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.
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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 Strategic Insights
Strategic insights for the Europe Animal Feed Additives provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Market leaders and key company profiles
Cargill, Incorporated
Archer-Daniels-Midland Company
Evonik Industries AG
Land O’Lakes, Inc
Nutreco N.V
Alltech
DuPont de Nemours, Inc.
DSM
Novozymes
Kemin Industries Inc.
Europe Animal Feed Additives Regional Insights
The geographic scope of the Europe Animal Feed Additives refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Akshay
Senior Market Research Expert at Business Market Insights
