Medicated Feed Additives Industry Overview
|Study Period:||2018 - 2028|
|Fastest Growing Market:||Asia Pacific|
|Largest Market:||Asia Pacific|
*Disclaimer: Major Players sorted in no particular order
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Medicated Feed Additives Market Analysis
The medicated feed additives market is projected to register a CAGR of 5.5% during the forecast period (2022-2027).
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 and 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 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.
Medicated Feed Additives Industry Segments
Medicated feed additives are fed to animals for nutritional purposes and 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 (antibiotics, vitamins, antioxidants, amino acids, prebiotics, probiotics, enzymes, and other types), mixture type (supplements, concentrates, premixes, and base mixes), animal type (ruminants, poultry, swine, aquaculture, and other animal types), and geography (North America, Europe, Asia-Pacific, South America, and Africa). The report offers market size and forecasts for the medicated feed additives market in terms of volume (thousand metric tons) and value (USD million) for all the above segments.
|Other Animal Types|
Medicated Feed Additives Market Trends
This section covers the major market trends shaping the Medicated Feed Additives Market according to our research experts:
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 has 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. Other antibiotic colistin was banned due to its unwanted use in the poultry industry. These bans are expected to increase the uptake of antibiotic alternatives, such as probiotics, organic acids, essential oils, prebiotics, immune support, epithelial support, and 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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Asia-Pacific Leads the Global Market
Feed production in Asia-Pacific suffered a minor setback in 2019, on account of the spread of the African Swine Fever, especially in China and Southeast Asian countries. However, the region remains the largest geographical segment in the medicated feed additives market. In 2018, the Chinese government launched a pilot program aiming at the elimination of antibiotics used in livestock feed by 2020. The implementation of this policy has been creating an impact on the feed industry in the country. Upgradation of feed formulations, such as raw material composition, for meeting the needs of animals at different growth stages, and feed production management, such as the need to upgrade the feed processing technology and drive the formulation change, are the crucial factors expected to affect the feed manufacturers in the country. Furthermore, the ban on antibiotic use as growth promoters, cost-effectiveness, and increased awareness about harmful residual effects has resulted in herbal feed additives gaining importance in sustainable livestock production. The animal husbandry sector gets benefits from several feed additives such as ascorbic acid, prebiotic, probiotic, and herbal extracts.
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Medicated Feed Additives Market Competitor Analysis
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 Top Players
Phibro Animal Health Corporation
*Disclaimer: Major Players sorted in no particular order
Medicated Feed Additives Market Recent Developments
- In November 2021, Kemin Industries launched a new solution in Europe, TOXFIN® CARE in feed, focused on safeguarding animal organs and tissue from damage caused by mycotoxins.
- In October 2021, Cargill launched its Poultry feed with essential oils under improved Nutrena® Naturewise® poultry feeds. These formulas contain prebiotics, probiotics, plant extracts, vitamin D3, and Yucca schidigera extract.
- In February 2020, Bluestar Adisseo Company partnered with the world’s leading alternative protein producer Calysta to develop Feedkind, an innovative feed solution for aquaculture.
- In November 2020, Archer Daniels Midland Company launched its Wisium, Premix, and Nutrition service brands in eastern Canada. This expansion provides scope to innovate value-added nutrition programs for all livestock species.
Medicated Feed Additives Market Report - Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.4 Amino Acids
5.1.8 Other Types
5.2 Mixture Type
5.2.4 Base Mixes
5.3 Animal Type
5.3.5 Other Animal Types
5.4.1 North America
22.214.171.124 United States
126.96.36.199 Rest of North America
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
220.127.116.11 Rest of Asia-Pacific
5.4.4 South America
18.104.22.168 Rest of South America
5.4.5 Middle-East and Africa
22.214.171.124 Saudi Arabia
126.96.36.199 South Africa
188.8.131.52 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Phibro Animal Health Corporation
6.3.2 Provimi Animal Nutrition
6.3.3 Zoetis Inc.
6.3.4 Cargill Inc.
6.3.5 Archer Daniels Midland Company
6.3.6 CHS Inc.
6.3.7 Purina Animal Nutrition (Land O' Lakes)
6.3.8 Adisseo France SAS
6.3.9 Kemin Industries
6.3.10 Alltech Inc.
6.3.11 Biostadt India Limited
6.3.13 HI-PRO Feeds
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
Medicated Feed Additives Market Research FAQs
What is the study period of this market?
The Medicated Feed Additives Market is studied from 2018 - 2028.
What is the growth rate of Medicated Feed Additives Market?
The Medicated Feed Additives Market is growing at a CAGR of 5.5% over the next 5 years.
Which region has highest growth rate in Medicated Feed Additives Market?
Asia Pacific is growing at the highest CAGR over 2018 - 2028.
Which region has largest share in Medicated Feed Additives Market?
Asia Pacific holds highest share in 2021.
Who are the key players in Medicated Feed Additives Market?
Cargill, Inc., Zoetis, Inc., Phibro Animal Health Corporation, Alltech, Inc., Kemin Industries are the major companies operating in Medicated Feed Additives Market.
Medicated Feed Additives Industry Reports
In-depth industry statistics and market share insights of the Medicated Feed Additives sector for 2020, 2021, and 2022. The Medicated Feed Additives research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Medicated Feed Additives report PDF.