Europe Feed Additives Market

Europe Feed Additives Market (2023 to 2028)

The European feed additives market was valued at USD 2.13 billion in 2023 and is expected to reach a market value of USD 2.35 billion by 2028, at a CAGR of 2% during the forecast period from 2023 to 2028.

One of the major driving factors that help the growth of the European 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's Feed Additives market. Factors such as high urbanization, increasing preference for processed food, etc., are supporting the growth of the feed additives market in the European nations.

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

Impact of COVID-19 on the Europe feed additives market:

The coronavirus pandemic has affected almost all businesses mainly in three ways: directly affecting production, creating supply chain and market disturbance, and financially. Covid-19 has impacted every sector, like restaurants, manufacturing units, flights, traveling and so many sectors to halt their services. Due to COVID-19, Europe's feed additives market is also facing difficulties and has witnessed huge financial losses due to the financial crisis they faced. As per the analysis, industry experts are predicting that the market will boost up and will be back to normal once the vaccine has been released. As we all are aware in most countries, the government has already lifted the lockdown and also given permission for the manufacturing companies to start their businesses with strict rules and regulations. As the companies have started their manufacturing units, the European market for feed additives will get back to normal and make profits soon.

REPORT COVERAGE:

This market research on the European feed additives market is segmented and sub-segmented into the following categories.

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

Europe Feed Additives Market - By Country:

• UK
• France
• Spain
• Germany
• Italy
• Russia
• Sweden
• Denmark
• Switzerland
• Netherlands
• Turkey
• Czech Republic
• Rest of Europe

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

KEY MARKET PLAYERS: 

Evonik Industries AG, Adisseo France S A S, BASF SE, Cargill Europe BVBA, Lonza AG, Novozymes A/S, Chr. Hansen A/S. Some of the major key players involved in the European feed additives market.