With a predicted valuation of $20,499.9 million by 2031 and a continuous CAGR of 6.2% from 2021 to 2031, the global market for medicated feed additives is poised for sustained expansion. The market is expanding as a result of rising meat and dairy product consumption, population growth, growing public concern about livestock health, and industrialisation of processed goods.
The demand for meat and dairy products is rising as the world’s population expands. Through the prevention of illnesses and increased feed efficiency, medicated feed additives are essential for maintaining the health and wellbeing of cattle. Animal feed contains these compounds to improve nutrition, encourage growth, and provide protection from certain diseases. The need for medicated feed additives is fueled by the increased consumption of meat and dairy products, particularly in emerging economies.
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In addition, people are becoming more conscious of the quality of processed food products as well as the health and safety of livestock. Concerns over the possible dangers of animal diseases and the usage of antibiotics in animal husbandry are growing among consumers. In order to maintain the health and wellbeing of livestock and guarantee the high quality and safety of goods obtained from animals, medicated feed additives provide a secure and efficient option. This encourages the market’s expansion by encouraging the use of medicated feed additives throughout the food and agriculture sector.
The consumption of meat and dairy products is rising, population is rising, worries about the health of livestock are growing, and the industrialization of processed goods are all driving the global market for medicated feed additives. Businesses operating in this industry can take advantage of the expanding demand for medicated feed additives to achieve significant growth, with an estimated valuation of $20,000 million by 2031.
Highlighted with 80 tables and 82 figures, this 167-page report “Global Medicated Feed Additives Market 2021-2031 by Product Type (Antibiotics, Vitamins, Antioxidants, Amino Acids, Enzymes, Prebiotics, Probiotics), Mixture Type (Supplements, Concentrates, Base Mix, Premix), Animal Type (Ruminants, Swine, Poultry, Aquaculture, Others), Distribution Channel (Hypermarket/Supermarket, Specialty Stores, Online Sales, Others), and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global medicated feed additives market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
- Market Structure
- Growth Drivers
- Restraints and Challenges
- Emerging Product Trends & Market Opportunities
- Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global medicated feed additives market in every aspect of the classification from perspectives of Product Type, Mixture Type, Animal Type, Distribution Channel, and Region.
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Based on Product Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Antibiotics
- Vitamins
- Antioxidants
- Amino Acids
- Enzymes
- Prebiotics
- Probiotics
- Other Product Types
Based on Mixture Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Supplements
- Concentrates
- Base Mix
- Premix
By Animal Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Ruminants
- Swine
- Poultry
- Aquaculture
- Other Animal Types
By Distribution Channel, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Hypermarket / Supermarket
- Specialty Stores
- Online Sales
- Other Distribution Channels
Geographically, the following regions together with the listed national/local markets are fully investigated:
- North America (U.S., Canada, and Mexico)
- Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
- APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Egypt, Saudi Arabia, South Africa, Other Nations)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of all regional markets by country and split of each national market by Product Type, Mixture Type, and Animal Type over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
- Adisseo France SAS
- Alltech Inc.
- Archer Daniels Midland Company
- BASF SE
- Biostadt India Limited
- Bluestar Adisseo Co., Ltd.
- Cargill Inc.
- CHS Inc.
- Evonik Industries AG
- Hipro Animal Nutrtions (HI-PRO Feeds)
- Kemin Industries Inc.
- Koninklijke DSM N.V
- Novozymes A/S
- Nutreco N.V.
- Phibro Animal Health Corporation
- Provimi Animal Nutrition
- Purina Animal Nutrition (Land O’ Lakes)
- Zagro
- Zoetis, Inc.
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