Medicated Feed Additives Global Market Report 2024

The medicated feed additives market has grown strongly in recent years. It will grow from $13.04 billion in 2023 to $13.8 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth observed in the historical period can be attributed to factors such as the prevalence of animal diseases, the optimization of feed efficiency, government regulations emphasizing feed safety, the globalization of the feed additives market, and the preventive use of feed additives in disease control programs.

The medicated feed additives market is expected to see strong growth in the next few years. It will grow to $16.81 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The anticipated growth in the forecast period can be ascribed to factors such as the increase in aquaculture production, a heightened focus on gut health and digestive function, the adoption of sustainable and ethical farming practices, ongoing research in antimicrobial peptides, and global initiatives aimed at disease eradication. Significant trends in this forecast period include substantial investments in research and development, innovations in product offerings, and advancements in animal feed.

The anticipated increase in the consumption of poultry products is set to drive the growth of the medicated feed additives market in the future. Poultry products encompass any poultry carcass or products made wholly or partially from poultry carcasses, even those with a minimal poultry ingredient percentage. Medicated feed additives play a crucial role in preventing and treating coccidiosis, a parasitic intestinal tract disease in animals caused by coccidian protozoa, as well as necrotic enteritis, an enteric disease in poultry. The surge in poultry product consumption is expected to boost the demand for medicated feed additives to maintain poultry health. For instance, as of August 2022, the United States Department of Agriculture reported global poultry imports of 14.2 million metric tons in 2021, with an estimated 24% increase to reach 17.5 million metric tons by 2031. Consequently, the rise in poultry product consumption is a driving factor in the growth of the medicated feed additives market.

The increasing adoption of livestock farming is poised to propel the medicated feed additives market's growth in the future. Livestock farming, also known as animal husbandry, involves the breeding, raising, and management of domesticated animals for various purposes. In the context of livestock farming, medicated feed additives play a pivotal role in disease prevention, health improvement, growth rate enhancement, performance optimization, nutrition optimization, mortality rate reduction, and feed utilization efficiency improvement. As of 2021, Eurostat reported a livestock population in the European Union of approximately 142 million pigs, 76 million bovine animals, 60 million sheep, and 11 million goats. Therefore, the increasing adoption of livestock farming is a key driver for the growth of the medicated feed additives market.

Product innovation emerges as a prominent trend gaining traction in the medicated feed additives market. Major market players are directing their efforts toward creating innovative products, including the development of new active ingredients, alternative delivery systems, combination products, and precision medicine. In October 2021, Cargill, a global food corporation based in the United States, introduced Nutrena Naturewise, an essential oil in chicken feed designed to promote a healthy flock and increase egg production. This product enhances egg weight, size, production, palatability, and provides eggs with a fresh aroma straight from the bag.

Major companies in the medicated feed additives market are prioritizing advanced next-gen solutions to drive market revenues. Advanced medicated feed additives typically offer a higher concentration of L-lysine for animal feed. In June 2023, Evonik Industries AG, a Germany-based chemicals company, launched biolys, a product derived through a fermentation process that produces additional nutrients and energy beneficial to livestock, such as pigs and poultry. The fermentation process transforms corn-based sugar dextrose into L-lysine. This innovative solution allows clients to more efficiently provide essential amino acid L-lysine to their animals, achieving the same results with fewer products.

In November 2021, Archer Daniels Midland (ADM), a US-based processor of human and animal nutrition, acquired Deerland Probiotics & Enzymes for an undisclosed amount. This strategic acquisition aims to fuel growth, strengthen ADM's innovation leadership in functional foods and dietary supplements, and serve clients globally. Deerland Probiotics & Enzymes Inc., a US-based company specializing in probiotic-based formulations and enzymes, including medicated feed additives, contributes to ADM's expansion in the market.

Major companies operating in the medicated feed additives market report are Archer-Daniels-Midland Company, Cargill Incorporated, CHS Inc., Zoetis Services LLC, Purina Animal Nutrition LLC, China National Bluestar (Group) Co. Ltd., Alltech, Zagro Corporation, Hi-Pro Feeds, Biostadt Limited, BASF SE, Evonik Industries AG, Novozymes A/S, Nutreco NV, Phibro Animal Health Corporation, Chr. Hansen A/S, Red Nucleus LLC, MITSUI & Co. Ltd., FEED ONE Co. Ltd., NOSAN CORPORATION, Kemin Industries Inc., Provimi Holding BV, Lallemand Inc., Novus International Inc., DSM Nutritional Products AG, DuPont de Nemours Inc., Trouw Nutrition International B.V., Koninklijke DSM N.V., Solvay SA, Ajinomoto Co. Inc.

Asia-Pacific was the largest region in the medicated feed additives market in 2023. The regions covered in the medicated feed additives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the medicated feed additives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of medicated feed additives include antibiotics, vitamins, antioxidants, amino acids, prebiotics, probiotics, enzymes, and others. Antibiotics are medications used both for the prevention and treatment of bacterial infections. These additives are administered to various animal types, including ruminants, swine, poultry, aquaculture, and others, using a variety of mixture types such as supplements, concentrates, premixes, and base mixes.

The medicated feed additives market research report provides medicated feed additives market statistics, including medicated feed additives industry global market size, regional shares, competitors with a medicated feed additives market share, detailed medicated feed additives market segments, market trends and opportunities, and any further data you may need to thrive in the medicated feed additives industry. This medicated feed additives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The medicated feed additives market consists of sales of lonophores, buffers, yeast cultures, and bloat-prevention aids. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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