Global Medicated Feed Additives Market - Segmented by Type, Animal Type, Mixture Type, Geography - Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4515729
  • Report
  • Region: Global
  • 75 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • Adisseo France SAS
  • Alltech Inc.
  • Biostadt India Ltd.
  • Cargill
  • CHS Inc.
  • Hipro Animal Nutrition
  • MORE
The market for medicated feed additives accounted for USD 12.03 billion in 2017 and is expected to reach USD 16.5 billion by 2023. The market is driven by various factors, such as, increasing awareness about the nutritional content in meat, rise in disposable incomes, prevalent outbreak of diseases in animals, organization in the livestock industry, and adoption of various animal husbandry practices for the improvement of meat quality support the potential of this market.

Animal-based medicated feed are proven to be essential in regulating the metabolism and confirm good health. The increase in health awareness in Asia-Pacific has led to a surge in the demand for plant and animal protein. The recent epidemic outbreaks have made the meat quality a critical issue, especially in regions like Europe and North America. The increase in the consumption of animal protein in the area has exerted massive pressure on livestock farmers who are gradually shifting to various scientific methods of farming. Farmers have been observed to face problems while supplying meat according to the pace of demand. The situation has generated an opportunity for medicated feeds and feed additive manufacturers. Further, the need for industrialization of the livestock and meat industry is another driving factor for the market.

Growing Importance of Medicated Feed Additives

A proper method is required to provide the desired medicines to animals, for better growth, which can provide humans with the best quality of food, milk, and other secondary products. The fear of foodborne and zoonotic diseases, like avian flu, are creating a demand for the medicated feed additives. The European food safety authority (EFSA) estimates that 320,000 cases of foodborne and zoonotic diseases occur each year in the EU countries. A global decline in the usage of antibiotics, mainly owing to government bans, contributes to the declining revenue growth of medicated feed additives.

Medicated feed additives are used to prevent an aplasmosis and bloating, treat gastrointestinal worms, reduce the incidence of liver abscesses, control flies, suppress estrus, etc. The title 21 of the code of federal regulations (CFR) part 515 (21 CFR 515) states that individual medicated feed mills are to be licensed with the FDA. The licensed mills are allowed to manufacture animal feeds from category II, type A medicated articles. Category II drugs require a withdrawal period at the lowest use level for at least one significant species for which they are approved, are regulated on a ‘no-residue’ basis or with a zero tolerance. The stringent regulations regarding the use of medicated feed additives are a restraint to the market. In addition, certain medicated feed ingredients are posing a risk to human health thereby hindering the growth of the market.

Key Developments in the Market:
  • February 2018: AFIA called FDA to Streamline Animal Feed Regulations
  • January 2018: EU voted for new regulations for veterinary medicines and medicated feed
Major Players: CARGILL, ZOETIS INC., ARCHER DANIELS MIDLAND COMPANY, PURINA ANIMAL NUTRITION, amongst others.

Reasons to purchase this report
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • Detailed analysis on the product type that is expected to dominate the market
  • Detailed analysis on the regions that are expected to witness fastest growth during the forecast period
  • Identifying the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in excel)
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Adisseo France SAS
  • Alltech Inc.
  • Biostadt India Ltd.
  • Cargill
  • CHS Inc.
  • Hipro Animal Nutrition
  • MORE
1. Introduction
1.1 Study Deliverables
1.2 General Study Assumptions

2. Research Methodology
2.1 Introduction
2.2 Analysis Methodology
2.3 Study Phases
2.4 Econometric Modeling

3. Executive Summary

4. Market Overview and Trends
4.1 Introduction
4.2 Market Trends
4.3 Porter’s Five Forces Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the Industry

5. Market Dynamics
5.1 Drivers
5.1.1 Changed In Livestock Industry from an Unorganized Sector to an Organized Sector
5.2 Restraints
5.2.1 Stringent Regulations for Using Medicated Feed Additives
5.3 Opportunities
5.3.1 More Technical Practices to Increase Quality Meat

6. Global Medicated Feed Additives Market, By Type
6.1 Antioxidant
6.2 Antibiotic
6.3 Probiotic
6.4 Prebiotic
6.5 Enzyme
6.6 Amino Acid
6.7 Others

7. Global Medicated Feed Additives Market, By Animal Type
7.1 Ruminant
7.2 Poultry
7.3 Swine
7.4 Others

8. Global Medicated Feed Additives Market, By Mixture Type
8.1 Supplement
8.2 Concentrate
8.3 Premix Feed
8.4 Base Mix
8.5 Others

9. Global Medicated Feed Additives Market, By Geography
9.1 North America
9.1.1 United States
9.1.2 Canada
9.1.3 Rest of North America
9.2 Asia-Pacific
9.2.1 China
9.2.2 Japan
9.2.3 India
9.2.4 Rest of Asia-Pacific
9.3 Europe
9.3.1 United Kingdom
9.3.2 Germany
9.3.3 France
9.3.4 Russia
9.3.5 Rest of Europe
9.4 Rest of the World
9.4.1 Brazil
9.4.2 South Africa
9.4.3 Others

10. Competitive Landscape
10.1 Introduction
10.2 Market Share Analysis

11. Company Profiles
11.1 Cargill
11.2 Zoetis Inc.
11.3 Zagro
11.4 Archer Daniels Midland Company
11.5 Purina Animal Nutrition
11.6 CHS Inc.
11.7 Adisseo France SAS
11.8 Alltech Inc.
11.9 Hipro Animal Nutrition
11.10 Biostadt India Ltd.

12. Future Outlook

13. Disclaimer
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  • Cargill
  • Zoetis Inc.
  • Zagro
  • Archer Daniels Midland Company
  • Purina Animal Nutrition
  • CHS Inc.
  • Adisseo France SAS
  • Alltech Inc.
  • Hipro Animal Nutrition
  • Biostadt India Ltd.
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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