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The Medicated Feed Additives Market is segmented by Type (Antibiotics, Vitamins, Antioxidants, Amino Acids, Prebiotics, Probiotics, Enzymes, and Other Types) by Mixture Type (Supplements, Concentrates, Premixes, and Base Mixes) by Animal Type (Ruminants, Poultry, Swine, Aquaculture, and Other Animal Types) and by Geography(North America, Europe, Asia-Pacific, South America, and Africa). The report offers market size and forecasts for Medicated Feed Additives in volume (thousand metric tons) and value (USD million) for all the above segments.
2016 - 2026
Fastest Growing Market:
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.
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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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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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 use in the 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 effect has resulted in herbal feed additive to gain importance in sustainable livestock production. The animal husbandry sector gets benefited from several feed additives such as ascorbic acid, prebiotic, probiotic, and herbal extracts.
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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 global leading 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 2019, Kemin Animal Nutrition and Health launched VANNIX C4, a novel phytogenic feed additive, that joins the comprehensive lineup of poultry gut health solutions which expanded their portfolio in the medicated feed additives segment.
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 (Market Size by Volume - thousand metric tons and Value - USD million)
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
126.96.36.199 United States
188.8.131.52 Rest of North America
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
18.104.22.168 Rest of Asia-Pacific
5.4.4 South America
22.214.171.124 Rest of South America
5.4.5 Middle East & Africa
126.96.36.199 Saudi Arabia
188.8.131.52 South Africa
184.108.40.206 Rest of Middle East & 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