The European animal feed additives market is projected to expand from US$ 7,727.66 million in 2021 to US$ 10,827.83 million by 2028, demonstrating a compound annual growth rate (CAGR) of 4.9% during this period.
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Animal feed products are enhanced with various additives, including vitamins, minerals, phosphorus, and calcium, to bolster bone strength and reduce animal mortality. Boron additives, for instance, are beneficial in treating bone fractures. Probiotics are incorporated to boost animal immunity and improve growth performance. Furthermore, animal feed is fortified with synthetic amino acids to reduce the need for crude proteins like soybean. Common additives such as antibiotics, acidifiers, antioxidants, vitamins, minerals, amino acids, binders, and enzymes are widely used. The increasing demand for these additives, driven by their associated health benefits, is expected to fuel market growth during the forecast period.
In Europe, the animal feed market experienced a downturn due to COVID-19 restrictions. The European Compound Feed Manufacturers' Federation (FEFAC) reported a 1.0% decline in EU animal feed production in 2020, as the pandemic affected consumer demand for animal products. Additionally, outbreaks of avian influenza in various parts of Europe further challenged the poultry sector, consequently impacting the animal feed additives market. However, as pandemic-related restrictions ease, consumer preference for chicken meat is growing, which is anticipated to gradually stimulate the animal feed industry. This resurgence will subsequently create growth opportunities for the animal feed additives market in terms of value sales.
The introduction of new features and technologies by vendors is expected to attract new customers and facilitate market expansion into emerging regions, thus driving the growth of the European animal feed additives market at a favorable CAGR during the forecast period.
Europe Animal Feed Additives: Strategic Insights for Market Leadership
This report delivers data-driven strategic insights into the European animal feed additives industry. We analyze current trends, key players, and regional variations to provide actionable recommendations. Our aim is to empower stakeholders—investors, manufacturers, and others—to gain a competitive edge by identifying untapped market segments and crafting unique value propositions. By leveraging data analytics, these insights enable anticipation of market shifts and foster long-term success in this dynamic region. Ultimately, these strategic insights facilitate informed decision-making, driving profitability and achieving business objectives within the European animal feed additives market.
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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Author's Bio
Akshay
Senior Market Research Expert at Business Market Insights
