PUBLISHER: 360iResearch | PRODUCT CODE: 1468005
PUBLISHER: 360iResearch | PRODUCT CODE: 1468005
[198 Pages Report] The Medicinal Feed Additives Market size was estimated at USD 17.00 billion in 2023 and expected to reach USD 18.10 billion in 2024, at a CAGR 6.56% to reach USD 26.54 billion by 2030.
Medicinal feed additives, also known as veterinary or pharmaceutical feed additives, refer to substances that are combined with animal feed to provide health benefits and enhance the overall well-being of livestock. These additives serve various purposes, including the prevention, control, and treatment of diseases, as well as the improvement of feed efficiency and growth rates. As the global population rises, the need for protein-rich foods, such as meat, milk, and eggs, has also increased, driving the need for medicinal feed additives. Additionally, due to the increased vigilance on food safety, there is a substantial interest in sustaining the health of the livestock through preventive medicine, which includes the use of feed additives. However, the development and approval of new feed additives are often costly and time-consuming, restricting the entry of new players. Additionally, stringent regulations and restrictions on the use of certain additives and health issues related to the consumption of medicinal feed additives can hamper the growth of the industry. However, key players are exploring the development of natural, organic, or plant-based additives in response to consumer demands for sustainable and antibiotic-free products and to reduce the adverse impact of medicinal feed additives. Exploration of nanotechnology for improving the delivery and efficiency of feed additives and research on increasing the bioavailability and stability of nutrients and active compounds in feed additives can provide new avenues of growth for the industry.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 17.00 billion |
Estimated Year [2024] | USD 18.10 billion |
Forecast Year [2030] | USD 26.54 billion |
CAGR (%) | 6.56% |
Type: Need for amino acids due to their role in serving as building blocks for proteins and substrates
Amino acids are essential for animal nutrition, serving as building blocks for proteins and playing a vital role in metabolic processes. They are often included in animal feed to ensure optimal growth, development, and health, particularly when dietary intake does not meet an animal's requirements. Lysine, methionine, threonine, and tryptophan are among the most commonly added amino acids in animal feed. Antibiotics have been traditionally used in animal feed to prevent disease and as growth promoters. However, their use has become restricted in recent years due to concerns about antibiotic resistance. Antioxidants are included in animal feed to prevent the oxidation of feed components, which can lead to rancidity and loss of nutritional value. They also play a role in supporting animal health by combatting oxidative stress. Butylated hydroxytoluene (BHT), butylated hydroxyanisole (BHA), and ethoxyquin are common feed antioxidants. Antioxidants are typically favored in feed formulations to preserve feed integrity during storage and transit. Enzymes are added to animal feed to enhance digestibility and nutrient absorption, which can lead to improved feed efficiency and reduced environmental impact. Commonly used enzymes in feed include phytases, proteases, and carbohydrates. Enzyme supplementation is often preferred in diets that include a high proportion of plant-based ingredients known to contain anti-nutritional factors or complex carbohydrates. Probiotics and prebiotics are increasingly popular in animal feed as they focus on promoting gut health and immune function, thereby providing an alternative to traditional antibiotics. Probiotics include beneficial bacteria such as Lactobacillus and Bifidobacterium, while prebiotics, such as inulin and fructooligosaccharides, act as food for these beneficial microbes.
Livestock: Expansion of the poultry sector across the world driving the need for medicinal feed additives
Aquaculture includes the breeding, raising, and harvesting of aquatic organisms. Medicinal feed additives for this sector often include antibiotics, vitamins, and minerals to prevent diseases and encourage growth. The need for high-quality protein sources from fish and shellfish drives the demand for feed additives that enhance the overall productivity of aquaculture systems. Pet owners are becoming increasingly vigilant and conscious of the health and well-being of their animals, demanding high-quality feed additives. Pets typically need additives that promote good coat health, digestion, and overall vitality. Products often include probiotics, vitamins, and fatty acids. The poultry sector involves the use of feed additives such as antioxidants, antibiotics, and enzymes to boost growth, prevent disease, and enhance feed efficiency. Poultry production demands rapid growth rates, which necessitates the need for such additives to ensure a consistent supply of safe and affordable poultry products. Ruminant animals, such as cattle and sheep, require feed additives that aid in the digestion of fibrous plant materials. Additives, including enzymes, probiotics, and specialized proteins, are essential for boosting the health and productivity of these animals, particularly in dairy and beef production. Swine feed additives enhance growth, reproductive health, and meat quality. The focus is often on additives that improve feed conversion ratios and gut health. Antibiotics, although increasingly regulated, have been commonly used alongside prebiotics, probiotics, and acidifiers.
Regional Insights
The Americas, especially the U.S. and Canada, have a well-established market for medicinal feed additives. This region is driven by sophisticated farming practices and high standards of animal health and nutrition. The shift from traditional farming to more industrialized operations and rising consumer awareness about meat quality and safety has led to a need for consistent and high-quality feed additives to maintain animal health on a larger scale. The EMEA region shows diverse characteristics in the medicinal feed additives market. The EU has stringent regulations concerning animal feed, while the Middle East and Africa are experiencing a period of growth influenced by varying factors such as economic development and dietary changes. Innovation and development of alternative products, such as probiotics and prebiotics, are gaining traction within the European market, aligned with the consumer demand for sustainable and responsible animal farming practices. The APAC region acts as a significant region in the medicinal feed additives market due to its growing livestock industry and rising awareness about animal health. Countries such as China, Japan, and India are at the forefront of this expansion. The increase in demand in this region is driven by the growth in protein intake among populations, leading to increased production of livestock to meet the rising food demand.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Medicinal Feed Additives Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Medicinal Feed Additives Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Medicinal Feed Additives Market, highlighting leading vendors and their innovative profiles. These include Adisseo France SAS, Alltech, Inc., Archer-Daniels-Midland Company, Azelis Group, BASF SE, Bentoli, Inc., Biostadt India Ltd., Boehringer Ingelheim International GmbH, Cargill, Inc., CHS Inc., Clariant International Ltd., Elanco Animal Health Incorporated, Evonik Industries AG, EW Nutrition GmbH, Kemin Industries, Inc., Merck & Co., Inc., Nicosia International, Novozymes A/S, Novus International, Inc., Nutreco N.V., Oil-Dri Corporation of America, Orffa, Palital BV, Phibro Animal Health Corporation, Promois International, Purina Animal Nutrition LLC by Land O'Lakes, Inc., Zagro Singapore Pte Ltd., and Zoetis Inc..
Market Segmentation & Coverage
1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
1. What is the market size and forecast of the Medicinal Feed Additives Market?
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3. What are the technology trends and regulatory frameworks in the Medicinal Feed Additives Market?
4. What is the market share of the leading vendors in the Medicinal Feed Additives Market?
5. Which modes and strategic moves are suitable for entering the Medicinal Feed Additives Market?