Market Size of Medicated Feed Additives Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 12.47 Billion |
| Market Size (2029) | USD 16.29 Billion |
| CAGR (2024 - 2029) | 5.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Medicated Feed Additives Market Analysis
The Medicated Feed Additives Market size is estimated at USD 12.47 billion in 2024, and is expected to reach USD 16.29 billion by 2029, growing at a CAGR of 5.5% during the forecast period (2024-2029).
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 and 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 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 Industry Segmentation
Medicated feed additives are fed to animals for nutritional purposes and 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 (antibiotics, vitamins, antioxidants, amino acids, prebiotics, probiotics, enzymes, and other types), mixture type (supplements, concentrates, premixes, and base mixes), animal type (ruminants, poultry, swine, aquaculture, and other animal types), and geography (North America, Europe, Asia-Pacific, South America, and Africa). The report offers market size and forecasts for the medicated feed additives market in terms of volume (thousand metric tons) and value (USD million) for all the above segments.
| Type | |
| Antibiotics | |
| Vitamins | |
| Antioxidants | |
| Amino Acids | |
| Prebiotics | |
| Probiotics | |
| Enzymes | |
| Other Types |
| Mixture Type | |
| Supplements | |
| Concentrates | |
| Premixes | |
| Base Mixes |
| Animal Type | |
| Ruminants | |
| Swine | |
| Poultry | |
| Aquaculture | |
| Other Animal Types |
| Geography | |||||||||
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Medicated Feed Additives Market Size Summary
The medicated feed additives market is poised for significant growth over the forecast period, driven by increasing health awareness and the rising demand for high-quality animal protein. The market's expansion is influenced by the growing incidence of zoonotic and foodborne diseases, which necessitate the use of additives to enhance the nutritional quality and safety of animal feed. The shift towards scientific farming methods and the increasing awareness of the benefits of medicated feed additives are contributing to the market's robust growth. Additionally, the market is experiencing a shift away from antibiotic use in animal feed due to regulatory pressures, particularly in regions like Europe and North America. This has led to a greater focus on alternative additives such as probiotics, organic acids, and essential oils, which are expected to drive the growth of the probiotics segment within the market.
The Asia-Pacific region remains the largest geographical segment in the medicated feed additives market, despite facing challenges such as the African Swine Fever outbreak. The region's market is characterized by significant investments in research and development by leading global players, who are focusing on product innovation and expansion to maintain their market positions. The ban on antibiotics as growth promoters and the increasing importance of herbal feed additives are reshaping the market landscape, promoting sustainable livestock production. Key players in the market, including Cargill Inc., Zoetis Inc., and Kemin Industries, are actively launching new products and forming strategic partnerships to enhance their offerings. These developments underscore the market's dynamic nature and the ongoing efforts to meet the evolving demands of the animal husbandry sector.
Medicated Feed Additives Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Antibiotics
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2.1.2 Vitamins
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2.1.3 Antioxidants
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2.1.4 Amino Acids
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2.1.5 Prebiotics
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2.1.6 Probiotics
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2.1.7 Enzymes
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2.1.8 Other Types
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2.2 Mixture Type
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2.2.1 Supplements
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2.2.2 Concentrates
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2.2.3 Premixes
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2.2.4 Base Mixes
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2.3 Animal Type
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2.3.1 Ruminants
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2.3.2 Swine
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2.3.3 Poultry
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2.3.4 Aquaculture
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2.3.5 Other Animal Types
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.1.4 Rest of North America
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Spain
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2.4.2.5 Russia
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2.4.2.6 Italy
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2.4.2.7 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 India
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2.4.3.3 Japan
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2.4.3.4 Australia
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2.4.3.5 Rest of Asia-Pacific
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle-East and Africa
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2.4.5.1 Saudi Arabia
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2.4.5.2 South Africa
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2.4.5.3 Rest of Middle-East and Africa
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Medicated Feed Additives Market Size FAQs
How big is the Medicated Feed Additives Market?
The Medicated Feed Additives Market size is expected to reach USD 12.47 billion in 2024 and grow at a CAGR of 5.5% to reach USD 16.29 billion by 2029.
What is the current Medicated Feed Additives Market size?
In 2024, the Medicated Feed Additives Market size is expected to reach USD 12.47 billion.
