UK Feed Additives Market Outlook 2031:
The UK feed additives market size was valued at USD 201.41 Million in 2022 and is projected to reach USD 309.79 Million by 2031, expanding at a CAGR of 4.9% during the forecast period 2023 - 2031. Growth of the market is attributed to rising demand for meat food.
Preservatives in feed are projected to grow at the rapid pace. As feed makers concentrate majorly on improving the shelf life of their goods, the need for feed preservatives has increased. The feed and livestock industries can get much viability by implementing a defined environmental footprint strategy which is based on sustainable production and spans the entire supply chain.
Standard methodologies can be used to calculate a wide range of resource efficiency indicators. The proper use of feed ingredients can aid in reducing the environmental impact of livestock faces. As compared to the global average, the meat consumption rate in the United Kingdom is high.
However, this trend is weakening due to the country's changing consumer preferences toward vegan food. The consumption of meat and milk products has increased as a result of urbanization. Specials that are high in animal protein and fat can be found in cities.
Due to increased industrial production of meat and dairy products, demand for high-quality compound feed from the livestock industry has increased significantly, resulting in increased intake of compound feed and feed additives. The need for artificial feed additives has been driven by easy availability of raw materials and low production costs. Synthetic feed additives segment is projected to grow faster than organic animal feed additives because of more market penetration.
The Covid-19 pandemic affected the demand and supply of UK feed additives market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
UK Feed Additives Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand for meat food is projected to drive the market.
- Growing demand for cold meet in the UK has fueled the market.
- Changing consumer preference to vegan food is estimated to hinder the market growth.
- Development of livestock products is anticipated to create immense opportunities for the market players.
Scope of Feed Additives Market Report
The report on the UK feed additives market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
UK Feed Additives Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
Types (Poultry, Ruminants, Swine, and Others)
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Alltech; Cargill Inc.; BASF SE; Dupont Danisco; and Nutreco.
Feed Additives Market Segment Insights
The poultry segment holds major market segment
Based on types, the UK feed additives market is segregated into poultry, ruminants, swine, and others. The poultry segment is estimated to expand at a rapid pace. Increasing concerns about animal health, as well as consumer preferences for certain colors of yolk and flesh, had fueled demand for chicken feed additives. Poultry and pig meat may now be produced in industrial-style production facilities across the country, even in areas where land is scarce.
Due to the rising demand for processed meat, which raised the consumption of feed additives, the market for preservatives in the animal nutrition and feed industry is projected to expand. Different government rules regarding the use of specific synthetic additives, or an increase in the cost of creating quality feed additives, are restricting the market's growth.
The U K feed additives market is segmented on the basis of
Major players competing in the U K feed additives market includes Alltech, Cargill Inc., BASF SE, Dupont Danisco, and Nutreco.
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.