The Europe Feed Additives Market was worth $4.14 billion in 2016 and estimated to be growing at a CAGR of 4.1%, to reach $5.06 billion by 2021.
The Europe feed additives market is emerging at a substantial rate due to the rise in the livestock population for meat consumption as a source of protein.
Feed additives are used in animal nutrition to enhance the quality and properties of animal fodder to enhance features such as palatability preservation, overall gut health/digestive performance, and others. They have gained status globally, as they further the overall health of the animal, in turn increasing the quality and quantity of meat produced from them. For example, a swine diet consists of various natural and synthetic additives, such as high dietary levels of copper and zinc, acidifiers, and phytase to increase the productivity and profitability of this feed.
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The growth of the Europe Feed Additives market is mainly driven by factors such as the rise in meat consumption, a better understanding of quality feed, demand for low-cost meat with superior nutritional, and the ecological effect of the meat and dairy industry.
Strict regulatory structures, especially in the EU has hampered the growth of this market.
The Europe feed additives market is segmented based on type and livestock. The market for feed additives, on the basis of type, is classified into Antioxidants, Amino Acids, Enzymes, Antibiotics, Vitamins, Prebiotics, Acidifiers, Probiotics, Feed Pigments, Mycotoxin Detoxifiers, Flavours and Sweeteners, Feed Minerals, Feed Binders, and each is further classified into subgroups.
On the basis of livestock , the Europe feed additives market i…nted into poultry , cattle , swine, aquatic animals , and others. By livestock, the poultry segment leads the feed additives market in Europe.
Amino Acids, antibiotics, acidifiers, and vitamins are the major sectors accounting for almost 50% of the entire feed additives market. Feed antioxidant is another high growth segment in this market owing to ramped-up efforts of manufacturers to avoid feed spoilage and wastage.
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The Europe market, which has the largest consumer base in the world has been geographically segmented into Germany, U.K, France, Spain, and Italy. Germany and Spain are the major players, while UK is the fast growing market in this region.
The poultry segment is developing as a leading livestock segment for the consumption of feed additives, trailed by swine and cattle, because of the increase in demand for poultry meat, consumer taste predilections. Europe is the biggest user of feed enzymes and feed acidifiers and their market share is anticipated to increase due to the ban on antibiotics growth promoters.
This resolute push from the EU for substitutes to antibiotics has led to an amplified consumption of acidifiers in this region.
Some of the major companies dominating this market in this region are Cargill, Inc., Alltech, Inc., Novozymes A/S,BASF SE, Chr. Hansen Holding A/S, Charoen Pokphand Foods Public Company Limited, Archer Daniels Midland Company, Nutreco N.V., Adisseo France SAS, andEvonik Industries AG.
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