quality and nutritional content of the feed. These additives help in the growth and development of animals and increase feed intake. An increase in the awareness of high-quality meat, which is rich in nutrients, has resulted in an increase in the usage of medicated feed additives.

The increases in health awareness in Asia-Pacific led to a surge in the demand for plant and animal proteins. However, the recent epidemic outbreaks have made meat quality a critical issue, especially in regions, like Europe and North America. The increase in applications of animal protein in the region exerted massive pressure on livestock farmers, who are gradually shifting to various scientific methods of farming.

Scope of the report

Medicated Feed Additives are fed to animals for nutritional purposes, medicinal purposes, to prevent, treat, or control bacterial infections, coccidiosis, and worms, and to prevent mortality. The necessary utilization of medicated feed additives is to maintain good animal health and enhance growth and feed effectiveness. The medicated feed additives market is segmented by type, mixture type, animal type, and geography. By Type, the market is segmented into Antibiotics, Vitamins, Antioxidants, Amino Acids, Prebiotics, Probiotics, Enzymes, and Other Types. By Mixture Type, the market is segmented into Supplements, Concentrates, Premixes, and Base Mixes. By Animal Type, the market is segmented into Ruminants, Swine, Poultry, Aquaculture, and Other Animal Types. The report also covers the market sizes and forecasts for the Medicated Feed Additives market in 17 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of volume (thousand metric ton) and value (USD million).

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Key Market Trends

Ban on Antibiotics Leading to Growth in Other Segments

The usage of antibiotics in the food system is causing increasing concerns among the regulatory bodies in many countries. As early as 2006, the European Union banned the usage of antibiotics in animal feed. Since 2017, the United States Food & Drug Administration banned the use of antibiotics as animal feed supplements. With many countries and regions expected to follow suit, the focus has shifted to other additives that can help reduce the usage of antibiotics for livestock farming. 

Recently, in 2019, the Indian government banned the use of a “last hope” antibiotic on farms to try to halt the spread of some of the world’s most deadly superbugs, after a Bureau investigation revealed it was being widely used to fatten livestock. These bans are expected to increase the uptake of antibiotic alternatives, such as probiotics, organic acids, essential oils, prebiotics, immune support, epithelial support, an energy source, for improving meat quality and production. The increasingly stringent regulatory framework related to antibiotics and the increased efficacy of probiotics as a substitute is expected to be the major factors leading to the robust growth of the probiotics segment of the medicated feed additives market.

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