Global Veterinary Medical Feed Additives Market Size, Share & Trends Analysis Report, By Product (Antibiotics, Vitamins, Antioxidants, Amino Acids, Prebiotics, Probiotics, Enzymes, and Others), By Animal Type (Ruminants, Poultry, Swine, Aquaculture, and Others), Forecast (2022-2028)

The global veterinary medical feed additives market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). The market growth is majorly attributed to the increasing prevalence of zoonotic and foodborne diseases, which have high chances of being naturally transmitted from animals to humans. This key driver has resulted in the rising usage of the key feed additives that can minimize the occurrence of such diseases in farm animals. Medicated feed additives improve the quality and nutritional content of the feed. These additives support in the growth and development of animals and increase feed intake. With the surge in the awareness of high-quality meat rich in nutrients, there has also resulted an increment in the usage of medicated feed additives. Therefore, maintaining veterinary health and protecting them from various diseases has become a crucial factor in the past few years. According to the World Organization for Animal Health (OIE), one out of five farm animals is lost to disease every year.

Some key players operating in the market include Zoetis Inc., Bayer AG, and Merck & Co., Inc., among others. The market players are eyeing on strengthening their position in the market by adopting various strategies as mergers and acquisitions, partnerships and collaborations, new product launches and development in the existing product portfolio, and so on. For instance, in 2021, Cargill launched its Poultry feed with essential oils under improved Nutrena Naturewise formulas. The natural essential oils support in the promotion of egg weight, size and production, enhanced palatability and a fresh aroma direct from the bag.

 

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-

• By Product
• By Animal Type

• Regions covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape: Zoetis Inc., Bayer AG, and Merck & Co., Inc., among others.

 

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?

• Deviation from the pre-COVID-19 forecast
• Most affected region and segment

• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

 

Global Veterinary Medical Feed Additives Market Report by Segment

By Product

• Antibiotics
• Vitamins
• Antioxidants
• Amino Acids
• Prebiotics
• Probiotics
• Enzymes
• Others

By Animal Type

• Ruminants
• Poultry
• Swine
• Aquaculture
• Others