Medicated Feed Additives Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The global medicated feed additives market is valued at about $ 15.55 billion in 2023, and is expected to reach $ 21.74 billion by 2032, at a CAGR of 4.28 % from 2024 to 2032. The growth rate is driven by the increasing need for animal health management and the growing emphasis on livestock production. In addition, with the continuous growth of the world population, the demand for high-quality animal-derived food will continue to increase, which will drive the market for these products. The other factors driving the market are the continuous development of veterinary medicine, the increase in awareness of animal nutrition, and the stricter food safety and animal health regulations. The development of new formulations and delivery systems for feed additives will also play an important role in improving the efficacy and popularity of the products. The major companies, such as Cargill, BASF and Elanco, are actively collaborating with each other and making investments in research and development to launch new products and expand their market share. For example, the recent launch of natural and organic feed additives, in line with the growing demand for safe and sustainable food, will also drive the market.

Regional Market Size

Regional Deep Dive

The market for veterinary feed additives is gaining traction across the globe, driven by the growing demand for animal products, the growing awareness of animal health, and the stringent regulations pertaining to food safety. Each region is characterized by its own trends based on the agricultural practices, the regulatory framework, and the preferences of the consumers. In North America, for instance, the market is characterized by advanced animal husbandry practices and a strong emphasis on animal welfare. Meanwhile, the Asia-Pacific region is growing rapidly on the back of rising meat consumption and the expansion of the livestock sector, while Europe is focusing on sustainable practices and the reduction of the use of antibiotics in feed.

Europe

• The European Union has introduced the Farm to Fork Strategy, which aims to reduce the use of antimicrobials in agriculture, leading to increased demand for alternative medicated feed additives that promote animal health without antibiotics.
• Companies such as BASF and DSM are actively developing innovative solutions that align with the EU's sustainability goals, focusing on natural and plant-based additives to enhance animal nutrition and health.

Asia Pacific

• The rapid growth of the livestock sector in countries like China and India is driving the demand for medicated feed additives, with a focus on improving feed conversion ratios and overall animal health.
• Government initiatives in countries like Vietnam are promoting the use of medicated feed additives to enhance livestock productivity, supported by partnerships with international companies such as Cargill and Nutreco.

Latin America

• Brazil and Argentina are major players in the livestock industry, and the growing demand for meat exports is driving the adoption of medicated feed additives to enhance animal growth and health.
• Local companies, such as Ourofino Saúde Animal, are developing innovative feed additives tailored to the specific needs of the region's livestock, focusing on improving feed efficiency and reducing disease incidence.

North America

• The U.S. Food and Drug Administration (FDA) has set strict limits on the use of antibiotics in animal feed. In order to meet these requirements, companies have developed alternative drugs, which not only reduce the use of antibiotics but also improve animal health.
• Key players like Zoetis and Elanco are investing in research and development to create novel feed additives that improve feed efficiency and animal performance, reflecting a shift towards more sustainable livestock production practices.

Middle East And Africa

• In the Middle East, the increasing demand for poultry and livestock products is leading to a rise in the use of medicated feed additives, with a focus on improving animal health and productivity in the region's growing agricultural sector.
• Organizations like the Food and Agriculture Organization (FAO) are working with local governments to promote best practices in animal husbandry, which includes the responsible use of medicated feed additives to ensure food safety.

Did You Know?

“Approximately 70% of all antibiotics sold in the U.S. are used in livestock production, highlighting the critical role of medicated feed additives in promoting animal health and addressing antibiotic resistance.” — U.S. Food and Drug Administration (FDA)

Segmental Market Size

It is also the feed additives that play a crucial role in promoting animal health and increasing livestock productivity, which is now growing steadily. This is driven by increasing demand for high-quality animal protein from consumers and stricter regulations on food safety. This segment is driven by a number of factors, including the growing number of livestock diseases and the need to promote sustainable farming with a minimum of antibiotics. Zoetis and Elanco are at the forefront of this demand and are bringing new and increasingly effective solutions to the market. In regions such as North America and Europe, where regulations encourage the integration of feed additives into livestock diets, the use of medicinal feed additives is already widespread. These are used mainly for the prevention of disease, growth stimulation and the improvement of animal nutrition in poultry, pigs and cattle. These are now being introduced in Asia, which is growing fast, as a result of the search for alternatives to the use of antimicrobials and the growing concern for animal welfare. In the future, precision nutrition and the formulation of feed additives will be influenced by technological advances.

Future Outlook

In 2023, the medicated feed additives market is expected to grow at a CAGR of 4.28% from a value of $13.45 billion to $18.62 billion. It is driven by the rising demand for animal products, the growing awareness of animal health, and the need for sustainable livestock production. In addition, as the world population continues to increase, the pressure on food production will increase, and the use of feed additives to improve animal health and productivity will increase. By 2032, the penetration of veterinary feed additives in livestock feed is expected to exceed 60%, especially in high-density livestock regions such as North America and Asia-Pacific. In addition, new technology, such as the development of new probiotics and alternatives to the use of veterinary drugs, is expected to lead to the reshaping of the market. The reduction of the use of veterinary drugs will also stimulate innovation, as livestock producers look for effective alternatives to maintain animal health without compromising food safety. Also, the growing trend of organic and natural feed additives will have a certain influence on the market, influencing the choices of consumers, and thereby influencing the products of manufacturers. As a result, the medicated feed additives market is expected to evolve, and new opportunities will emerge to take advantage of emerging technology and changing consumer demand.