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Global Medicinal Feed Additives Market

Nov. 21, 2018

Global Medicinal Feed Additives Market, By Product Type (Amino Acids, Vitamins, Minerals, Antioxidants, Feed Enzymes, Feed Acidifiers, Prebiotics, Probiotics, Binders, Antibiotics, and Others), By Animal (Livestock, Aquatic, Swine, Cattle, Poultry, Others), Region (North America, Latin America, Europe, Asia-Pacific, Middle East& Africa). Global Forecast, 2020-2025.

Report Code :FMR415      
Pages :196 Pages
Format :   PPT Format   PDF Format

The global medicinal feed additives market was valued at US$ xx million in 2018. This market is estimated to be valued at US$ xx million in the year 2019, and it is expected to reach US$ xx million by the year 2025, with an estimated CAGR of xx% during the forecast period (2020-2025). Rising concerns about the safety and quality of meat and meat products due to numerous outbreaks of disease in livestock, including foot & mouth infections, bird flu, and swine flu in the last decade is expected to drive the global medicinal feed additives market growth. The increase in consumption of meat products due to rising consumer per capita income and the shift in consumer behavior towards protein-rich diets is further expected to foster the market growth.

Table 1. Global Medicinal Feed Additives Market Synopsis

Parameters

Description

Market Value (US$ Mn) for the Period

2018-2025

Base Year

2019

Forecast Period

2020-2025

Market Segmentation (By Product Type)

Amino Acids, Vitamins, Minerals, Antioxidants, Feed Enzymes, Feed Acidifiers, Prebiotics, Probiotics, Binders, Antibiotics, and Others

Market Segmentation (By Animal)

Livestock, Aquatic, Swine, Cattle, Poultry, Others

Regions Covered

North America, Latin America, Europe, Asia-Pacific, Middle East& Africa,

Key Players Coverage

Alltech Inc., Nutriad, Orffa, DSM, BASF SE, Dupont, Andres Pintaluba, S.A, Cargill, Nutreco N.V, Neovia, Archer Daniels Midland Company (ADM), Biomin Holdings GmbH, Dr. Eckel GmbH, Impextraco, IPTSA (Industrial Técnica Pecuaria), Kemin Industries, Lucta, MIAVIT GmbH, Novus International, Inc., and Kaesler Nutrition GmbH, among others

Key Insights

  • Latest Updates
  • Analyst Views
  • Future Outlook of the Market

Market Dynamics

Strong global market preference for processed animal derived products attributable to busy work schedules and increased spending power is expected to boost the market size. The introduction of new technologies and the continuous advancement of finished goods may fuel the growth of the medicinal feed additives industry. For instance, in 2016 Biomin announced to launch its phytogenic feed so as to improve gut health of the animal. Growing life expectancy, limited water availability and optimal feed use in the meat industry should further strengthen product demand. However, various government restrictions on the use of synthetic additives and increasing the cost of production of efficient feed additives may hinder the growth of the industry.

Figure 1. Medicinal Feed Additive Market Scenario Forecast (Likely, Conservative, and Optimistic Scenario), 2019 and 2025 (US$ Mn)

Note: The above figure is shown for illustrative purposes only, the actual data may vary and will be incorporated in the report.

Asia-Pacific is expected to show highest growth in the medicinal feed additives market owing to the increased demand for animal products, rise in population along with disposable income and an increase in demand for premium meat products. China is a major exporter of meat and animal feed additives, backed by good economic outlook and rapid urbanization. Europe is expected to be the second largest market for medicinal feed additives. A good regulatory framework for the ban on antibiotic growth promoters (AGPs) would fuel demand for natural growth promoters (NGPs) to accelerate market growth. As, natural growth promoter are better option compared to antibiotic ones, the owners of various animal farms may prefer natural feeds that may help increase the sales for additives. For instance, EU regulation EU 2019/6 sets out rules for the sale, manufacture, import, export, supply, distribution, control and use of medicinal. Moreover, North America is expected to show significant growth rate due to improve regulations in the U.S and increasing consumption of meat leading to high demand of medicinal feeds. Additionally, the U.S FDA states the act “Federal Food, Drug, and Cosmetic Act” (section 201(f)) which says food, gums can be used by humans, animals, pets and livestock feed.

Figure 2. Regional Analysis

 

Note: Above figure shown for illustrative purpose only, the actual data may vary and will be incorporated in the report.

Competitive Landscape

Key players in global medicinal feed additives market include Alltech Inc., Nutriad, Orffa, DSM, BASF SE, Dupont, Andres Pintaluba, S.A, Cargill, Nutreco N.V, Neovia, Archer Daniels Midland Company (ADM), Biomin Holdings GmbH, Dr. Eckel GmbH, Impextraco, IPTSA (Industrial Técnica Pecuaria), Kemin Industries, Lucta, MIAVIT GmbH, Novus International, Inc., and Kaesler Nutrition GmbH, among others. The leading global players are focusing on Investing in product development to increase performance and profitability. Organizations are resorting to regular mergers and acquisitions in an effort to diversify their commodity mix and broaden their global footprint. For instance, in April 2015, Alltech and Ridley Inc. announced that they had entered into a definitive agreement, which helps Alltech to offer greater efficiency and value to livestock and poultry farmers across the globe.

Figure 3. Market Share of Key Players, 2019

 

Note: Above figure shown for illustrative purpose only, the actual data may vary and will be incorporated in the report.

By Product Type

  • Amino Acids
  • Vitamins
  • Minerals
  • Antioxidants
  • Prebiotics
  • Feed Enzymes
  • Feed Acidifiers
  • Binders
  • Antibiotics
  • Others

By Animal

  • Livestock
  • Aquatic
  • Cattles
  • Swine
  • Poultry
  • Others (Equine, pets, birds, others)

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
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Note:This report provides an in-depth analysis of the global medicinal feed additives market and provides its market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2025), considering 2019 as the base year.

  • What are the trends adopted by the key players in the global medicinal feed additives market?
  • What key factors are expected to increase the demand for medicinal feed additives market during the forecast period 2020-2025?
  • What are the major challenges inhibiting the growth of the global medicinal feed additives market?
  • What is the total market value (US$ Mn) generated in global medicinal feed additives market, by product type, in 2019 and what are the forecasts by 2025?
  • Which animal is expected to dominate the medicinal feed additives market in the coming years?
  • What was the total revenue generated by the global medicinal feed additives market across different regions (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) in 2019, along with CAGR (%) for the period (2020-2025)?
  • Who are the key players contributing to the growth of the global medicinal feed additives market, and what are the new strategies adopted by them to retain a market share in the industry?
  • What is the competitive strength of the key players in the medicinal feed additives market?
  • What new products going to be approved or launched in the coming years which may have huge impact in the market?
  • What insights are derived through the analysis of key players on following parameters: company overview, financial performance, product portfolio, geographical presence, key highlights, and strategies?

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