Europe Specialty Feed Additives Market

Europe Specialty Feed Additives Market Size, Growth & Forecast:

Europe Specialty Feed Additives Market was worth USD 1.27 billion in 2021 and estimated to be growing at a CAGR of 5.7%, to reach USD 1.67  billion by 2026.

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 is a vital market to the society as it enhances the quality of meat and other animal products thus adding nutrition to the human life as well. The recent period has seen a significant rise in the importance paid to the Specialty feed additives for the livestock.

Europe Specialty Feed Additives Market Drivers:

The growth of the Europe 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 the feed additives. However, factors such as strict regulation of government could pose as a restraint for this market

The Europe Specialty Feed Additives Market is segmented and sub-segmented into following categories:

Europe Specialty Feed Additives Market - By Type of feed:

• Vitamins

• Antioxidants
• Flavours and Sweeteners
• Minerals
• Binders
• Acidifiers
• others

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.

Europe Specialty Feed Additives Market - By Livestock:

• Aquatic animals
• Poultry
• Swine
• Ruminants
• others

Under this segment, feed additives for the poultry segment are leading the market currently.

Europe Specialty Feed Additives Market - By Form of feed:

• Liquid feed
• Dry feed

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 form of feed.

Europe Specialty Feed Additives Market - By Function:

• Palatability enhancement
• Mycotoxin Management
• Ingredient Preservation Digestive performance enhancement
• others

The Market is Geographically divided into:

Europe:

• Germany
• Spain
• U.K
• Denmark
• Netherlands

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 quality of animal products and meat.

Key Players:

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.