Europe Animal Feed Additives Market

Market Overview

The Europe animal feed additives market size witnessed significant growth in the past and is expected to grow at a CAGR of around 2.9% during the forecast period (2023-2030)

The demand for animal products with high nutritional profiles has expanded significantly over the past few years due to the rising concern about health and fitness. Due to this shift in consumer behavior, farmers must now provide premium animal products. In keeping with this, farmers are choosing unique ingredients for their animal feed that can give the feed the necessary nutritional value, texture, and flavor while being secure, healthy, and sustainable. Additionally, it has been noted that consuming these compounds in a particular amount benefits livestock by enhancing digestion and reproduction. 

Highlights

• Functional feed additives dominate the market by type.
• Dry dominates the market by form
• Pork dominates the market by distribution.

Market Dynamics

Europe Animal Feed Additives Market Drivers

Increasing Demand for the Meat Industry

The pig business relies heavily on animal feed additives to increase feed efficiency and lower production costs. Pigs benefit from additives like enzymes, probiotics, and organic acids because they improve digestion, maximize nutrient use, and encourage rapid growth. These additives help increase feed conversion rates and increase productivity as a whole. The EU, behind China, is the world's second-largest pork producer, according to the European Commission. The E.U. produced over 23.6 million metric tons of pork in 2020, a sizable percentage of the world market for pork. Animal feed additives assist efficient and sustainable pig production, driven by the rising demand for pork products within Europe and export.

Europe Animal Feed Additives Market Restraints

Stringent Regulations

To address concerns about antimicrobial resistance and encourage responsible antibiotic usage, Europe has adopted stringent laws that strictly control and restrict the use of antibiotics in animal feed. The E.U.'s Veterinary Medicines Regulation further strengthened the rules governing the use of antibiotics in animal feed, which took effect in January 2022. It underlines the importance of using antibiotics responsibly and restricts their usage to only being used therapeutically and under veterinary supervision. A considerable movement toward antibiotic-free agricultural systems has occurred in Europe due to the restrictions on the use of antibiotics in animal feed. This involves using alternative feed additives to boost animal performance and health and organic farming, which forbids antibiotics as growth promoters.

Europe Animal Feed Additives Market Opportunities

Increasing Demand for High-Quality Animal Products

Poultry with better nutritional profiles, particularly omega-3 fatty acids, is in demand. Feed additives can help poultry satisfy consumers' nutritional needs. In 2019, 90% of European shoppers prioritized meat quality. Nutrition, taste, and safety are included. Consumers may prefer feed additives that boost animal product nutrition. Thus, providing an opportunity for market growth in the region.

Regional Analysis

The market is analyzed by country in Germany, France, the U.K., Italy, Spain, and the rest of Europe. The rest of Europe dominated the market and is expected to grow at a CAGR of 1.6% during the forecast period.

Any substance intentionally added to feed or water to accomplish one or more of the following tasks is called a feed additive. The E.U. does not include feed ingredients or premixtures in this definition. Germany will likely lead the market for animal feed chemicals in Europe. As the sales of ready-to-eat and packaged meat products have gone up, stricter food regulations have been put in place in the country, also changing the market outlook.

Animal feed additive sales in the United States are getting a boost from the growth of the livestock and farm industries. Animal feed additives are very important for the health of livestock and people who eat goods made from animals. Because of these things, players in the market need to keep high-quality standards when making animal feed ingredients to keep sales going through 2031.

Segmental Analysis

The Europe animal feed additives market is segmented based on type, form, distribution, and country.

The market is further segmented by Type into Feed sanitizers, Antibiotic, Amino Acids, Vitamins, Minerals, Mycotoxin Binders, Feed Acidifiers, Functional Feed additives (Enzymes, Probiotics, Antioxidants, Vitamins), and Others.

The functional Feed additives segment dominates the market and is expected to grow at a CAGR of 3.1% during the forecast period.

Probiotics dominate the market among the functional feed additives type and are expected to grow at a CAGR of 2.8% during the forecast period.

The market is further segmented by form into dry and liquid.

Dry dominated the market and is expected to register a CAGR of 2.4% over the forecast period.

The market is further segmented by distribution channel into Poultry, cattle, pork, and Aquaculture.

The pork segment dominates the market and is expected to grow at a CAGR of 3.1% during the forecast period.

Recent Developments

• May 2023- Building on its two years of success in North America, Cargill RegenConnectTM added nine new states to its service while expanding to France, Germany, Poland, and Romania.
• May 2023- Bel made low-methane milk and worked with partner DSM-Firmenich on the Slovakian dairy chain.