The European feed additives market size is expected to reach at USD 2.17 billion in 2024 and is expected to reach a market value of USD 2.40 billion by 2029, growing at a CAGR of 2% during the forecast period from 2024 to 2029.
One of the major driving factors that help the growth of the European feed additives market is the increased preference for processed food. High urbanization and growing demand from consumers for protein-rich diets resulting in huge consumption of poultry and pork are some of the driving factors of Europe's Feed Additives market. Factors such as high urbanization, increasing preference for processed food, etc., are supporting the growth of the feed additives market in the European nations.
Strict regulations required for approving new products into the market is a growth-affecting factor in Europe's Feed Additives market. The sustainability of feed and livestock is also among the major
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
2% |
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Segments Covered |
Type, Livestock, Form, Source and Region |
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Various Analyses Covered |
Global, Regional and Country Level Analysis; Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
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Regions Covered |
Germany, France, Italy |
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Market Leaders Profiled |
DowDuPont (US), ADM (US), Evonik (Germany), BASF (Germany), DSM (Netherlands), Solvay (Belgium), Ajinomoto (Japan), Novozymes (Denmark), Cargill (US), InVivo (France), Nutreco (Netherlands), Kemin (US), Adisseo (France), Chr. Hansen (Denmark) and Alltech (US). |
Among these, the mineral segment holds the major share of the market in terms of volume as they are essential for sustaining and improving the health of livestock.
Europe region has a significant share of the market owing to the surge in demand for meat and meat products, which is the growth of the Feed Additives market in the locale.
Evonik Industries AG, Adisseo France S A S, BASF SE, Cargill Europe BVBA, Lonza AG, Novozymes A/S, Chr. Hansen A/S. Some of the major key players involved in the European feed additives market.
Frequently Asked Questions
The current size of the Europe feed additives market was valued at USD 2.13 billion in 2023.
The European feed additives market is expected to grow at a market value of USD 2.35 billion by 2028
The mineral segment holds the major share of the market in terms of volume as they are essential for sustaining and improving the health of livestock.
Evonik Industries AG, Adisseo France S A S, BASF SE, Cargill Europe BVBA, Lonza AG, Novozymes A/S, Chr. Hansen A/S. Some of the major key players involved in the European feed additives market.
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