Europe Feed Additives Market Size, Share, and COVID-19 Impact Analysis, By Additive (Acidifiers, Amino Acids, Antibiotics, Antioxidants, Binders, Enzymes, Flavors & Sweeteners, Minerals, Mycotoxin Detoxifiers, Phytogenics, Pigments, Prebiotics, Probiotics, Vitamins, and Yeast), By Animal (Aquaculture, Poultry, Ruminants, and Swine), and Europe Feed Additives Market Insights, Industry Trend, Forecasts to 2033.

Europe Feed Additives Market Insights Forecasts to 2033

• The Europe Feed Additives Market Size was valued at USD 6.12 Billion in 2023.
• The Market is Growing at a CAGR of 4.10% from 2023 to 2033
• The Europe Feed Additives Market Size is Expected to Reach USD 9.15 Billion by 2033

The Europe Feed Additives Market is Anticipated to Reach USD 9.15 Billion by 2033, growing at a CAGR of 4.10% from 2023 to 2033

Market Overview

The production and application of a variety of compounds added to animal feed for the objectives of nutritional enrichment, growth improvement, and disease prevention are the focus of the Europe feed additives market. These additives, which improve the general health and productivity of animals, include vitamins, minerals, amino acids, enzymes, antioxidants, and probiotics. The development of this market in Europe is influenced by several variables. There is now a greater reliance on feed additives because of the rising demand for high-quality animal products, such as meat, dairy, and eggs to optimize livestock performance. The market has grown as a result of rising demand for sustainable agriculture and increased awareness of animal health. The Europe feed additives market is growing due to the growing trend of improving livestock feed efficiency and reducing environmental impact. Government policies, such as the European Food Safety Authority (EFSA) guidelines, ensure the safety and efficacy of feed additives while maintaining animal health and environmental standards. The EU's focus on limiting antibiotic use in animal feed has led to the growth of alternative alternatives like probiotics and prebiotics. This, combined with the growing demand for sustainable farming practices, creates a favorable climate for the market.

Report Coverage

This research report categorizes the market for the Europe feed additives market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Europe feed additives market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Europe feed additives market.

Driving Factors

The growing demand for high-quality animal products and growing consciousness of animal health significantly impact the feed additives market in Europe. The need for high-quality animal feed that promotes development and lowers disease has grown as customers' concerns about food products' safety and nutritional value have grown. Furthermore, the use of feed additives to improve feed efficiency and reduce environmental stress is being driven by the growing emphasis on sustainable agriculture. Feed technology innovation including that of natural additives like probiotics and enzymes drives industry expansion by offering healthier goods than traditional additives.

Restraining Factors

Feed additives' high production and formulation costs, particularly for small farms, may limit their use. Regulatory systems and complex approval procedures can hinder product development and market entry. The focus on reducing antibiotic usage in animal feed presents both challenges and opportunities. Volatility in raw material prices and supply chain disruptions can affect the cost-effectiveness of feed additive manufacturing, further constraining market growth.

Market Segmentation

The Europe feed additives market share is classified into additive and animal.

• The acidifiers segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

The Europe feed additives market is segmented by additive into acidifiers, amino acids, antibiotics, antioxidants, binders, enzymes, flavors & sweeteners, minerals, mycotoxin detoxifiers, phytogenics, pigments, prebiotics, probiotics, vitamins, and yeast. Among these, the acidifiers segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. Acidifiers are widely used to lower the pH of animal feed and prevent the growth of infections due to growing concerns about animal health and feed safety. Additionally, acidifiers are highly effective in enhancing nutrient absorption, which is why animal breeders like them.

• The poultry segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the animal, the Europe feed additives market is divided into aquaculture, poultry, ruminants, and swine. Among these, the poultry segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period. It is driven by the enormous demand for the region's key proteins, eggs, and poultry. Poultry farming is the largest user of feed additives since it uses them to promote growth, boost feed efficiency, and guarantee animal health. Other feed additives such as amino acids, vitamins, enzymes, and probiotics are in greater demand as a result of the chicken industry's rapid expansion and the growing focus on animal health and disease prevention.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Europe feed additives market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Archer Daniel Midland Co.
• BASF SE
• Cargill Inc.
• Evonik Industries AG
• SHV (Nutreco NV)
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In January 2023, Novus International acquired biotech firm Agrivida, marking a significant move in the feed additives industry. The acquisition aims to develop sustainable feed additives that can enhance animal nutrition efficiency and address emerging livestock production issues. Agrivida's expertise lies in enzyme development, while Novus's focus is on feed efficiency and sustainable agriculture.

Market Segment

• This study forecasts revenue at Europe, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Europe feed additives market based on the below-mentioned segments

Europe Feed Additives Market, By Additive

• Acidifiers
• Amino Acids
• Antibiotics
• Antioxidants
• Binders
• Enzymes
• Flavors & Sweeteners
• Minerals
• Mycotoxin Detoxifiers
• Phytogenics
• Pigments
• Prebiotics
• Probiotics
• Vitamins
• Yeast

Europe Feed Additives Market, By Animal

• Aquaculture
• Poultry
• Ruminants
• Swine