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.
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.
REPORT METRIC |
DETAILS |
Market Size Available |
2021 – 2027 |
Base Year |
2021 |
Forecast Period |
2022 - 2027 |
CAGR |
2% |
Segments Covered |
Type, Livestock, Form, Source |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
Germany, France, Italy |
Market Leaders Profiled |
DowDuPont (US), ADM (US), Evonik (Germany), BASF (Germany), DSM (Netherlands), Solvay (Belgium), Ajinomoto (Japan), Novozymes (Denmark), Cargill (US), InVivo (France), Nutreco (Netherlands), Kemin (US), Adisseo (France), Chr. Hansen (Denmark) and Alltech (US). |
Market Segmentation
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.
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
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.
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