The medicated feed ingredients market stood at USD 10,595.9 million in 2015; it is projected to grow at a CAGR of 5.41% from 2016, to reach USD 15,320.4 million by 2022. The base year considered for the study is 2015 and the forecast period is from 2016 to 2022. The main objective of the report is to define, segment, and project the global market size for medicated feed ingredients on the basis of type, livestock mixture type, category, and region. It also helps to understand the structure of the medicated feed ingredients market by identifying its various segments. The other objectives include analyzing the opportunities in the market for stakeholders and providing a competitive landscape of market trends, analyzing the macro- and micro-indicators of this market, and projecting the size of the medicated feed ingredients market and its submarkets, in terms of value as well as volume.
This report includes estimations of the market size in terms of value (USD million) and volume (KT). Both, the top-down and bottom-up approaches have been used to estimate and validate the size of the medicated feed ingredients market and to estimate the size of various other dependent submarkets in the overall market. The key players in the market have been identified through secondary research; some of these sources are press releases, paid databases such as Factiva and Bloomberg, annual reports, and financial journals; their market shares in respective regions have also been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. The figure below shows the breakdown of profiles of industry experts that participated in the primary discussions.
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Key participants in the medicated feed ingredients market are manufacturers, medicated feed ingredients manufacturers, distributors & suppliers, associations and industry bodies and end users. Archer Daniels Midland Company (US), Cargill (US), CHS Inc. (US), Zoetis Inc. (US), and Purina Animal Nutrition (Land O’Lakes) (US) are some of the leading players in the global medicated feed ingredients market.
This report is targeted at the existing stakeholders in the industry, which include the following:
• Supply side: Medicated feed ingredients manufacturers, formulators, traders, distributors, and suppliers
• Demand side: Animal feed manufacturers, food processing industries, feed producers, large animal husbandry companies, large-scale ranches & poultry farms, and researchers
• Other related associations, research organizations, and industry bodies: the Food and Agriculture Organization (FAO), the International Feed Industry Federation (IFIF), Agriculture and Agri-Food Canada.
“The study answers several questions for stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing efforts and investments.”
Asia Pacific is projected to be the largest market for medicated feed additives, followed by Europe, by 2022, owing to increased awareness about medicated feed additives and their associated benefits in controlling livestock epidemic outbreaks. It remains one of the important markets for medicated feed additives manufacturers due to its livestock population size and its regulatory environment. The RoW countries are increasingly adopting medicated feed additives, due to a change in consumer lifestyles and increase in demand for meat products.
The medicated feed additives market is dominated by major players such as Archer Daniels Midland Company (US), Cargill, Incorporated (US), and CHS Incorporated (US).
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