Europe Feed Additives Market

Europe Feed Additives Market Size (2022 - 2027)

The Europe Feed Additives Market was valued at USD 2.05 billion in 2021 and is expected to reach the market value of USD 2.68 billion by 2027, at a CAGR of 2% during the forecast period of 2022 - 2027. Factors such as high urbanization, increasing preference for processed food, etc., are supporting the growth of the feed additives market in the European nations.

Market Driving Factors

One of the major driving factors that help the growth of the Europe Feed Additives market is the increased preference for processed food. High urbanization and growing demand from consumers for protein-rich diets resulting in huge consumption of poultry and pork are some of the driving factors of Europe Feed Additives market.

Market Challenges

Strict regulations required for approving new products into the market is a growth affecting factor of Europe Feed Additives market. Sustainability of feed and livestock is also among the major challenging factors that are limiting the expansion of the Europe Feed Additives market.

EUROPE FEED ADDITIVES MARKET REPORT COVERAGE

Market Segmentation

Europe Feed Additives Market – By Type

• Vitamins
• Acidifiers
• Amino acids
• Phosphates
• Carotenoids
• Enzymes
• Mycotoxin detoxifiers
• Flavors & sweeteners
• Antibiotics
• Minerals
• Antioxidants
• Non-protein nitrogen
• Phytogenics
• Preservatives
• Probiotics

Among these, the mineral segment holds the major share of the market in terms of volume as they are essential for sustaining and improving the health of livestock.

Europe Feed Additives Market – By Livestock

• Ruminants
  • Dairy
  • Beef
  • Calf
  • Goats
  • Sheep
• Poultry
  • Broilers
  • Layers
  • Breeders
• Swine
  • Starter
  • Sow
  • Grower
• Aquatic animal
• Others such as equine and pets

Europe Feed Additives Market – By Form

• Dry
• Liquid

Europe Feed Additives Market – By Source

• Natural
• Synthetic

Regional Analysis

Europe region is having a significant share of the market owing to the surge in demand for meat and meat products, which the growth of the Feed Additives market in the locale.

Key Players: 

Some of the key players of the Europe Feed Additives market are 

• Evonik Industries AG
• Adisseo France S A S
• BASF SE
• Cargill Europe BVBA
• Lonza AG
• Novozymes A/S
• Chr. Hansen A/S

Covid-19 impact on Europe Feed Additives Market

Coronavirus pandemic has affected almost all the businesses mainly in three ways, directly affecting the production, creating supply chain and market disturbance, and financially. The covid-19 has impacted in every sector like restaurants, manufacturing units, flights, traveling and so many sectors to halt their services.

Due to the covid-19, Europe Feed Additives market is also facing difficulties and witnessed huge financial losses due to financial crisis they had faced. As per the analysis, the industry experts are predicting that the market will boost up and will be back to the normal stage once the vaccine has been released. As we all are aware that in most countries, the government has already lifted the lockdown and also gave permission for the manufacturing companies to start their businesses with strict rules and regulations. As the companies have started their manufacturing units, the market of Europe Feed Additives will get back to the normal stage and get profits in the near future.