US Medicinal Feed Additives Market

“US Medicinal Feed Additives Market Research Report and Forecast 2023-2028” provides a deep and thorough evaluation of the medicinal feed additives market in the United States on the basis of product (Amino acids, Antibiotics, Vitamins, Antioxidants, Feed enzymes and Others) and livestock (Pets, Ruminants, Swine, Poultry and Others). Medicinal feed additives are substances that are added to animal feed for the purpose of preventing and treating diseases caused by bacteria, parasites, or other pathogens. They aid in improving animal health and performance, increasing the efficiency of animal production, reducing the occurrence of diseases and the need for other types of treatment, and enhancing food safety for humans. They also promote the digestive health of animals, stimulate growth and development in young animals, enhance the immune system and improve the quality of animal-derived food products. 

At present, the increasing incidences of zoonotic diseases, such as animal flu, represent one of the major factors driving the demand for medicinal feed additives in the US. Moreover, rising concerns about the development of antimicrobial resistance in bacteria due to the overuse of antibiotics in animal agriculture are currently catalyzing the demand for medicinal feed additives to prevent disease and control. In addition, the growing prevalence of food-borne illnesses and the increasing consumer preference for organic food products is influencing the market positively. Apart from this, the rising awareness about the health and well-being of animals and the safety of the food produced is contributing to the market growth in the country. Furthermore, due to rising environmental concerns, several initiatives are being undertaken by governing agencies of the US to promote sustainable agriculture practices and increase the utilization of medicinal feed additives to improve the efficiency of production. Additionally, the increasing prevalence of metabolic disorders among pets is presently strengthening the growth of the market. Besides this, the growing adoption of various techniques, such as extrusion, spray drying, chromatography, spectroscopy, and DNA sequencing to develop efficient and cost effective methods of producing medicinal feed additives is projected to create a positive outlook for the market in the country.

Beginning with a global overview, the report explores the dynamics that have a strong influence on the US medicinal feed additives market and can also impact its future growth. Taking 2022 as the base year, the report covers the historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends as well as pricing history. Growth inducing factors, market restraints and recent developments have also been analyzed in the report in order to provide deeper knowledge about the industry.

The price margins for the products along with various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the US medicinal feed additives industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the US medicinal feed additives market by analyzing the threats posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the medicinal feed additives industry. Furthermore, the value chain analysis of the medicinal feed additives industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing and sales of the products, and their distribution.

US Medicinal Feed Additives Market Key Segments

Segmentation by Product

• Amino acid
• Antibiotics
• Vitamins
• Antioxidants
• Feed enzymes
• Others

Segmentation by Livestock

• Pets
• Ruminants
• Swine
• Poultry
• Others

The price margins for the products along with various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the US medicinal feed additives industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the US medicinal feed additives market by analyzing the threats posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the medicinal feed additives industry. Furthermore, the value chain analysis of the medicinal feed additives industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing and sales of the products, and their distribution.

Key questions answered in the report include

• What is the historical and current scenario of the US medicinal feed additives market?
• What are the trends and developments in the US medicinal feed additives market?
• What is the market forecast of the US medicinal feed additives market during 2022-2027?
• What is the price analysis and forecast of the US medicinal feed additives market?
• What is the Porter’s five forces analysis of the US medicinal feed additives market?
• What is the SWOT analysis for the US medicinal feed additives market?
• What is the value chain analysis of the US medicinal feed additives market?

The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the medicinal feed additives industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analyzed and presented in the form of easily comprehensible charts, graphs and tables.