Market Overview:
The global veterinary medicinal feed additives market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for meat and poultry products, rising awareness about animal health, and growing concerns about food safety. The global veterinary medicinal feed additives market is segmented by type, application, and region. By type, the market is divided into amino acids, antibiotics, vitamins A&E (vitamin A & vitamin E), and other additives. The antibiotics segment accounted for the largest share of the global veterinary medicinal feed additives market in 2017 owing to their high efficacy in preventing diseases in animals. By application, the market is classified into pet food industry (dogs & cats), poultry industry (broilers & layers), and other applications such as aquaculture and equine). In 2017, pet food industry dominated the global veterinary medicinal feed additive with a share of more than 50%.
Product Definition:
A veterinary medicinal feed additive is a substance that is intended to be used in animal feed to improve the health or production of animals. Veterinary medicinal feed additives are important because they can help prevent and treat diseases in animals, which can lead to improved food safety and increased productivity.
Amino Acids:
Amino acids are the building blocks of protein. Proteins are important for animal and human health. They play an important role in maintaining body structure and homeostasis (equilibrium between stability and change). Protein is essential to the diet as it provides necessary nutrients, helps in growth & development, maintains blood volume & pressure, aids digestion & absorption along with providing immunological protection from various diseases by strengthening antibodies.
Antibiotics:
Antibiotics are types of antimicrobials used in veterinary medicinal feed additives for the prevention and treatment of bacterial infections in animals. Antibiotics can be administered to pets as it has no ill effect on the kidneys, liver or thyroid. The antibiotics market is segmented into two types depending upon their usage: firstly, those used for growth promotion; and secondly, those given to animals for disease prevention.
Application Insights:
The pet application segment accounted for the largest revenue share of over 60.0% in 2017 and is anticipated to witness significant growth during the forecast period. The increasing disposable income owing to growing economies such as Asia Pacific is expected to drive demand for pets, thereby supporting market growth.
Growing awareness among consumers regarding their companion animals health & well-being coupled with rising expenditure on pet food has supported market development in recent years. Moreover, technological advancements and innovations that have improved processing capabilities are projected to support industry expansion over the coming years.
Poultry was another prominent segment accounting for a significant revenue share in 2017 due largely to high product usage across all layers of production including feed mills, finishing pens, breeding farms and layer factories etc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing awareness about pet nutrition, rising disposable income of consumers, and increasing demand for meat in this region. China is one of the largest markets in Asia Pacific due to its large livestock population and rapid urbanization. Moreover, India has a high demand for poultry products owing to growing population and changing lifestyles which have led people towards adopting pets as a status symbol.
Growth Factors:
- Increasing demand for meat and dairy products due to population growth and changing dietary preferences is driving the demand for veterinary medicinal feed additives.
- Rising awareness about the benefits of using veterinary medicinal feed additives is propelling the market growth.
- Stringent regulations by government agencies regarding animal health and food safety are prompting livestock farmers to use veterinary medicinal feed additives.
- Growing investments in research and development activities by key players is resulting in innovative product offerings, which is fueling the market growth. 5) The increasing trend of self-medication among livestock owners is providing a major impetus to the Veterinary Medicinal Feed Additives market
Scope Of The Report
Report Attributes
Report Details
Report Title
Veterinary Medicinal Feed Additives Market Research Report
By Type
Amino Acids, Antibiotics, Vitamins
By Application
Pet, Poultry, Other
By Companies
Pfizer, Merck, Merial (Sanofi), Bayer HealthCare, Virbac, Zoetis, Elanco, Novartis, Boehringer Ingelheim, Heska, Bioniche Animal Health Canada
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Veterinary Medicinal Feed Additives Market Report Segments:
The global Veterinary Medicinal Feed Additives market is segmented on the basis of:
Types
Amino Acids, Antibiotics, Vitamins
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
Pet, Poultry, Other
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:
- Pfizer
- Merck
- Merial (Sanofi)
- Bayer HealthCare
- Virbac
- Zoetis
- Elanco
- Novartis
- Boehringer Ingelheim
- Heska
- Bioniche Animal Health Canada
Highlights of The Veterinary Medicinal 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:
- Amino Acids
- Antibiotics
- Vitamins
- By Application:
- Pet
- Poultry
- Other
- 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 Medicinal 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.
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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 medicinal feed additives are substances that are added to animal feeds in order to improve the quality of the food or to treat specific health problems. Additives can be natural or man-made, and they may be used alone or in combination. Some common veterinary medicinal feed additives include vitamins, minerals, enzymes, probiotics, and antioxidants.
Some of the major companies in the veterinary medicinal feed additives market are Pfizer, Merck, Merial (Sanofi), Bayer HealthCare, Virbac, Zoetis, Elanco, Novartis, Boehringer Ingelheim, Heska, Bioniche Animal Health Canada.
The veterinary medicinal feed additives market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Veterinary Medicinal Feed Additives Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Veterinary Medicinal Feed Additives Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Veterinary Medicinal Feed Additives Market - Supply Chain
4.5. Global Veterinary Medicinal Feed Additives Market Forecast
4.5.1. Veterinary Medicinal Feed Additives Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Veterinary Medicinal Feed Additives Market Size (000 Units) and Y-o-Y Growth
4.5.3. Veterinary Medicinal Feed Additives Market Absolute $ Opportunity
5. Global Veterinary Medicinal Feed Additives Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Veterinary Medicinal Feed Additives Market Size and Volume Forecast by Type
5.3.1. Amino Acids
5.3.2. Antibiotics
5.3.3. Vitamins
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Veterinary Medicinal Feed Additives Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Veterinary Medicinal Feed Additives Market Size and Volume Forecast by Application
6.3.1. Pet
6.3.2. Poultry
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Veterinary Medicinal Feed Additives Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Veterinary Medicinal Feed Additives Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Veterinary Medicinal Feed Additives Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Veterinary Medicinal Feed Additives Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Veterinary Medicinal Feed Additives Demand Share Forecast, 2019-2026
9. North America Veterinary Medicinal Feed Additives Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Veterinary Medicinal Feed Additives Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Veterinary Medicinal Feed Additives Market Size and Volume Forecast by Application
9.4.1. Pet
9.4.2. Poultry
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Veterinary Medicinal Feed Additives Market Size and Volume Forecast by Type
9.7.1. Amino Acids
9.7.2. Antibiotics
9.7.3. Vitamins
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Veterinary Medicinal Feed Additives Demand Share Forecast, 2019-2026
10. Latin America Veterinary Medicinal Feed Additives Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Veterinary Medicinal Feed Additives Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Veterinary Medicinal Feed Additives Market Size and Volume Forecast by Application
10.4.1. Pet
10.4.2. Poultry
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Veterinary Medicinal Feed Additives Market Size and Volume Forecast by Type
10.7.1. Amino Acids
10.7.2. Antibiotics
10.7.3. Vitamins
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Veterinary Medicinal Feed Additives Demand Share Forecast, 2019-2026
11. Europe Veterinary Medicinal Feed Additives Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Veterinary Medicinal Feed Additives Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Veterinary Medicinal Feed Additives Market Size and Volume Forecast by Application
11.4.1. Pet
11.4.2. Poultry
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Veterinary Medicinal Feed Additives Market Size and Volume Forecast by Type
11.7.1. Amino Acids
11.7.2. Antibiotics
11.7.3. Vitamins
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Veterinary Medicinal Feed Additives Demand Share, 2019-2026
12. Asia Pacific Veterinary Medicinal Feed Additives Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Veterinary Medicinal Feed Additives Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Veterinary Medicinal Feed Additives Market Size and Volume Forecast by Application
12.4.1. Pet
12.4.2. Poultry
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Veterinary Medicinal Feed Additives Market Size and Volume Forecast by Type
12.7.1. Amino Acids
12.7.2. Antibiotics
12.7.3. Vitamins
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Veterinary Medicinal Feed Additives Demand Share, 2019-2026
13. Middle East & Africa Veterinary Medicinal Feed Additives Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Veterinary Medicinal Feed Additives Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Veterinary Medicinal Feed Additives Market Size and Volume Forecast by Application
13.4.1. Pet
13.4.2. Poultry
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Veterinary Medicinal Feed Additives Market Size and Volume Forecast by Type
13.7.1. Amino Acids
13.7.2. Antibiotics
13.7.3. Vitamins
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Veterinary Medicinal Feed Additives Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Veterinary Medicinal Feed Additives Market: Market Share Analysis
14.2. Veterinary Medicinal Feed Additives Distributors and Customers
14.3. Veterinary Medicinal Feed Additives Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Pfizer
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Merck
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Merial (Sanofi)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Bayer HealthCare
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Virbac
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Zoetis
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Elanco
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Novartis
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Boehringer Ingelheim
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Heska
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Bioniche Animal Health Canada
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
