The global medicated feed additives market size is projected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to increase in diseases in livestock, as well as an increase in demand for animal-based protein sources.
Globalization, land encroachment, and climate change all lead to outbreaks of animal diseases such as brucellosis, bovine TB, parasite infections, anthrax, bovine spongiform encephalopathy (BSE), and various influenza virus strains, some of which are transmissible to humans.
Transboundary animal illnesses are highly infectious pandemic diseases that may quickly spread across country boundaries. They produce significant rates of animal loss and disease, resulting in major socio-economic and occasionally public health effects, as well as posing a persistent danger to livestock farmers' livelihoods.
Animal illnesses, particularly livestock diseases, have a huge influence not only on animal health but also on the world food supply. Outbreaks in livestock have a direct impact on the health of the animal population, affecting herd production. When culling is done to suppress epidemics, losses may be suffered indirectly. Hundreds of millions of animals have been slaughtered in the last decade, resulting in billions of dollars in losses.
Emerging cattle illnesses pose a risk to human health as well. Bacterial infections such as bovine TB and Q fever, viral diseases such as Nipah virus and H5N1 avian influenza, and prion diseases such as Bovine spongiform encephalopathy were among them. Notably, influenza viruses were responsible for three of the nine epidemics, while coronaviruses were responsible for two of the nine. Animals are to blame for the bulk of developing human illnesses.
Veterinary drugs are intentionally included in the feed for treating infectious diseases. Antibiotics, antimicrobials, antihistamines, antiprotozoals, and hormones are common veterinary medications used for therapy and prevention in animal husbandry.
By overcoming deficiencies, nutritional difficulties, and performance concerns, feed additives can assist increase the value of animals. Feed digestion issues, a lack of appetite, difficult pregnancies, and a poor bone structure may all be addressed.
In United States the Code of Federal Regulations (CFR), Title 21, Part 558, contains the rules governing the use of medicated feed additives. The Federal Food, Drug, and Cosmetic Act provides the legal foundation for these laws.
Following the COVID-19 outbreak, medicated feed compound is observed a neutral effect on the demand due to a shortage of raw materials and the whole supply chain is interrupted. Despite the fact that feed demand has been largely consistent, the COVID-19 outbreak has had a substantial influence on supply. Labor shortages and mobility restrictions and diseases. Feed delivery has been delayed as a result of the disturbance in supply lines.
Market Trends, Drivers, Restraints, and Opportunities
- Growing instances of various livestock diseases such as avian influenza, swine flu, and food & mouth diseases are key factors driving the market in the coming years.
- Rise in the awareness of high-quality meat, which is rich in nutrients are projected to boost the market during the forecast period.
- Increasing cases of zoonotic and foodborne diseases are estimated to push the market.
- Fast-growing population and increasing global food demand is projected to drive the market.
- New advanced feed machinery technologies are anticipated to drive the demand.
- Rising cost of raw material is expected to hinder the market growth.
- Feed medicine may also get transfers to human while consumption of meat and their byproducts this possess as a challenge for market growth
- Strict government regulation on the feed additives is expected to restrict the growth of the market.
- Innovative technologies to enhance productivity and profits is expected to create lucrative opportunities for the market players.
Scope of the Report
The report on the medicated feed additives market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Medicated Feed Additives Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Animal Type (Poultry, Aquaculture, Ruminants, Swine, and Others), Types (Vitamins, Amino Acids, Antioxidants, Antibiotics, Prebiotics, Probiotics, Enzymes, and Others), Mixture Types (Concentrates, Supplements, Premixes, and Base Mixes)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Cargill Inc.; Alltech Inc.; Zoetis, Inc.; Phibro Animal Health Corporation; Kemin Industries
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Medicated Feed Additives Market Segment Insights
The swine segment is projected to represent a large market share
Based on animal types, the medicated feed additives market is divided into poultry, swine, ruminants, aquaculture, and others. The swine segment is expected to represent a key share of the market during the forecast period owing to its meat is widely consumed in many countries and spreading of deadly diseases in swine such as African swine fever.
The probiotics segment is anticipated to expand at a substantial CAGR
On the basis of types, the medicated feed additives market is segmented into vitamins, amino acids, antioxidants, antibiotics, prebiotics, probiotics, enzymes, and others. The probiotics segment is expected to constitute a key share of the market during the forecast period owing to it is given as supplements to animals which proven to aid in improve digestion and benefited in growth and health stimulators.
The carbohydrase segment is expected to grow at a robust pace
On the basis of mixture types, the medicated feed additives market is divided into concentrates, supplements, premixes, and base mixes. The supplements segment is expected to constitute a key share of the market during the forecast period owing to supplements such as vitamins, minerals aid to raise the amount of energy available to an animal for muscular development and growth.
Asia Pacific segments is expected to Dominate the Market
On the basis of regions, the medicated feed additives market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Asia Pacific is anticipated to expand at an impressive CAGR during the forecast period. The regional market growth can be attributed to rising demand of meat in the region also countries such as India and China are observed to rise in exports of meat and its products.
Segments
The global medicated feed additives market has been segmented on the basis of
Animal Type
- Poultry
- Aquaculture
- Ruminants
- Swine
- Others
Types
- Vitamins
- Amino Acids
- Antioxidants
- Antibiotics
- Prebiotics
- Probiotics
- Enzymes
- Others
Mixture Types
- Concentrates
- Supplements
- Premixes
- Base Mixes
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Competitive Landscape
Key players competing in the medicated feed additives market include Cargill Inc.; Alltech Inc.; Zoetis, Inc.; Phibro Animal Health Corporation; Kemin Industries.
Some of these players are focusing on business strategies including partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
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