DUBLIN, August 13, 2021 / PRNewswire / – Global Medical Feed Additives Market Report 2021: COVID-19 Impact and Recovery by 2030 report has been added to ResearchAndMarkets.com’s offering.
The global market for medical feed additives is expected to be driven by $ 11.2 billion in 2020 to $ 13.3 billion in 2021 with an average annual growth rate (CAGR) of 18.8%. The market is expected to reach $ 16.65 billion in 2025 at a CAGR of 5.8%.
Key players in the medical feed additives market are Zoetis Inc., Cargill, CHS Inc., Purina Animal Nutrition (Land O’Lakes), and Archer Daniels Midland Company.
The medical feed additives market includes the sale of medical feed additives and related services for the manufacture of complete feed for animals. Medicinal feed additives help improve the nutritional content and quality of feed, lead to better productivity and prevent disease in animals. The medical feed additives industry includes companies that make animal feed additives such as vitamins and probiotics, preservatives, antioxidants, digestibility aids, intestinal flora stabilizers, and others.
The excessive and inappropriate use of antibiotics in medicinal feed additives affects the health of those who consume the animal meat or other related products. In addition, the health of the animal consuming the feed can also be adversely affected by the antibiotics added to the feed, since the excess additive reduces the natural immunity of the animal and increases the susceptibility of the cattle to infections.
For example on July 1 2020, the Ministry of Agriculture and Rural Affairs in China, under Announcement No. 194, the production of commercial feed containing medicinal feed additives (excluding traditional Chinese medicine) for growth-promoting purposes is prohibited.
The increase in the prevalence of animal diseases is fueling the growth of the medical feed additives market, according to estimates from the Agency for Animal and Phytosanitary report, a total of 3,289 new incidents in TB herds have been identified England. A new herd incident is a case of bovine TB that occurs as a result of a herd or individual experiment in an officially TB-free (OTF) herd during the study period.
Bovine tuberculosis is a chronic disease that usually affects animals such as cattle, but it can affect all mammals and cause disease, cough, and ultimately death. In addition, the herd incidence rate is reported to be in England for the 12 months to the end September 2020 was 9.4 The additives help to protect animals from disease while increasing the nutritional value of the feed, which increases the demand for feed additives.
In February 2019, Archer Daniels Midland Company (ADM), an American global food processing and raw materials trading company, acquired Neovia for $ 1.74 billion (€ 1.544 billion). This acquisition helps ADM become a leading global supplier of animal nutrition products and services, with Neovia adding a broad range of products to the former company’s portfolio, including pet care, additives, aquaculture and forage, which in turn would fuel the company’s growth. Neovia is headquartered in France was founded in 1954 and produces and sells various biodegradable disinfectants and feed additives for plants and animals.
Companies in the medical feed additives market are introducing new medical feed additives that are created as a result of combining two or more medical feed additives. More than 70% of manufacturers now use more than one feed additive in animal feed to increase the efficiency of the product.
For example, Zoetis, a global healthcare company, has received FDA (Food and Drug Administration) approval for its combined feed additive Cyden and Lincomix and is intended to be used as a medical feed additive for poultry. The FDA-approved combination of Zoetis’ feed additives ACTOGAIN 45 (ractopamine hydrochloride) and ENGAIN (ractopamine hydrochloride) ensures more muscle mass and less fat while at the same time optimizing feed efficiency.
The medical feed additive market is regulated by government agencies that set regulations that must be followed by all veterinary drug manufacturers.
Key topics covered:
2. Market characteristics for medical feed additives
3. Medical feed additives market trends and strategies
4. Effects of COVID-19 on medical feed additives
5. Medical feed additives market size and growth
5.1. Global Historic Medicinal Feed Additives Market, 2015-2020, $ Billion
5.1.1. Driver of the market
5.1.2. Restrictions in the market
5.2. Global Medical Feed Additive Forecast Market, 2020-2025F, 2030F, Billion US Dollars
5.2.1. Driver of the market
5.2.2. Restrictions in the market
6. Medical feed additives market segmentation
6.1. Global Medical Feed Ingredients Market, Segmentation By Type, History and Forecast, 2015-2020, 2020-2025F, 2030F, Billion US Dollars
- Probiotics & Prebiotics
- amino acids
6.2. Global Medical Feed Additives Market, Segmentation By Livestock, Historical And Forecast, 2015-2020, 2020-2025F, 2030F, Billion US Dollars
6.3. Global Medical Feed Ingredients Market, Segmentation By Mixture Type, History and Forecast, 2015-2020, 2020-2025F, 2030F, Billion US Dollars
- Premixed feeds
- Base mixes
6.4. Global Medical Feed Additives Market, Segmentation By Class Type, History and Forecast, 2015-2020, 2020-2025F, 2030F, Billion US Dollars
7. Regional and country analysis of the market for medical feed additives
7.1. Global Medical Feed Ingredients Market Split by Regions, Historical and Forecast, 2015-2020, 2020-2025F, 2030F, Billion US Dollars
7.2. Global Medical Feed Additives Market Split by Country, Historical and Forecast, 2015-2020, 2020-2025F, 2030F, Billion US Dollars
- Zoetis Inc.
- Cargill Incorporated
- CHS Inc.
- Purina animal nutrition
- Archer Daniels Midland Company
- Adisseo France Sas
- Alltech Inc.
- Hipro animal nutrition
- BASF SE
- Bio City India Limited
- Royal DSM NV
- Novozymes A / S
- Nutreco NV
- Evonik Industries AG
- Diamond v
- Wen’s Food Group
- Muyuan foods
- Tyson Foods
- ForFarmers NV
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