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Medicinal Feed Additives Market by Type (Amino Acids, Antibiotics, Antioxidants), Category (Category I, Category II), Mixture Type, Livestock - Global Forecast 2024-2030

Publisher 360iResearch
Published Jun 05, 2024
Length 198 Pages
SKU # IRE18856100

Description

Medicinal Feed Additives Market by Type (Amino Acids, Antibiotics, Antioxidants), Category (Category I, Category II), Mixture Type, Livestock - Global Forecast 2024-2030


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.

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.

Market Insights
  • Market Dynamics

    The market dynamics represent an ever-changing landscape of the Medicinal Feed Additives Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
    • Market Drivers
      • Rise in the Consumption of Animal-Based Products and Growth in Feed Production
      • Increasing Incidences of Disease Outbreaks Leading to Standardization
      • Implementation of Innovative Animal Husbandry Practices
      • Market Restraints
        • Rising Cost of Extraction With Increased Efficacy of Substitutes
        • Market Opportunities
          • Government Ban on Antibiotic Resulting to Development of Alternatives Such as Probiotics, Organic Acids and Essential Oils
          • Increasing Awareness and Expenditure Among People Regarding Animal Healthcare
          • Market Challenges
            • Stringent Regulations For Waste Biomaterials and Wastewater Treatment
            • Market Segmentation Analysis
              • Type: Need for amino acids due to their role in serving as building blocks for proteins and substrates
              • Livestock: Expansion of the poultry sector across the world driving the need for medicinal feed additives
              • Market Disruption Analysis
              • Porter’s Five Forces Analysis
              • Value Chain & Critical Path Analysis
              • Pricing Analysis
              • Technology Analysis
              • Patent Analysis
              • Trade Analysis
              • Regulatory Framework Analysis
              FPNV Positioning Matrix

              The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Medicinal Feed Additives Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment 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, namely 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 assessment of the current state of vendors in the Medicinal Feed Additives Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. 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 these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

              Recent Developments
              • Zenex announces acquisition of Ayurvet

                Zenex, a player in the animal health sector, expanded its market presence by fully acquiring Ayurvet, a company providing Ayurvedic and natural herbal products dedicated to improving the welfare of both livestock and pets. With this acquisition, Zenex diversifies its product range with the inclusion of herbal solutions but also escalates the caliber of its extensive animal health portfolio on a global scale. The integration of Ayurvet's innovative natural remedies is anticipated to enhance Zenex's position in the industry.

                Nutreco invests in BiomEdit, strengthening its partnership to transform feed additives through Biome-actives

                Nutreco, a player in the animal nutrition and aquafeed sectors, has acquired a minority interest in BiomEdit, a biotechnology firm specializing in the animal health microbiome sector. This investment deepens an existing research and commercial collaboration with the goal of propelling the livestock and aquaculture industries forward with novel microbiome-derived feed additives.

                Evonik launches updated Biolys product for animal feeds

                Evonik Industries AG introduced an advanced variant of Biolys, their lysine supplement. This novel formulation boasts a concentration of 62.4 percent L-lysine, translating to an augmented 80% equivalent of Lysine HCl, an increment from the prior 60% L-lysine content. This update not only raises the standard for lysine supplements but also leverages the intrinsic benefits from its fermentation origins, enriching the product with additional nutrients and an energy boost.
              Strategy Analysis & Recommendation

              The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Medicinal Feed Additives Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

              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

              This research report categorizes the Medicinal Feed Additives Market to forecast the revenues and analyze trends in each of the following sub-markets:
              • Type
                • Amino Acids
                • Antibiotics
                • Antioxidants
                • Enzymes
                • Probiotics & Prebiotics
                • Category
                  • Category I
                  • Category II
                  • Mixture Type
                    • Base Mixes
                    • Concentrates
                    • Premix Feeds
                    • Supplements
                    • Livestock
                      • Aquaculture
                      • Pets
                      • Poultry
                      • Ruminants
                      • Swine
                      • Region
                        • Americas
                          • Argentina
                          • Brazil
                          • Canada
                          • Mexico
                          • United States
                            • California
                            • Florida
                            • Illinois
                            • New York
                            • Ohio
                            • Pennsylvania
                            • Texas
                            • Asia-Pacific
                              • Australia
                              • China
                              • India
                              • Indonesia
                              • Japan
                              • Malaysia
                              • Philippines
                              • Singapore
                              • South Korea
                              • Taiwan
                              • Thailand
                              • Vietnam
                              • Europe, Middle East & Africa
                                • Denmark
                                • Egypt
                                • Finland
                                • France
                                • Germany
                                • Israel
                                • Italy
                                • Netherlands
                                • Nigeria
                                • Norway
                                • Poland
                                • Qatar
                                • Russia
                                • Saudi Arabia
                                • South Africa
                                • Spain
                                • Sweden
                                • Switzerland
                                • Turkey
                                • United Arab Emirates
                                • United Kingdom


                                Please Note: PDF & Excel + Online Access - 1 Year

Table of Contents

198 Pages
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Rise in the Consumption of Animal-Based Products and Growth in Feed Production
5.1.1.2. Increasing Incidences of Disease Outbreaks Leading to Standardization
5.1.1.3. Implementation of Innovative Animal Husbandry Practices
5.1.2. Restraints
5.1.2.1. Rising Cost of Extraction With Increased Efficacy of Substitutes
5.1.3. Opportunities
5.1.3.1. Government Ban on Antibiotic Resulting to Development of Alternatives Such as Probiotics, Organic Acids and Essential Oils
5.1.3.2. Increasing Awareness and Expenditure Among People Regarding Animal Healthcare
5.1.4. Challenges
5.1.4.1. Stringent Regulations For Waste Biomaterials and Wastewater Treatment
5.2. Market Segmentation Analysis
5.2.1. Type: Need for amino acids due to their role in serving as building blocks for proteins and substrates
5.2.2. Livestock: Expansion of the poultry sector across the world driving the need for medicinal feed additives
5.3. Market Trend Analysis
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter’s Five Forces Analysis
5.6.1. Threat of New Entrants
5.6.2. Threat of Substitutes
5.6.3. Bargaining Power of Customers
5.6.4. Bargaining Power of Suppliers
5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis
5.9. Client Customization
6. Medicinal Feed Additives Market, by Type
6.1. Introduction
6.2. Amino Acids
6.3. Antibiotics
6.4. Antioxidants
6.5. Enzymes
6.6. Probiotics & Prebiotics
7. Medicinal Feed Additives Market, by Category
7.1. Introduction
7.2. Category I
7.3. Category II
8. Medicinal Feed Additives Market, by Mixture Type
8.1. Introduction
8.2. Base Mixes
8.3. Concentrates
8.4. Premix Feeds
8.5. Supplements
9. Medicinal Feed Additives Market, by Livestock
9.1. Introduction
9.2. Aquaculture
9.3. Pets
9.4. Poultry
9.5. Ruminants
9.6. Swine
10. Americas Medicinal Feed Additives Market
10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States
11. Asia-Pacific Medicinal Feed Additives Market
11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam
12. Europe, Middle East & Africa Medicinal Feed Additives Market
12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom
13. Competitive Landscape
13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
13.3.1. Zenex announces acquisition of Ayurvet
13.3.2. Nutreco invests in BiomEdit, strengthening its partnership to transform feed additives through Biome-actives
13.3.3. Evonik launches updated Biolys product for animal feeds
14. Competitive Portfolio
14.1. Key Company Profiles
14.2. Key Product Portfolio

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