Europe Feed Additives Market Outlook 2031
The Europe feed additives market size was USD 1.90 Billion in 2022 and is anticipated to reach USD 2.82 Billion by 2031 expand at a CAGR of 4.5% during the forecast period, 2023-2031. The growth of the market is attributed to the increasing livestock population.
Feed additives act as an extra nutrient for livestock. Additives include vitamins, amino acids, fatty acids, minerals, pharmaceuticals, fungal products, and steroidal compounds. The additives improve hygiene and digestibility of the animal. They affect physiological processes, which include immune function, stress resistance, and reproduction. Feed additives include feeding attractants, immunostimulants, prebiotics, probiotics, acidifiers, and essential oils.
Feed additives represent various classes of molecules, compounds, and organisms that promote ingestion, absorption, and assimilation of nutrients. Feed additives are used for improving the quality of feed or to improve the animals’ performance and health, which includes improving the digestibility of the feed materials.
Europe Feed Additives Market Trends, Drivers, Restraints, and Opportunities:
- Increasing meat consumption and meat prices is excepted to boost market growth.
- Growing consciousness about the benefits of additives is anticipated to boost the growth of the market during the forecast period.
- The COVID-19 pandemic had disrupted the supply chain in Europe. However, declining number of cases and relaxation in restrictions are expected to help the market recover soon.
- High cost of raw materials can restraint the market growth.
- Rising development and ongoing technological advancements in the feed additives market can create opportunities for the industry players in the projected timeline.
Scope of The Europe Feed Additives Market Report
The report on the Europe feed additives market research report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Feed Additives market - Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Additives (Antibiotics, Vitamins, Antioxidants, Amino Acids, Enzymes, Acidifiers, Mycotoxin Detoxifiers, Prebiotics, Probiotics, Palatability Enhancers, Pigments, Binders, Minerals, and Emulsifiers), Animal Types (Ruminant, Poultry, Swine, Aquaculture, and Others)
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Geographical Scope
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Germany, UK, France, Russia Spain, and Rest of Europe
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Adisseo, Alltech, BASF SE, Danisco Animal Nutrition, and ADM Animal Nutrition
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Europe feed additives Market Segment Insights
Binders segment to account a significant market share
Based on additives, the market is divided into antibiotics, vitamins, antioxidants, amino acids, enzymes, acidifiers, mycotoxin detoxifiers prebiotics, probiotics, palatability enhancers, pigments, binders, minerals, and emulsifiers. The binders segment is anticipated to account for a considerable market share during the forecast period. Followed by binders segment, the amino acids segment is expected to account for a considerable market share in the projected timeline.
Conversely, the vitamins segment is expected to grow at a steady rate during the forecast period. Rising prevalence of animal disease is driving the growth of the market segment.
Poultry segment is accounted to has major market share
Based on animal types, the Europe feed additives market is segmented into ruminant, poultry, swine, aquaculture, and others. The poultry segment is expected to account for a major market share during the forecast period. Growing concerns regarding animal health and rising consumer preference for a specific color of yolk and meat has led to the increasing demand for poultry feed additives. On the other hand, the aquaculture segment is anticipated to exhibit a substantial CAGR during the forecast period.
Germany to dominant the market share
In terms of geographies, the market is segregated into Germany, UK, France, Russia, Spain, and Rest of Europe. Germany is anticipated to dominant the market during the forecast period owing to increasing number of feed mills and feed production in the country. However, the market in the UK is expected to grow at a robust rate owing to growing focus on animal health and rising meat consumption in the country.
Segments
The Europe feed additives market has been segmented on the basis of
Additives
- Antibiotics
- Vitamins
- Antioxidants
- Amino Acids
- Enzymes
- Acidifiers
- Mycotoxin Detoxifiers
- Prebiotics
- Probiotics
- Palatability Enhancers
- Pigments
- Binders
- Minerals
- Emulsifiers
Animal Types
- Ruminant
- Poultry
- Swine
- Aquaculture
- Others
Geographies
- Germany
- United Kingdom
- France
- Russia Spain
- Rest of Europe
Key Players
Competitive Landscape
Key players operating in the Europe feed additives market includes Adisseo, Alltech, BASF SE, Danisco Animal Nutrition, and ADM Animal Nutrition.
Major industry players are engaging in partnerships, acquisitions, and collaborations to expand their market share. Moreover, they’re investing in R&D activities to expand their product portfolio.
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