Medicated Feed Additives Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Medicated Feed Additives Market is Segmented By Type(Antioxidants, Antibiotics, Probiotics, Prebiotics, Enzymes, Amino Acids, Others), By Mixture Type(Supplements, Concentrates, Premix feeds, Base Mixes, Others), By Livestock(Swine, Poultry, Cattle, Aquaculture, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Report Overview

The Global Medicated Feed Additives Market is growing at a high CAGR during the forecast period (2024-2031).

Medicated feed refers to all the products intended to be an important source of nutrients in the animal diet. It comprises various dietary elements such as supplements, concentrates, and probiotics. Medical feed additives maintain a healthy amount of nutrients in animal feed, hence increasing productivity while maintaining animal health. The market has benefited from increased knowledge of high-quality, nutrient-dense meat due to the rising population. Medicated feed additives are required to maintain animal health and improve growth and feed efficiency. The rising prevalence of zoonotic and foodborne diseases, which have a high risk of naturally transmitting from animals to humans, has increased essential feed additives that can reduce the development of such diseases in farm animals.

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Market Dynamics

Increasing awareness about meat & dairy products and concerns related to livestock health is driving the market

Medicated feed additives improve the feed's quality and nutritional value. These chemicals aid in animal growth and development while also increasing feed intake. As people become more aware of the benefits of high-quality, nutrient-dense meat, medicated feed additives have increased. The market for medicated feed additives is being driven by rising consumer awareness of meat and dairy products and concerns about livestock health and the industrialization of animal processing products. In the long term, rising incidences of zoonotic and foodborne diseases, which have a high risk of spontaneously transmitting from animals to humans, have increased the use of essential feed additives that can reduce the development of such diseases in farm animals. Medicated feed additives improve the feed's quality and nutritional value. Animals' growth and development are aided by these chemicals, improving feed consumption. As people become more aware of the benefits of high-quality, nutrient-dense meat, medicated feed additives have increased.

Additionally, medicated feed additives are mostly utilized to keep animals healthy and promote greater growth. The ionosphere, buffers, yeast cultures, and bloat prevention help are some of the available medicated feed additives. The action of the chemicals on the body varies, such as rumen fermentation. Medicated feeds, on the other hand, are made according to a legal prescription and should be stopped promptly if unsuitable growth symptoms emerge. As a result, the negative impacts of medicated feeds may limit the growth of the medicated feed additives market. Nonetheless, the rising demand for meat and poultry products worldwide and increasing animal health concerns are projected to open up substantial prospects for the medicated feed additives market in the coming years.

Market Segmentation

Probiotic segment is the fastest growing segment in the global medicated feed additives market

Probiotics are living microorganisms that are used as feed additives or supplements in animals' diets. Probiotics, often known as direct-fed microbials, benefit the host largely through their activity in the animal's gastrointestinal tract. Through contributions to gut health and nutrient utilization, probiotic supplementation can improve animal health and performance. Supplementing farm animals with probiotics, for example, has been shown to improve immunological modulation, structural modulation, and cytokine production, all of which protect the intestinal mucosal lining from infections. Bacillus subtilis is a commonly utilized bacteria in the industry, and it has been demonstrated to increase intestinal villus height. Furthermore, after a Bureau probe revealed it was being widely used to fatten cattle, the Indian government prohibited using a "last chance" antibiotic on farms in 2019 to try to stem the spread of some of the world's most lethal superbugs. Antibiotic alternatives, such as probiotics, organic acids, essential oils, prebiotics, immunological support, epithelial support, and an energy source, are projected to rise in popularity due to the prohibitions. The growing efficacy of probiotics as an alternative and the increasingly severe regulatory environment around antibiotics are likely to be the primary reasons driving the probiotics segment of the medicated feed additives market's robust expansion.

Market Geographical Share

Asia-Pacific is dominating the global medicated feed additives

The spread of African swine fever, particularly in China and Southeast Asian countries, caused a modest slowdown in Asia-Pacific feed supply in 2021. However, in the market for medicated feed additives, the region continues to be the largest geographical segment. The Chinese government initiated a trial program in 2018 to eliminate antibiotics in animal feed by 2020. The feed industry in the country has been affected by the introduction of this policy. Upgrading feed formulations, such as raw material composition, to meet the demands of animals at various stages of development and feed production management, such as the need to upgrade feed processing technology and drive formulation modification, are projected to have a significant impact. Furthermore, due to the ban on antibiotics as growth promoters, cost-effectiveness, and growing awareness of hazardous residual effects, herbal feed additives have become increasingly important in sustainable livestock production. Several feed additives, such as ascorbic acid, prebiotics, probiotics, and herbal extracts, benefit the animal husbandry industry.

Market Competitive Landscape

The global medicated feed additive is fragmented. The medicated feed market is highly consolidated, with large market shares held by the top global and regional companies. The most widely adopted strategy of the worldwide market's major companies was an emphasis on quality through significant investments in R&D. To keep the present consumer base; significant expenditures are made in product line extensions and innovations to create new products. Cargill Inc., Phibro Animal Health Corporation, Zoetis Inc., Bluestar Adisseo Co. Ltd, Archer Daniels Midland Company, Alltech Inc., and Kemin Industries are among the market's key competitors. For example, in 2019, Kemin Animal Nutrition and Health introduced VANNIX C4. This novel phytogenic feed additive complements its full line of chicken gut health solutions, expanding its medicated feed additives offered. Phibro Animal Health Corporation purchased Osprey Biotechnics' business and assets in 2019. Phibro's portfolio for the animal health business, which includes medicated feed additives, was strengthened with the acquisition of Osprey. 

COVID-19 Impact:

Negative impact on the medicated feed additives market

COVID-19 has negatively impacted the market in 2021. The global pandemic has influenced the proper operation of many industries in different parts of the world. Customs clearances, export and import licenses, and phytosanitary certificates were also affected. This was mostly due to reduced government manpower, which caused delays in trade consignments, limiting the availability of various medicated feed additive goods to farmers. During the projected period, reduced demand from food joints and higher transaction costs are expected to have a knock-on effect, driving up the cost of medicated feed additives manufacturing worldwide.