Medicated Feed Additives Market Analysis

Medicated Feed Additives Market Overview

Medicated Feed Additives Market Size was valued at USD 14.90 billion in 2023. The Medicated Feed Additives market industry is projected to grow from USD 15.55 Billion in 2023 to USD 21.74 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.28% during the forecast period (2024-2032). Factors such as reduced government office workers, delayed trade consignments, and farmers having less access to various items that were medicated feed additives will be market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Medicated Feed Additives Market Trends

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  Rising Meat Consumption Among The General Population to Boost Market Growth

  
  

The increase in meat-eating is expected to drive the growth of the medicated feed additives market. The industry has also benefited from rising awareness of the advantages of feed additives and the recent emergence of several diseases. Increased public awareness of illnesses affecting livestock animals, such as swine flu and foot-and-mouth diseases, has led to more significant consumer worries about the safety and quality of meat, leading to the usage of medicated feed additives.

Lonophores, buffers, yeast cultures, and bloat-prevention aids are a few examples of medicated feed additives. Nutrition repartitioning agents include items for animal health, such as fly and worm control and antibiotics for disease prevention. The large variety of premix solutions offered by the medicated feed industry makes it simple for cattle ranchers to employ feed additives safely and effectively. Depending on the type of feed additive, commercially accessible feed additives can be found as cubes, pellets, blocks, or loose minerals. Feed additives cannot be commercialized without authorization following a scientific assessment proving the additive's safety for the environment, animals, and humans. The growth drivers for the market are Epidemic outbreaks in animals and the shift of the livestock industry from an unorganized sector to an organized one. Animals require an appropriate method of providing the desired medicines for better growth to provide humans with the best quality food, milk, and other secondary products. The availability and provision of medicines in the feed are efficient and compliant. This, in turn, is expected to drive the growth of the Medicated Feed Additives Market in the coming years. Such factors are expected to increase the potential of the medical additives market CAGR globally in recent years.

Demand for medicated feed additives is anticipated to increase during the projection period due to concern over zoonotic and foodborne illnesses, such as different strains of bird flu. According to estimates from the European Food Safety Authority (EFSA), 320,000 food-borne and zoonotic diseases are reported annually in EU nations. This will affect the growth of the Medicated Feed Additives market revenue positively.

Medicated Feed Additives Market Segment Insights

Medicated Feed Additives Type Insights

The Medicated Feed Additives market segmentation, based on Type, includes antioxidants, antibiotics, enzymes, and amino acids. The antibiotics segment held the majority share in 2022, contributing to around ~45-47% of the Medicated Feed Additives market revenue. Its substantial percentage is explained by its capacity to increase animal development and immunity. It helps keep animal skin and nail issues at bay. Also, it is critical in preventing brain dysfunction, which can lead to animals' lack of coordination of their muscles. Additionally, the ability of antibiotics to promote growth in livestock is one of the primary factors triggering its market growth. Antibiotics also improve meat quality, producing high protein and less fat content.

Figure 1: Medicated Feed Additives Market, by Type, 2022 & 2030 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Medicated Feed Additives Livestock Type Insights

Based on livestock type, the Medicated Feed Additives market segmentation includes ruminant, poultry, and aquaculture. The poultry segment will account for the largest market share during the forecast period owing to a rising increase in broiler production. Enzymes, antioxidants, vitamins, and acidifiers are a few of the various chicken feed additives that are commercially available and utilized to improve the product's nutritional value. Consumption is rising in developing nations, where rising incomes and urbanization are forcing consumers to diversify their diets. As a result of their expanding populations and high meat consumption rates, developing nations will continue to dominate the poultry feed market, impacting the market growth.

Medicated Feed Additives Category Insights

TheMedicated Feed Additives market data has been bifurcated by category into supplement concentrate, premix feed, and base mix. The supplement concentrate segment will account for the largest market share owing to the rising consumption of dairy products due to their numerous applications and associated health benefits. Because cattle are the primary source of dairy products, including milk, cream, butter, yogurt, and cheese, cattle farming has dramatically risen in many countries. In the upcoming years, this is probably going to increase product demand.

Medicated Feed Additives Regional Insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Asia Pacific Feed Additives market accounted for USD 6.5 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period. This is linked to numerous agricultural economies and a vast cattle population. Due to customers' altering tastes in meat consumption, key firms are likely to expand their offering of poultry feed.

Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

 Figure 2: MEDICATED FEED ADDITIVES MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Medicated Feed Additives market accounts for the second-largest market share due to strongly controlled environmental protection, human health, and well-being. Further, the Germany Medicated Feed Additives market held the largest market share, and the UK Medicated Feed Additives market was the fastest-growing market in the European region

The Asia-Pacific Medicated Feed Additives Market is expected to grow at the fastest CAGR from 2024 to 2032. Throughout the projection period, free trade agreements for nations that are members of the APAC region will favorably affect product growth. Moreover, China Medicated Feed Additives market held the largest market share, and the India Medicated Feed Additives market was the fastest-growing market in the Asia-Pacific region

For instance, India Medicated Feed Additives market will grow with the fastest-growing CAGR during the forecast period. Increasing meat consumption in India, Japan, and China, along with strict laws governing meat quality, is anticipated to continue to be a significant market driver. The robust mill and pet food manufacturing sectors will increase product demand. Consumers' increased health consciousness and the nation's expanding per capita meat consumption will contribute to the industry's expansion.

Medicated Feed Additives Key Market Players & Competitive Insights

The Major market players Market participants are increasing their investments in the research and development departments to produce a vast product portfolio. These players are also taking various strategic initiatives to grow their footprint by undertaking market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Also, the dominant players in the Medicated Feed Additives industry began offering their products at a moderate price.

One of the primary strategies that the market leaders in the Medicated Feed Additives industry are adopting is increasing their regional and local presence. In recent years, Medicated Feed Additives industry has provided products with some of the most significant benefits. The Medicated Feed Additives market major player such as 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) and others are working on expanding the market demand by investing in research and development activities.

Founded in Wilmington, Delaware, and headquartered in Minnetonka, Minnesota, Cargill, Incorporated is a privately held American multinational food conglomerate. Established in 1865, it has the highest revenue of any privately held company in the US. It would be ranked number 15 on the Fortune 500 as of 2015, behind McKesson and before AT&T, if it were a publicly traded business. The trading, buying, and distribution of grain and other agricultural products, including palm oil, trading of energy, steel, and transportation, raising of livestock, and the production of ingredients for feed, including starch and glucose syrup, vegetable oils, and fats for use are some of Cargill's key businesses.

CHS is a Minnesota-based company that owns and manages several food processing, farm supply, financial services, retail, and wholesale enterprises. As one of North America's most extensive c-store networks, it also sells Cenex brand gasoline in 19 midwestern and western states. It shares ownership of vegetable oil processor Ventura Foods with Mitsui & Co. CHS is ranked first among mutuals and cooperatives on the National Cooperative Bank Co-op 100 list (ranked by 2012 revenue) and 96th among U.S. firms on the Fortune 500's 2018 list (ranked by 2017 revenue).

Key Companies in the Medicated Feed Additives market include

• 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), among others

Medicated Feed Additives Market Segmentation

Medicated Feed Additives Market Type Outlook

• Antioxidants


• Antibiotics


• Enzymes


• Amino Acid

Medicated Feed Additives Market Livestock Type Outlook

• Ruminant


• Poultry


• Aquaculture

Medicated Feed Additives Market Category Outlook

• Supplement


• Concentrate


• Premix Feed


• Base Mix

Medicated Feed Additives Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  

• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  

• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  

• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America