Global Medicinal Feed Additives Market 2016-2020
Published: Feb 2016 | Pages: 84 | SKU: IRTNTR8510 |
Outlook of the global medicinal feed additives market
Technavio’s market research analyst predicts the global medicinal feed additives market to grow at a CAGR of approximately 5% by 2020. The growing demand for organic meat is the key driver for this market. The augmented utilization of feed additives will help to improve animal growth and ensure feed efficiency. The ability of medicinal feed additives to increase immunity in animals and prevent the spread of infectious diseases will lead to its increased usage during the forecast period.
The high prevalence of zoonotic diseases is the key driver for this market. Zoonotic diseases are highly contagious and can be transmitted directly or indirectly between animals and humans. They normally spread by the consumption of infected meat products or contact with infected animals. Consequently, the demand for medicinal feed additives is increasing as it helps to prevent epizootic diseases and parasitism. These additives also provide genetic enhancements and contribute to improving the overall nutritional content in the animal feed.
Product-based segmentation of the medicinal feed additives market
- Amino acids
- Antibiotics
- Vitamins
- Antioxidants
- Feed enzymes
The amino acids segment dominated this market in 2015 and accounted for a market share of approximately 27%. Amino acids are essential for animals as they help in the overall development of the immune system and organs in animals. Lysine, methionine, threonine, and tryptophan are the main types of amino acids that are used in feed additives.
Segmentation by livestock and analysis of the medicinal feed additives market
- Pets
- Ruminants
- Swine
- Poultry
In 2015, the pet segment accounted for the largest market share of 40% and is envisaged to further enhance its hold over the market by 2020 owing to the rising demand for pet healthcare products among the consumers. With an increase in the disposable income, pet owners are spending more money on pet care and treatments at various pet care clinics. This increased level of spending will, in turn, aggrandize the demand for medicinal feed additives in the pet segment.
Competitive landscape and key vendors
The global medicinal feed additives market is highly fragmented as it is comprised of numerous large- and small-scale suppliers. The regional players in this market typically focus on animal nutrition products for a specific range of species. Since the leading players in this market have a strong foothold in developed economies, the small-scale players will face challenges from larger corporations, not only in terms of innovative technologies but also in terms of meeting manufacturing compliances.
Leading vendors in the market are -
- Bayer
- BASF
- Cargill
- Evonik
- Merck
- Zoetis
Other prominent vendors in this market include Adisseo, Aliphos, Champrix, Charoen Pokphand, Eli Lilly (Elanco), NuWest Milling, Purina Animal Nutrition, Wuhan Pharma Chemical, and Westway Feed Products.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global medicinal feed additives market?
- What are the key market trends impacting the growth of the global medicinal feed additives market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the global medicinal feed additives market?
- Trending factors influencing the market shares of APAC, EMEA, North America, and Latin America.
- What are the key outcomes of the five forces analysis of the global medicinal feed additives market?
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Table of Contents
PART 01: Executive summary
- Highlights
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
- Key market highlights
PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: Global macroeconomic outlook
- Global livestock demographics
- Global meat consumption pattern
- Global animal feed market
- Global animal healthcare market
PART 07: Market segmentation by type
- Global medicinal feed additives market by type
- Amino acid
- Antibiotics
- Vitamins
- Antioxidants
- Feed enzymes
- Others
PART 08: Market segmentation by livestock
- Global medicinal feed additives market by livestock
- Global medicinal feed additives market in pet segment
- Global medicinal feed additives market in ruminants segment
- Global medicinal feed additives market in swine segment
- Global medicinal feed additives market in poultry segment
- Global medicinal feed additives market in others segment
PART 09: Market segmentation by geography
- Global medicinal feed additives market by geography
- Medicinal feed additives market in EMEA
- Medicinal feed additives market in APAC
- Medicinal feed additives market in North America
- Medicinal feed additives market in Latin America
PART 10: Market drivers
- Increase in animal epidemics
- Prevalence of zoonotic diseases
- Growing demand for organic meat
PART 11: Impact of drivers
PART 12: Market challenges
- Incorrect dosage of veterinary medicines
- Threat from farm mixing activities
- Existence of residues of veterinary drugs in feed
PART 13: Impact of drivers and challenges
PART 14: Market trends
- Implementation of medicated feed manufacturing compliance programs
- Ensuring safe and healthy feed in unorganized end-use sectors
- Demand for veterinary specialists
PART 15: Vendor landscape
- Competitive scenario
- Major market vendors
- Medical feed additives: Supply chain
- Vendor selection criteria
- Competitive landscape
- BASF
- Bayer Healthcare
- Cargill
- Evonik
- Merck
- Zoetis
PART 16: Appendix
- List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
PURCHASE FULL REPORT OF
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Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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