Market Size of europe feed acidifiers Industry
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2017 - 2029 |
|
Market Size (2024) | USD 587.42 Million |
|
|
Market Size (2029) | USD 747.88 Million |
|
Largest Share by Sub Additive | Propionic Acid |
|
|
CAGR (2024 - 2029) | 4.95 % |
|
Largest Share by Country | Spain |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in no particular order |
Europe Feed Acidifiers Market Analysis
The Europe Feed Acidifiers Market size is estimated at 587.42 million USD in 2024, and is expected to reach 747.88 million USD by 2029, growing at a CAGR of 4.95% during the forecast period (2024-2029).
587.42 Million
Market Size in 2024 (USD)
747.88 Million
Market Size in 2029 (USD)
2.85 %
CAGR (2017-2023)
4.95 %
CAGR (2024-2029)
Largest Market by Sub-Additive
34.23 %
value share, Propionic Acid, 2023
The largest share of propionic acid in the market is due to its role in improving nutrient absorption by activating digestive enzymes and reducing pathogenic microbes.
Largest Market by Country
15.34 %
value share, Spain, 2023
Germany has the largest demand for feed acidifiers in the region due to increased animal feed production and rising demand for meat and dairy products.
Fastest-growing Market by Sub-Additive
5.10 %
Projected CAGR, Fumaric Acid, 2024-2029
Fumaric acid is the fastest-growing segment as its proportion in the diet of animal species helps in improving the immune system, gut health, and nutrient digestion.
Fastest-growing Market by Country
5.81 %
Projected CAGR, United Kingdom, 2024-2029
The United Kingdom is the fastest-growing market in the region due to increased animal feed production, meat demand, and commercial poultry farms.
Leading Market Player
10.75 %
market share, BASF SE, 2022
BASF SE is the market leader as the company has an automated production process plant in Germany. It also has one of the largest production plants in the global market.
- Acidifiers are a crucial component of animal nutrition as they enhance feed performance and reduce the uptake of pathogenic organisms and toxic metabolites. In Europe, the acidifiers market held a share of 7.0% in the total feed additives market in 2022, with a market value increase of 12.9% between 2017 and 2022.
- Propionic acid was the most widely used acidifier in the region, with a market value of USD 182.7 million in 2022, and the segment is projected to record a CAGR of 5% during the forecast period. It improves nutrient absorption and reduces pathogenic microbes, making it an ideal choice for animal feed.
- Poultry is the largest animal type segment in the European feed acidifiers market, and it accounted for 35.4% of the market share value in 2022. The segment is projected to register a CAGR of 5.0% during the forecast period. Feed acidifiers are extensively used in poultry birds to promote growth, increase metabolism, increase feed intake, and provide resistance to harmful pathogens.
- Lactic acid and fumaric acid are expected to be the fastest-growing segments in the region, recording a CAGR of 5.1% during the forecast period. Lactic acid helps improve gastrointestinal tract health in animals, digestibility, and high nutrient utilization when added to the compound feed.
- Spain, Germany, and France are the major markets in Europe, and they together held a market share of 45.3% in 2022. Spain's higher share was attributed to the country's higher feed production, with 12.1% of the total feed production in the region in 2022. Based on increased feed production and the importance of feed acidifiers in animal nutrition, the market is projected to record a CAGR of 4.9% during the forecast period.
Understand The Key Trends Shaping This Market
Download Sample
- The European region is one of the key markets for feed acidifiers, as it plays a crucial role in improving feed performance in animal nutrition and reducing the uptake of pathogenic organisms and toxic metabolites. As of 2022, feed acidifiers accounted for 7.0% of the European feed additives market in terms of value, and they increased by 12.9% between 2017 and 2022.
- Spain, Germany, France, and Russia are the major markets for feed acidifiers in the European region, with Spain, in particular, holding a significant market value of USD 81.8 million in 2022. The high share of Spain was due to the increased feed production by 2.5% in 2022 compared to the previous year. Spain's market value is anticipated to reach USD 116.4 million in 2029, with a CAGR of 5.2% during the forecast period.
- Germany is also a major market for feed acidifiers, with a market value of USD 81.4 million in 2022. This is projected to register a CAGR of 4.6% during the forecast period. This growth is attributed to the increased feed production in Germany by 0.9% between 2020 and 2022.
- The United Kingdom is expected to be the fastest-growing country in the feed acidifiers market in the European region during the forecast period, with a CAGR of 5.8%. This is due to the increased livestock population and feed production in the country, with total feed production increasing by 4.7% between 2017 and 2022.
- The increased feed production and livestock population are the key drivers for the market in the European region. As of 2022, the total feed production in Europe was 262.9 million metric tons, which increased by 2.0% from 2017. Consequently, the market is anticipated to register a CAGR of 4.9% during the forecast period.
