Market Analysis
The global medicated additives market is likely to grow at a notable CAGR between 2022- 2030, as per the recent report by Market Research Future (MRFR). Medicated feed additives help to augment the nutrition and quality in animal feed for better health and performance of animals. Such additives improve the production, efficiency, and health of animals.
Various factors are adding to the medicated additives market growth. According to the new MRFR report, such factors include industrialization of animal processed products, concerns about livestock health, surging awareness about dairy and meat products, and increasing awareness about high-quality meat that is rich in nutrients.
On the contrary, the uncertainty of the world economy and various regulatory structures are factors that may limit the medicated additives market growth over the forecast period.
Market Segmentation
The MRFR report offers an inclusive segmental analysis of the global medicated additives market report based on type, livestock type, and category.
By type, the global Medicated Feed Additives Market Overview is segmented into amino acid, enzymes, probiotics and prebiotics, antibiotics, antioxidants, and others. Of these, enzymes will lead the market over the forecast period for their increasing use to develop bones & immune systems in animals. Enzymes help in improving the nutrients digestibility in the feed that in turn, boost the production of different animal products like eggs, meat, and milk.
By livestock type, the global medicated additives market is segmented into aquaculture, swine, poultry, ruminant, and others. Of these, the poultry segment will dominate the market over the forecast period. Poultry production is increasing with the growing consumption of eggs and poultry. Hence, it has become crucial for meat producers to emphasize on the quality of additives. Medicated feed additives are in great demand as it offers nutritional feed for poultry. This will be followed by the aquaculture segment that is likely to grow at a high CAGR over the forecast period for the growing preference for seafood and fish. It is the health benefits of eating seafood and fish that is again driving the growth of this segment.
By category, the global medicated additives market is segmented into the base mix, premix feed, concentrate, supplement, and others. Of these, the supplements segment will have a major share in the market over the forecast period. Supplements are concentrated nutrient sources and thus possess higher nutritive value compared to fibrous fodder, thereby making it perfect for medicated food additives.
Regional Analysis
Based on the region, the global medicated feed additives market report covers the recent trends and growth opportunities across the Americas, Europe, the Asia Pacific (APAC), and the Rest of the World (RoW). Of these, the APAC region will lead the market over the forecast period. Burgeoning demand for quality meat products by the increasing population, increasing incidences of epidemic outbreaks in livestock in India & China, increasing population, and focus of key players on R&D to manufacture medicated feed additives conforming to European regulations are adding to the market growth in the region.
The global medicated feed additives market in North America is predicted to grow at a high CAGR over the forecast period. Rising awareness regarding the health of livestock, raising poultry & swine production, and increased cattle medicated feed additives are adding to the growth of the market in the region. Canada and the US are the major contributors in the region.
The global medicated feed additives market in Europe is predicted to have a healthy growth over the forecast period. Burgeoning need for meat and dairy products, stringent rules in the region regarding animal feed, rising swine and poultry production, and increasing disposable income are adding to the growth of the market in the region. Germany is the largest contributor in this region, along with China & India. Brazil is likely to have major revenue for increased meat production.
The medicated feed additives market in the Rest of the World is predicted to have sound growth over the forecast period for surging demand for meat products and change in consumer lifestyles.
According to the MRFR reports, the global Medicated Feed Additives Market Size is likely to attain a over USD 20.261 Billion by the end of 2030 while flourishing at a healthy CAGR of over 5.1% during the forecasted era.
Key Players
Eminent players profiled in the global medicated feed additives market report include Biostadt India Limited (India), Hipro Ltd STI (Turkey), Zagro (Singapore), Alltech (US), Adisseo (France), Purina Animal Nutrition LLC (US), Zoetis (US), CHS Inc. (US ), Cargill, Incorporated (US ), and Archer Daniels Midland Company (US).
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