Market Overview:
The global veterinary medical feed additives market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for meat and milk products, rising awareness about animal health, and growing companion animal population. The vitamins segment is projected to be the fastest-growing segment during the forecast period. Asia Pacific is expected to be the fastest-growing region in the global veterinary medical feed additives market during the forecast period.
Product Definition:
A Veterinary Medical Feed Additive (VMFA) is a product that is used in animal feed to improve the health of the animals. VMFAs are commonly used to prevent or treat diseases, to improve growth or production, and to enhance the nutritional value of the feed.
Vitamins:
Vitamins are organic compounds that act as nutrients for the growth and well-being of animals. They help in maintaining a healthy immune system, reproductive system, skin & coat, and overall health. Vitamins can be naturally derived or synthetically produced.
Trace Elements:
Trace elements are naturally occurring substances, which are necessary for normal body function. However, certain amount of trace elements is also known to have health benefits. These benefits include improved immune system response and balanced electrolyte balance among others. The veterinary feed additives market includes a number of products that contain trace element content as an active ingredient.
Application Insights:
In 2017, farm animals accounted for the largest share in the global market and are expected to continue leading over the forecast period. The demand for feed additives is particularly high among broiler chickens, calves and turkeys as they provide essential nutrients required by these species of animal. In addition, increasing meat consumption has led to a rise in demand for poultry feed which further fuels product demand.
The companion animals segment is estimated to register a significant CAGR during the forecast period on account of growing awareness about superior nutritional requirements of dogs and cats. Moreover, rising disposable income levels coupled with changing lifestyles have resulted in an increased number of pet ownership across various regions including North America and Europe. This factor is anticipated to fuel market growth over the next eight years especially in developed economies such as U.K.
Regional Analysis:
North America accounted for the largest share of over 40.0% in 2017. The region is expected to maintain its lead throughout the forecast period owing to high animal health consciousness and rising pet adoption in countries, such as U.S., Canada, and Mexico. In addition, increasing demand for meat products is anticipated to drive regional growth over the forecast period.
Asia Pacific is projected to be one of the fastest-growing regions during the same period owing to rapid economic development coupled with growing awareness regarding veterinary healthcare services in emerging economies including China.
China was estimated as being worth USD X billion in 2016; however this number may vary significantly due to different factors like GDP per capita or purchasing power parity (PPP).
Growth Factors:
- Increasing demand for meat and dairy products due to population growth and changing dietary habits in emerging countries is expected to drive the veterinary medical feed additives market.
- Rising awareness about the benefits of using veterinary medical feed additives among livestock farmers is projected to boost the market growth during the forecast period.
- Stringent regulations by government agencies regarding animal health and food safety are anticipated to propel the demand for veterinary medical feed additives over the next few years.
- Growing research and development activities by key players for developing innovative products is likely to create new opportunities for this market in near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Veterinary Medical Feed Additives Market Research Report
By Type
Vitamins, Trace Elements, Preservatives, Anti-oxidants
By Application
Farm Animals, Companion Animals
By Companies
Zoetis animal healthcare, Merck, Merial, Elanco, Bayer healthcare, Ceva Animal Health, Virbac, Boehringer Ingelheim
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
225
Number of Tables & Figures
158
Customization Available
Yes, the report can be customized as per your need.
Global Veterinary Medical Feed Additives Market Report Segments:
The global Veterinary Medical Feed Additives market is segmented on the basis of:
Types
Vitamins, Trace Elements, Preservatives, Anti-oxidants
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Farm Animals, Companion Animals
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Zoetis animal healthcare
- Merck
- Merial
- Elanco
- Bayer healthcare
- Ceva Animal Health
- Virbac
- Boehringer Ingelheim
Highlights of The Veterinary Medical Feed Additives Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Vitamins
- Trace Elements
- Preservatives
- Anti-oxidants
- By Application:
- Farm Animals
- Companion Animals
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Veterinary Medical Feed Additives Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Veterinary Medical Feed Additives are substances that are added to feed to improve the nutritional quality and palatability of the food. They can be used in both dry and wet forms, and can be made from a variety of sources including plant-based ingredients, animal-based ingredients, or a combination thereof.
Some of the key players operating in the veterinary medical feed additives market are Zoetis animal healthcare, Merck, Merial, Elanco, Bayer healthcare, Ceva Animal Health, Virbac, Boehringer Ingelheim.
The veterinary medical feed additives market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Veterinary Medical Feed Additives Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Veterinary Medical Feed Additives Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Veterinary Medical Feed Additives Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Veterinary Medical Feed Additives Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Veterinary Medical Feed Additives Market Size & Forecast, 2018-2028
4.5.1 Veterinary Medical Feed Additives Market Size and Y-o-Y Growth
4.5.2 Veterinary Medical Feed Additives Market Absolute $ Opportunity
Chapter 5 Global Veterinary Medical Feed Additives Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Veterinary Medical Feed Additives Market Size Forecast by Type
5.2.1 Vitamins
5.2.2 Trace Elements
5.2.3 Preservatives
5.2.4 Anti-oxidants
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Veterinary Medical Feed Additives Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Veterinary Medical Feed Additives Market Size Forecast by Applications
6.2.1 Farm Animals
6.2.2 Companion Animals
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Veterinary Medical Feed Additives Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Veterinary Medical Feed Additives Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Veterinary Medical Feed Additives Analysis and Forecast
9.1 Introduction
9.2 North America Veterinary Medical Feed Additives Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Veterinary Medical Feed Additives Market Size Forecast by Type
9.6.1 Vitamins
9.6.2 Trace Elements
9.6.3 Preservatives
9.6.4 Anti-oxidants
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Veterinary Medical Feed Additives Market Size Forecast by Applications
9.10.1 Farm Animals
9.10.2 Companion Animals
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Veterinary Medical Feed Additives Analysis and Forecast
10.1 Introduction
10.2 Europe Veterinary Medical Feed Additives Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Veterinary Medical Feed Additives Market Size Forecast by Type
10.6.1 Vitamins
10.6.2 Trace Elements
10.6.3 Preservatives
10.6.4 Anti-oxidants
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Veterinary Medical Feed Additives Market Size Forecast by Applications
10.10.1 Farm Animals
10.10.2 Companion Animals
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Veterinary Medical Feed Additives Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Veterinary Medical Feed Additives Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Veterinary Medical Feed Additives Market Size Forecast by Type
11.6.1 Vitamins
11.6.2 Trace Elements
11.6.3 Preservatives
11.6.4 Anti-oxidants
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Veterinary Medical Feed Additives Market Size Forecast by Applications
11.10.1 Farm Animals
11.10.2 Companion Animals
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Veterinary Medical Feed Additives Analysis and Forecast
12.1 Introduction
12.2 Latin America Veterinary Medical Feed Additives Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Veterinary Medical Feed Additives Market Size Forecast by Type
12.6.1 Vitamins
12.6.2 Trace Elements
12.6.3 Preservatives
12.6.4 Anti-oxidants
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Veterinary Medical Feed Additives Market Size Forecast by Applications
12.10.1 Farm Animals
12.10.2 Companion Animals
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Veterinary Medical Feed Additives Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Veterinary Medical Feed Additives Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Veterinary Medical Feed Additives Market Size Forecast by Type
13.6.1 Vitamins
13.6.2 Trace Elements
13.6.3 Preservatives
13.6.4 Anti-oxidants
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Veterinary Medical Feed Additives Market Size Forecast by Applications
13.10.1 Farm Animals
13.10.2 Companion Animals
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Veterinary Medical Feed Additives Market: Competitive Dashboard
14.2 Global Veterinary Medical Feed Additives Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Zoetis animal healthcare
14.3.2 Merck
14.3.3 Merial
14.3.4 Elanco
14.3.5 Bayer healthcare
14.3.6 Ceva Animal Health
14.3.7 Virbac
14.3.8 Boehringer Ingelheim
