Veterinary Medicinal Food & Beverages Additives Market Synopsis
The Veterinary Medicinal Food & Beverages Additives Market size is expected to grow from USD 11.82 Billion in 2023 to USD 19.14 Billion by 2032, at a CAGR of 5.50% during the forecast period (2024-2032).
Veterinary medicinal food and beverage additives refer to substances added to the diet of animals, particularly livestock and pets, to enhance their health, well-being, and overall performance. These additives can take various forms, including antibiotics, vitamins, amino acids, enzymes, antioxidants, preservatives, flavors, sweeteners, and other nutritional supplements.
- Veterinary medicinal food and beverage additives play a significant role in enhancing animal health, productivity, and food safety. These additives contribute to faster animal growth, increased meat and milk production, and improved disease resistance by providing essential nutrients and supporting vital functions. Particularly significant in the poultry industry, these additives mitigate the risk of harmful bacterial and parasitic contamination, addressing concerns related to antibiotic use in preventing and treating salmonella infections.
- Furthermore, the adoption of veterinary medicinal food and beverage additives can contribute to a reduction in the environmental impact of animal agriculture. Probiotics, for instance, enhance feed conversion efficiency, leading to decreased waste production. The use of antibiotics helps minimize the need for euthanasia due to illness. The market trends reflect a global demand for meat and poultry products, driven by a rapidly growing population. Rising disposable incomes in developing nations have increased demand for higher-quality animal products, fostering the need for premium veterinary medicinal food and beverage additives that enhance the quality and taste of meat and poultry. Increasing awareness of animal welfare is a shift toward more humane and sustainable farming practices, increasing the demand for additives that prioritize the well-being of animals and the environment.
Veterinary Medicinal Food & Beverages Additives Market Trend Analysis
Increasing Awareness of Animal Health
- The increasing awareness of animal health stands as the driving growth factor of the Veterinary Medicinal Food & Beverages Additives market. Livestock farmers and pet owners are increasingly recognizing the profound impact of nutrition on the well-being and productivity of animals.
- Awareness has led to a proactive approach to adopting veterinary medicinal additives to ensure the optimal health of animals under their care. Farmers and pet owners are now more informed about the importance of providing balanced and nutrient-rich diets to prevent diseases, promote growth, and enhance the overall quality of life for their animals. The demand for veterinary medicinal additives is on the rise, supporting animal growth and disease prevention, reflecting a societal shift towards responsible animal care practices.
Rising Demand for Functional Additives
- The trend reflects a shift beyond basic nutrition, with consumers increasingly seeking additives that offer specific health benefits for their pets and livestock. The demand encompasses functional additives, including probiotics for improved gut health, prebiotics to enhance immune system function, antioxidants for cell protection, essential oils with natural antimicrobial properties, joint health supplements promoting mobility, and cognitive function enhancers mitigating age-related decline.
- The demand creates an opportunity for companies to innovate and market products addressing precise health needs with measurable advantages. To capitalize on this, companies can invest in research and development for new functional additives, substantiate product efficacy and safety through scientific evidence, collaborate with veterinary experts for tailored solutions, and execute targeted marketing campaigns to educate consumers and build brand awareness. Companies can distinguish themselves in a competitive market, tapping into a rapidly growing segment with substantial potential for future growth, influencing the growth and innovation within the veterinary medicinal food and beverages additives market.
Veterinary Medicinal Food & Beverages Additives Market Segment Analysis:
Veterinary Medicinal Food & Beverages Additives Market Segmented based on type, Mixture, End-users, and Distribution Channel.
By Animal Type, Poultry segment is expected to dominate the market during the forecast Period
- The poultry segment within the Veterinary Medicinal Food and beverages Additives market plays a crucial role in the specific nutritional and health needs of poultry livestock, including chickens and turkeys. Poultry farming is a significant and rapidly expanding sector, increasing global demand for poultry products.
- The increasing consumer preference for antibiotic-free poultry products, there is a growing trend towards the development of alternative additives and natural supplements for poultry nutrition, reflecting a broader industry shift towards more sustainable and health-conscious practices.
Veterinary Medicinal Food & Beverages Additives Market Regional Insights:
Asia Pacific is Expected to Dominate the Market Over the Forecast Period
- The Asia-Pacific region is set to dominance in the global veterinary medicinal food and beverages additives market due to combination of factors for substantial market expansion. Increased in demand for animal protein necessitates effective solutions to optimize the health and productivity of livestock, creating a robust market for veterinary additives.
- Consumer are awareness regarding animal health and welfare in the Asia-Pacific region. The adoption of best practices in animal husbandry preference for high-quality feed and veterinary additives. Governments in the region are supporting the trend through various initiatives, including financial incentives for research and development, subsidies for farmers, and the implementation of regulations promoting animal welfare and food safety.
- Furthermore, the vast and diverse animal population in the Asia-Pacific region, driving poultry, swine, ruminants, and a growing population of companion animals, necessitates a wide range of veterinary additives specifically for unique needs. Technological advancements, rising disposable incomes, and e-commerce market, positions Asia-Pacific as a key driver of the global veterinary medicinal food & beverages additives market. Additionally, the region's untapped potential in developing economies offers significant growth opportunities for companies in this sector.
Key Players Covered in Veterinary Medicinal Food & Beverages Additives Market:
- Pfizer (U.S)
- Zoetis U.S)
- Elanco (U.S)
- Merck (U.S)
- Archer Daniels Midland Company (U.S)
- Bioniche Animal Health Canada (Canada)
- Merial (Sanofi) (Germany)
- Bayer Healthcare (Germany)
- Boehringer Ingelheim (Germany)
- Adisseo (China)
- Virbac (France) and Other Major Players
Key Industry Developments in the Veterinary Medicinal Food & Beverages Additives Market:
- In November 2023, Virbac acquired a majority stake in a leading Indian poultry vaccines company- Globion. This strengthened the company’s position as a leading animal health player in the Indian poultry vaccines market by extending Virbac India’s poultry portfolio.
- In October 2023, Merck Animal Health made available its canonized monoclonal antibody- gilvetmab, to board-certified veterinary oncologists in the U.S. The product has received conditional licensing from the USDA’s Center for Veterinary Biologics (CVB) to treat canine melanoma & mast cell cancers.
- In May 2023, Merck Animal Health received approval for BRAVECTO QUANTUM (fluralaner) in Australia. This makes it the only injectable parasiticide that provides dogs up to a full year of protection against fleas & ticks.
Global Veterinary Medicinal Food & Beverages Additives Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 11.82 Bn. |
Forecast Period 2024-32 CAGR: |
5.50 % |
Market Size in 2032: |
USD 19.14 Bn. |
Segments Covered: |
By Type |
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By Mixture |
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By Animal Type |
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By End-User |
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By Distribution Channel |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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- INTRODUCTION
- RESEARCH OBJECTIVES
- RESEARCH METHODOLOGY
- RESEARCH PROCESS
- SCOPE AND COVERAGE
- Market Definition
- Key Questions Answered
- MARKET SEGMENTATION
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GROWTH OPPORTUNITIES BY SEGMENT
- MARKET LANDSCAPE
- PORTER’S FIVE FORCES ANALYSIS
- Bargaining Power Of Supplier
- Threat Of New Entrants
- Threat Of Substitutes
- Competitive Rivalry
- Bargaining Power Among Buyers
- INDUSTRY VALUE CHAIN ANALYSIS
- MARKET DYNAMICS
- Drivers
- Restraints
- Opportunities
- Challenges
- MARKET TREND ANALYSIS
- REGULATORY LANDSCAPE
- PESTLE ANALYSIS
- PRICE TREND ANALYSIS
- PATENT ANALYSIS
- TECHNOLOGY EVALUATION
- MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
- Geopolitical Market Disruptions
- Supply Chain Disruptions
- Instability in Emerging Markets
- ECOSYSTEM
- PORTER’S FIVE FORCES ANALYSIS
- VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET BY TYPE (2017-2032)
- VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- AMINO ACIDS
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- ANTIBIOTICS
- VITAMINS
- VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET BY MIXTURE TYPE (2017-2032)
- VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- SUPPLEMENTS
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- CONCENTRATES
- PREMIXES
- BASE MIXES
- VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET BY ANIMAL TYPE (2017-2032)
- VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- RUMINANTS
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- SWINE
- POULTRY
- OTHER { HORSES, FISH, PETS}
- VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET BY END-USERS (2017-2032)
- VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- LIVESTOCK FARMERS
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- COMPANION ANIMAL OWNERS
- VETERINARY CLINICS
- HOSPITALS
- VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET BY DISTRIBUTION CHANNEL (2017-2032)
- VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- VETERINARY PHARMACIES
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 – 2032F)
- Historic And Forecasted Market Size in Volume (2017 – 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- FEED STORES
- ONLINE RETAIL
- COMPANY PROFILES AND COMPETITIVE ANALYSIS
- COMPETITIVE LANDSCAPE
- Competitive Positioning
- Luxury Goods Market Share By Manufacturer (2023)
- Industry BCG Matrix
- Heat Map Analysis
- Mergers & Acquisitions
- PFIZER (U.S)
- Company Overview
- Key Executives
- Company Snapshot
- Role of the Company in the Market
- Sustainability and Social Responsibility
- Operating Business Segments
- Product Portfolio
- Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
- Key Strategic Moves And Recent Developments
- SWOT Analysis
- ZOETIS U.S)
- ELANCO (U.S)
- MERCK (U.S)
- ARCHER DANIELS MIDLAND COMPANY (U.S)
- BIONICHE ANIMAL HEALTH CANADA (CANADA)
- MERIAL (SANOFI) (GERMANY)
- BAYER HEALTHCARE (GERMANY)
- BOEHRINGER INGELHEIM (GERMANY)
- ADISSEO (CHINA)
- COMPETITIVE LANDSCAPE
- GLOBAL VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET BY REGION
- OVERVIEW
- NORTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Type
- Historic And Forecasted Market Size By Mixture
- Historic And Forecasted Market Size By Animal Type
- Historic And Forecasted Market Size By End-Users
- Historic And Forecasted Market Size By Distribution Channel
- Historic And Forecasted Market Size By Country
- USA
- Canada
- Mexico
- EASTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest Of Eastern Europe
- WESTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Germany
- United Kingdom
- France
- The Netherlands
- Italy
- Spain
- Rest Of Western Europe
- ASIA PACIFIC
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New-Zealand
- Rest Of APAC
- MIDDLE EAST & AFRICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
- SOUTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Brazil
- Argentina
- Rest of South America
- INVESTMENT ANALYSIS
- ANALYST VIEWPOINT AND CONCLUSION
- Recommendations and Concluding Analysis
- Potential Market Strategies
Global Veterinary Medicinal Food & Beverages Additives Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 11.82 Bn. |
Forecast Period 2024-32 CAGR: |
5.50 % |
Market Size in 2032: |
USD 19.14 Bn. |
Segments Covered: |
By Type |
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By Mixture |
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By Animal Type |
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By End-User |
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By Distribution Channel |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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LIST OF TABLES
TABLE 001. EXECUTIVE SUMMARY
TABLE 002. VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET COMPETITIVE RIVALRY
TABLE 005. VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET THREAT OF NEW ENTRANTS
TABLE 006. VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET THREAT OF SUBSTITUTES
TABLE 007. VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET BY TYPE
TABLE 008. AMINO ACIDS MARKET OVERVIEW (2016-2028)
TABLE 009. ANTIBIOTICS MARKET OVERVIEW (2016-2028)
TABLE 010. VITAMINS MARKET OVERVIEW (2016-2028)
TABLE 011. VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET BY APPLICATION
TABLE 012. PET MARKET OVERVIEW (2016-2028)
TABLE 013. POULTRY MARKET OVERVIEW (2016-2028)
TABLE 014. OTHER MARKET OVERVIEW (2016-2028)
TABLE 015. NORTH AMERICA VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET, BY TYPE (2016-2028)
TABLE 016. NORTH AMERICA VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET, BY APPLICATION (2016-2028)
TABLE 017. N VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET, BY COUNTRY (2016-2028)
TABLE 018. EUROPE VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET, BY TYPE (2016-2028)
TABLE 019. EUROPE VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET, BY APPLICATION (2016-2028)
TABLE 020. VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET, BY COUNTRY (2016-2028)
TABLE 021. ASIA PACIFIC VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET, BY TYPE (2016-2028)
TABLE 022. ASIA PACIFIC VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET, BY APPLICATION (2016-2028)
TABLE 023. VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET, BY COUNTRY (2016-2028)
TABLE 024. MIDDLE EAST & AFRICA VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET, BY TYPE (2016-2028)
TABLE 025. MIDDLE EAST & AFRICA VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET, BY APPLICATION (2016-2028)
TABLE 026. VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET, BY COUNTRY (2016-2028)
TABLE 027. SOUTH AMERICA VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET, BY TYPE (2016-2028)
TABLE 028. SOUTH AMERICA VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET, BY APPLICATION (2016-2028)
TABLE 029. VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET, BY COUNTRY (2016-2028)
TABLE 030. PFIZER: SNAPSHOT
TABLE 031. PFIZER: BUSINESS PERFORMANCE
TABLE 032. PFIZER: PRODUCT PORTFOLIO
TABLE 033. PFIZER: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 033. MERCK: SNAPSHOT
TABLE 034. MERCK: BUSINESS PERFORMANCE
TABLE 035. MERCK: PRODUCT PORTFOLIO
TABLE 036. MERCK: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 036. MERIAL (SANOFI): SNAPSHOT
TABLE 037. MERIAL (SANOFI): BUSINESS PERFORMANCE
TABLE 038. MERIAL (SANOFI): PRODUCT PORTFOLIO
TABLE 039. MERIAL (SANOFI): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 039. BAYER HEALTHCARE: SNAPSHOT
TABLE 040. BAYER HEALTHCARE: BUSINESS PERFORMANCE
TABLE 041. BAYER HEALTHCARE: PRODUCT PORTFOLIO
TABLE 042. BAYER HEALTHCARE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 042. VIRBAC: SNAPSHOT
TABLE 043. VIRBAC: BUSINESS PERFORMANCE
TABLE 044. VIRBAC: PRODUCT PORTFOLIO
TABLE 045. VIRBAC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 045. ZOETIS: SNAPSHOT
TABLE 046. ZOETIS: BUSINESS PERFORMANCE
TABLE 047. ZOETIS: PRODUCT PORTFOLIO
TABLE 048. ZOETIS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 048. ELANCO: SNAPSHOT
TABLE 049. ELANCO: BUSINESS PERFORMANCE
TABLE 050. ELANCO: PRODUCT PORTFOLIO
TABLE 051. ELANCO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 051. NOVARTIS: SNAPSHOT
TABLE 052. NOVARTIS: BUSINESS PERFORMANCE
TABLE 053. NOVARTIS: PRODUCT PORTFOLIO
TABLE 054. NOVARTIS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 054. BOEHRINGER INGELHEIM: SNAPSHOT
TABLE 055. BOEHRINGER INGELHEIM: BUSINESS PERFORMANCE
TABLE 056. BOEHRINGER INGELHEIM: PRODUCT PORTFOLIO
TABLE 057. BOEHRINGER INGELHEIM: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 057. HESKA: SNAPSHOT
TABLE 058. HESKA: BUSINESS PERFORMANCE
TABLE 059. HESKA: PRODUCT PORTFOLIO
TABLE 060. HESKA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 060. BIONICHE ANIMAL HEALTH CANADA: SNAPSHOT
TABLE 061. BIONICHE ANIMAL HEALTH CANADA: BUSINESS PERFORMANCE
TABLE 062. BIONICHE ANIMAL HEALTH CANADA: PRODUCT PORTFOLIO
TABLE 063. BIONICHE ANIMAL HEALTH CANADA: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET OVERVIEW BY TYPE
FIGURE 012. AMINO ACIDS MARKET OVERVIEW (2016-2028)
FIGURE 013. ANTIBIOTICS MARKET OVERVIEW (2016-2028)
FIGURE 014. VITAMINS MARKET OVERVIEW (2016-2028)
FIGURE 015. VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET OVERVIEW BY APPLICATION
FIGURE 016. PET MARKET OVERVIEW (2016-2028)
FIGURE 017. POULTRY MARKET OVERVIEW (2016-2028)
FIGURE 018. OTHER MARKET OVERVIEW (2016-2028)
FIGURE 019. NORTH AMERICA VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 020. EUROPE VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 021. ASIA PACIFIC VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. MIDDLE EAST & AFRICA VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. SOUTH AMERICA VETERINARY MEDICINAL FOOD & BEVERAGES ADDITIVES MARKET OVERVIEW BY COUNTRY (2016-2028)
Frequently Asked Questions :
The forecast period in the Veterinary Medicinal Food & Beverages Additives Market research report is 2024-2032.
Pfizer (U.S), Zoetis U.S), Elanco (U.S), Merck (U.S), Archer Daniels Midland Company (U.S), Bioniche Animal Health Canada (Canada), Merial (Sanofi) (Germany), Bayer Healthcare (Germany), Boehringer Ingelheim (Germany), Adisseo (China), Virbac (France), and Other Major Players.
The Veterinary Medicinal Food & Beverages Additives Market is segmented into Type, Mixture, Animal Type, End-users, Distribution Channel, and region. By Type, the market is categorized into Amino Acids, Antibiotics, and Vitamins. By Mixture, the market is categorized into Supplements, Concentrates, Premixes, and Base Mixes. By Animal Type, the market is categorized into Ruminants, Swine, Poultry, and Other {horses, fish, and pets}. By End-Users, the market is categorized into Livestock Farmers, Companion Animal Owners, Veterinary Clinics, and Hospitals. By Distribution Channel, the market is categorized into Veterinary Pharmacies, Feed Stores, and Online Retail. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Veterinary medicinal food and beverage additives refer to substances added to the diet of animals, particularly livestock and pets, to enhance their health, well-being, and overall performance. These additives can take various forms, including antibiotics, vitamins, amino acids, enzymes, antioxidants, preservatives, flavors, sweeteners, and other nutritional supplements.
The Veterinary Medicinal Food & Beverages Additives Market size is expected to grow from USD 11.82 Billion in 2023 to USD 19.14 Billion by 2032, at a CAGR of 5.50% during the forecast period (2024-2032).