Europe's specialty feed additives market was valued at USD 1.42 billion in 2023 and is anticipated to reach USD 1.50 billion in 2024 from USD 2.34 billion by 2032, growing at a CAGR of 5.7% from 2024 to 2032.
Specialty feed additives facilitate the provision of nutrition to farm animals, which cannot be gained through regular meals. They enhance the digestive system of the animals and are provided in the form of palatable food materials. Specialty feed additives are a vital market to society as they enhance the quality of meat and other animal products, thus adding nutrition to human life as well. The recent period has seen a significant rise in the importance paid to specialty feed additives for livestock.
The growth of the European specialty feed additives market is mainly driven by factors such as increasing awareness about meat quality, enhancement in knowledge about agriculture, rising population, and easier availability of feed additives. However, factors such as strict regulation of government could pose a restraint for this market
The Acidifiers segment leads the market on the basis of type of feed and is also projected to witness a higher growth rate during the forecast period.
Under this segment, feed additives for the poultry segment are leading the market currently.
The dry feed is further classified as Pellets and Powders. The liquid feed additives market is expected to have a higher CAGR among the feed additives based on the form of feed.
Germany and Spain are the major players while U.K is expected to show high growth in future years. The market in this region is projected to grow strongly during the forecast period due to various factors such as agricultural development and increasing concern for the quality of animal products and meat.
This market is extremely disjointed with numerous big and developing players operating in the business. The major companies dominating the Specialty Feed Additives Market in this region are Charoen Pokphand Foods Public Company Limited, BASF SE, Cargill Inc., Novozymes A/S, Hansen Holding A/S and Archer Daniels Midland Company.
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