The Europe feed amino acids market size is expected to reach USD 6.29 billion in 2024 and reach USD 8.48 billion by 2029, growing at a CAGR of 6.17% from 2024 to 2029.
The Europe feed amino acids market continues to rise with the increase in demands for animal derived products. The breeders have started to take more interest in the market and their will to have an increase in their profitability has led to a sharp growth in the market and will stay the same in coming years.
Feed amino acids are mostly used as additives in feed for various types of animals. They are used to increase the productivity of the livestock and hence to meet the rise in demand for animal products. Also, the nutritional value of Amino Acids helps prevent various health problems like autism, fatigue, allergies, dermatitis, etc.
The increasing feed costs and rise in demand for dairy and meat products have fuelled the growth of Europe's feed amino acids market. Other factors propelling the growth of the Europe feed amino acids market size include the expansion of the animal meat market, the Industrialization of the livestock industry, and livestock disease outbreaks. Apart from the drivers, the Europe feed amino acids market also faces some restraints and challenges as well, some of which are competition for raw materials with other industries, availability of alternative protein sources, Regulatory framework, and price volatility of Agri-commodities. These factors have been acting as hurdles in the growth of the Europe feed amino acids market.
Some of the major leaders of the Europe feed amino acids market include Archer Daniels Midland Company, Adisseo France Sas, Ajinomoto Co. Inc., Royal Dsm N.V., Cargill Inc, Cheil Jedang, Novus International Inc, Evonik Industries Ag, PHW Group, Kemin Europa.
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