The global veterinary nutritional feed additives market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). Feed additives are products used in animal nutrition to achieve an effect on the feed itself, on the animals, or on food products obtained from the animals. These products further enhance the health and performance of all species of animals. The major factor for the growth of the market during the forecast period include the increasing prevalence of animal diseases and the growing livestock population across the globe. This is further coupled with the growing demand for animal derived food products all across the globe. Thus, it becomes critical to preserve animal health on a larger scale.
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The types of veterinary nutritional feed additives available in the market include feed acidifiers, feed enzymes, preservatives, antioxidants, emulsifiers, vitamins, amino acids, trace elements, digestibility enhancers, and coccidiostats and histomonostats, among others. Some major players in the market include Merck & Co., Inc., Zoetis Inc., and Vetiquinol S.A., among others. The market players are eyeing on strengthening their position in the global veterinary nutritional feed additives market by adopting various strategies such as mergers and acquisitions, partnerships and collaborations, and new product launch and development in the existing product portfolio, and so on. For instance, in May 2021, Elanco Animal Health Inc. launched ZoaShield in the US. It provides a proven and flexible zoalene solution for poultry producers to keep coccidiosis under control in an easy and manageable way.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape: Merck & Co., Inc., Zoetis Inc., and Vetiquinol S.A., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Veterinary Nutritional Feed Additives Market Report by Segment
By Type
- Feed Acidifiers
- Feed Enzymes
- Others
By Application
- Farm Animals
- Companion Animals
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