How big is the Medicated Feed Additives Market?

The Medicated Feed Additives Market size is expected to reach USD 12.47 billion in 2024 and grow at a CAGR of 5.5% to reach USD 16.29 billion by 2029. Read More

What is the current Medicated Feed Additives Market size?

In 2024, the Medicated Feed Additives Market size is expected to reach USD 12.47 billion. Read More

Who are the key players in Medicated Feed Additives Market?

Cargill, Inc., Zoetis, Inc., Phibro Animal Health Corporation, Alltech, Inc. and Kemin Industries are the major companies operating in the Medicated Feed Additives Market. Read More

Which is the fastest growing region in Medicated Feed Additives Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Medicated Feed Additives Market?

In 2024, the Asia Pacific accounts for the largest market share in Medicated Feed Additives Market. Read More

What years does this Medicated Feed Additives Market cover, and what was the market size in 2023?

In 2023, the Medicated Feed Additives Market size was estimated at USD 11.82 billion. The report covers the Medicated Feed Additives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Medicated Feed Additives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Medicated Feed Additives Market - Size, Forecast & Industry Analysis

Medicated Feed Additives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Medicated Feed Additives Market is segmented by Type (Antibiotics, Vitamins, Antioxidants, Amino Acids, Prebiotics, Probiotics, Enzymes, and Other Types), Mixture Type (Supplements, Concentrates, Premixes, and Base Mixes), Animal Type (Ruminants, Poultry, Swine, Aquaculture, and Other Animal Types), and Geography (North America, Europe, Asia-Pacific, South America, and Africa). The market size and forecasts for the medicated feed additives market in terms of volume (thousand metric tons) and value (USD million) for all the above segments.

Medicated Feed Additives Industry Overview

The medicated feed market is consolidated, with the top global and regional players occupying major market shares. The focus on quality through extensive investments in R&D was the most adopted strategy of the leading global players in the market. Major investments are directed toward product line expansions and innovations for creating new products to retain the existing customer base. The major players in the market are Cargill Inc., Phibro Animal Health Corporation, Zoetis Inc., Bluestar Adisseo Co. Ltd, Archer Daniels Midland Company, Alltech Inc., and Kemin Industries, among others. For instance, in 2021, Cargill launched its Poultry feed with essential oils under improved Nutrena® Naturewise® formulas. The natural essential oils help in the promotion of egg weight, size, and production, enhanced palatability, and a fresh aroma direct from the bag.