Europe animal feed additives market in Europe is expected to grow from US$ 7,727.66 million in 2021 to US$ 10,827.83 million by 2028; it is estimated to grow at a CAGR of 4.9% from 2021 to 2028.
Animal feed products are fortified with vitamins, minerals, phosphorous, and calcium. Feed fortification helps increase the strength of bone and decrease the mortality of animals. Feed fortification is beneficial in treating bone fractures with help of boron additives. Probiotics fortification has evidently helped in increasing animal immunity and growing performance. The animal feed is fortified to reduce crude proteins, such as soybean, and contains synthetic amino acids. Antibiotics, acidifiers, antioxidants, vitamins, minerals, amino acids, binders, and enzymes are a few of the most popular types of additives used for the feed fortification. The growing demand for these additives due to the health benefits associated with each additive is expected to drive the growth of the animal feed additives market during the forecast period..
In Europe, The market for animal feed in the region has been negatively impacted due to COVID-19 restrictions. According to the European Compound Feed Manufacturers' Federation (FEFAC), EU animal feed production fell 1.0% in 2020 because the pandemic affected consumer demand for products of animal origin. Moreover, the avian influenza outbreaks in several parts of Europe added difficulties to the poultry sector which in turn also affected the animal feed additives market growth. However, chicken meat has begun gaining preference among consumers with the ease of restrictions in response to the improving situation of the ongoing pandemic. This is likely to gradually drive the growth of the animal feed industry in the coming years, which will subsequently offer growth opportunities for the animal feed additives market in terms of value sales.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe animal feed additives market. The Europe animal feed additives market is expected to grow at a good CAGR during the forecast period.
Europe Animal Feed Additives Revenue and Forecast to 2028(US$ Million)
Europe Animal Feed Additives Segmentation
By Product Type
- Vitamins
- Amino Acids
- Carotenoids,
- Enzymes
- Prebiotics & Probiotics
- Minerals
- Acidifiers
- Lipids
- Others
By Livestock
- Poultry
- Ruminants
- Swine
- Aquaculture
- Others
By Country
-
Europe
- Germany
- France
- UK
- Italy
- Russia
- Rest of Europe
Companies Mentioned -
- Cargill, Incorporated
- Archer-Daniels-Midland Company
- Evonik Industries AG
- Nutreco N.V
- Alltech
- DuPont de Nemours, Inc.
- DSM
- Novozymes
- Kemin Industries Inc.
Europe Animal Feed Additives Market Strategic Insights
Europe Animal Feed Additives Market Report Highlights
| Report Attribute | Details |
| Market size in 2021 | US$ 7,727.66 Million |
| Market Size by 2028 | US$ 10,827.83 Million |
| CAGR (2021 - 2028) | 4.9% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product Type
|
|
Regions and Countries Covered
|
|
| Europe | UK, Germany, France, Russia, Italy, Rest of Europe |
| Market leaders and key company profiles |
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Europe Animal Feed Additives Market Country and Regional Insights
