The Europe Feed Additives Market was worth USD 4.52 billion in 2018 and estimated to be growing at a CAGR of 4.1%, to reach USD 5.53 billion by 2023. The Europe feed additives market is emerging at a substantial rate due to the rise in the livestock population for meat consumption as a source of protein.
Feed additives are used in animal nutrition to enhance the quality and properties of animal fodder to enhance features such as palatability preservation, overall gut health/digestive performance, and others. They have gained status globally, as they further the overall health of the animal, in turn increasing the quality and quantity of meat produced from them. For example, a swine diet consists of various natural and synthetic additives, such as high dietary levels of copper and zinc, acidifiers, and phytase to increase the productivity and profitability of this feed.
The growth of the Europe Feed Additives market is mainly driven by factors such as the rise in meat consumption, a better understanding of quality feed, demand for low-cost meat with superior nutritional, and the ecological effect of the meat and dairy industry. Technology modernizations are also playing a vital role in the progression of this industry. Strict regulatory structures, especially in the EU has hampered the growth of this market.
The Europe feed additives market is segmented based on type and livestock. The market for feed additives, on the basis of type, is classified into Antioxidants, Amino Acids, Enzymes, Antibiotics, Vitamins, Prebiotics, Acidifiers, Probiotics, Feed Pigments, Mycotoxin Detoxifiers, Flavours and Sweeteners, Feed Minerals, Feed Binders, and each is further classified into subgroups. On the basis of livestock, the Europe feed additives market is segmented into poultry, cattle, swine, aquatic animals, and others. By livestock, the poultry segment leads the feed additives market in Europe. Amino Acids, antibiotics, acidifiers, and vitamins are the major sectors accounting for almost 50% of the entire feed additives market. Feed antioxidant is another high growth segment in this market owing to ramped-up efforts of manufacturers to avoid feed spoilage and wastage.
The Europe market, which has the largest consumer base in the world has been geographically segmented into Germany, U.K, France, Spain, and Italy. Germany and Spain are the major players, while UK is the fast growing market in this region. The poultry segment is developing as a leading livestock segment for the consumption of feed additives, trailed by swine and cattle, because of the increase in demand for poultry meat, consumer taste predilections. Europe is the biggest user of feed enzymes and feed acidifiers and their market share is anticipated to increase due to the ban on antibiotics growth promoters. This resolute push from the EU for substitutes to antibiotics has led to an amplified consumption of acidifiers in this region.
Some of the major companies dominating this market in this region are Cargill, Inc., Alltech, Inc., Novozymes A/S,BASF SE, Chr. Hansen Holding A/S, Charoen Pokphand Foods Public Company Limited, Archer Daniels Midland Company, Nutreco N.V., Adisseo France SAS, andEvonik Industries AG.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5.1 By Type
5.1.1 Antibiotics
5.1.2 Antioxidants
5.1.3 Amino Acids
5.1.4 Enzymes
5.1.5 Vitamins
5.1.6 Mycotoxin Detoxifiers
5.1.7 Prebiotics
5.1.8 Acidifiers
5.1.9 Probiotics
5.1.10 Feed Pigments
5.1.11 Feed Binders
5.1.12 Flavours and Sweeteners
5.1.13 Feed Minerals
5.2 By Livestock
5.2.1 Poultry
5.2.2 Cattle
5.2.3 Swine
5.2.4 Aquatic animals
6.1 Introduction
6.2 U.K
6.3 Spain
6.4 Germany
6.5 Italy
6.6 France
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.1 BASF SE
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Cargill Inc.
8.3 Alltech Inc.
8.4 Novozymes A/S
8.5 Chr. Hansen Holding A/S
8.6 Archer Daniels Midland Company
8.7 Charoen Pokphand Foods Public Company Limited
8.8 Nutreco N.V.
8.9 Evonik Industries AG
8.10 Adisseo France SAS
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
