Market Research Report
Europe Feed Additives Market Forecast 2021-2028
|Published by||Inkwood Research||Product code||991389|
|Published||Content info||201 Pages
Delivery time: 2-3 business days
|Europe Feed Additives Market Forecast 2021-2028|
|Published: March 1, 2021||Content info: 201 Pages||
The Europe feed additives market is set to grow at a CAGR of 5.17% in terms of revenue and 4.34% in terms of volume, during the forecast period, 2021-2028. The rising demand for animal foods like milk, meat, and fish, the increasing demand for protein-rich diets, and the rapid urbanization, are driving the market growth.
Italy, the United Kingdom, Spain, France, Russia, Germany, and Rest of Europe, are analyzed for the Europe feed additives market growth assessment. There is a growing demand for feed additives with leading compound feed manufacturers based in Germany. There is also an increasing focus on product line expansions and innovations. Amino acids account for the major share, with probiotics and prebiotics registering the highest growth rates. Further, livestock accounts for almost 60% of the revenue in agriculture. The rising demand for probiotic feed additives is accredited to their health benefits like boosting immunity and digestibility enhancement. Several new regulations in the country enable relevant authorities to check the antibiotic usage frequency in farm animals. Such factors are projected to augment market growth in Germany.
In Russia, the restructuring of state farms and organizational and technological modernization has revived the industry. Also, newly undertaken measures for attracting domestic investments are set to benefit the industry. Further, factors like the growing demand for quality animal products and the increased meat production, and subsidies, are evaluated to be beneficial for the Russian market.
Some of the eminent players in the market are Novozymes AS, Bluestar Adisseo Co Ltd, Alltech Inc, Lallemand LLC, BASF SE, etc.