Global Medicated Feed Additives Market to Reach $13.04 Billion in 2023 - Strong Growth Driven by Increasing Demand for Animal Health and Nutrition

News provided by

Oct 16, 2023, 12:15 ET

DUBLIN, Oct. 16, 2023 /PRNewswire/ -- The "Medicated Feed Additives Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.

The global medicated feed additives market is poised for robust growth, with a compound annual growth rate (CAGR) of 6.3%, increasing from $12.27 billion in 2022 to an estimated $13.04 billion in 2023. This upward trajectory is expected to continue, reaching $15.89 billion by 2027 at a CAGR of 5.1%.

Leading players in the medicated feed additives market include Archer-Daniels-Midland Company (ADM), Cargill Incorporated, CHS Inc., Zoetis Services LLC, Purina Animal Nutrition LLC, Adisseo, Alltech, Zagro, Hi-Pro Feeds, Biostadt India Limited, BASF SE, Evonik Industries AG, Novozymes, Nutreco, and Phibro Animal Health Corporation.

Reasons to Purchase

Gain a comprehensive global perspective with coverage of 50+ geographies.
Understand the market's response to the impact of the coronavirus.
Evaluate the effects of the Russia-Ukraine war on agriculture, energy, mineral commodity supply, and their influence on the market.
Measure market growth in the context of high global inflation.
Develop regional and country strategies based on local data and analysis.
Identify promising growth segments for investment.
Leverage forecast data and market drivers to outperform competitors.
Stay informed about the latest market shares.
Benchmark performance against key competitors.

Medicated Feed Additives Overview

Medicated feed additives are essential in promoting animal health and productivity, offering a range of benefits including nutrition, disease management, and mortality prevention. These additives encompass various types such as antibiotics, vitamins, antioxidants, amino acids, prebiotics, probiotics, enzymes, and more. They serve a wide range of animal types, including ruminants, swine, poultry, aquaculture, and others, using mixture types such as supplements, concentrates, premixes, and base mixes.

Product Innovation

Product innovation is a major trend in the medicated feed additives market, with industry leaders focusing on creating innovative solutions. For instance, Cargill introduced Nutrena Naturewise, an essential oil in chicken feed, to enhance flock health and egg production. Similarly, Archer Daniels Midland (ADM) acquired Deerland Probiotics & Enzymes, aiming to drive innovation in functional foods and dietary supplements.

Asia-Pacific Dominance

In 2022, Asia-Pacific emerged as the largest region in the medicated feed additives market. The market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Additionally, it encompasses countries like Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and the USA.

Rise in Poultry Consumption

The consumption of poultry products is on the rise, driving the demand for medicated feed additives. These additives play a crucial role in preventing and treating diseases like coccidiosis and necrotic enteritis in poultry. For example, according to the United States Department of Agriculture, global poultry imports are expected to increase by 24% from 14.2 million metric tons in 2021 to 17.5 million metric tons in 2031, further fueling the growth of the medicated feed additives market.

About the Medicated Feed Additives Market

The medicated feed additives market includes products such as lonophores, buffers, yeast cultures, and bloat-prevention aids. The market value is determined by revenues generated from the sale of goods and services within the specified market and geography. This value encompasses sales by manufacturers and creators of goods to various entities or end customers.

Key Topics Covered:

1. Executive Summary

2. Medicated Feed Additives Market Characteristics

3. Medicated Feed Additives Market Trends And Strategies

4. Medicated Feed Additives Market - Macro Economic Scenario
4.1. COVID-19 Impact On Medicated Feed Additives Market
4.2. Ukraine-Russia War Impact On Medicated Feed Additives Market
4.3. Impact Of High Inflation On Medicated Feed Additives Market

5. Medicated Feed Additives Market Size And Growth
5.1. Global Medicated Feed Additives Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Medicated Feed Additives Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market

6. Medicated Feed Additives Market Segmentation
6.1. Global Medicated Feed Additives Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

Antibiotics
Vitamins
Antioxidants
Amino Acids
Prebiotics
Probiotics
Enzymes
Other Types

6.2. Global Medicated Feed Additives Market, Segmentation By Animal Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

Ruminants
Swine
Poultry
Aquaculture
Other Animal Types

6.3. Global Medicated Feed Additives Market, Segmentation By Mixture Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

Supplements
Concentrates
Premixes
Base Mixes

7. Medicated Feed Additives Market Regional And Country Analysis
7.1. Global Medicated Feed Additives Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Medicated Feed Additives Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

For more information about this report visit https://www.researchandmarkets.com/r/obu3vn

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets