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The Europe Feed Additives Market is forecasted to grow at the CAGR of 4.06% during the period 2019-2024. The market report is segmented by Additives Type (Antibiotics, Vitamins, Antioxidants, Amino Acids, Enzymes, Acidifiers, Mycotoxin Detoxifiers, Prebiotics, Probiotics, Palatability Enhancers, Pigments, Binders, Minerals, and Emulsifiers) by Animal Type (Ruminant, Poultry, Swine, Aquaculture, and Others) and by Country (Germany, UK, France, Russia Spain, Rest of Europe).
The Europe feed additives market was valued at USD 9.2 billion in 2018, and it is expected to register a CAGR of 4.6% during the forecast period (2019-2024).
Europe is one of the biggest consumers of feed enzymes and feeds acidifiers and the market is expected to grow with the healthy growth rate due to the ban on antibiotics growth promoters. Poultry feed accounts for a major share in the Europe feed additives market. The major players are focused on research.
|Flavors and Sweetners|
|Rest of Europe|
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Despite the various global concerns regarding the issues in the livestock industry meat consumption is increasing every year. According to the Organisation for Economic Co-ordination and Development, meat consumption has raised from 114 million metric tons in 2017 to 116 million metric tons in 2018. Poultry meat is the most consumed by humans with per capita consumption of 30.6 kilograms per year, followed by pork with per capita consumption of 23.5 kilograms per year and beef and veal with per capita consumption of 14.8 kilograms per year. The rising demand for animal protein and healthy meat has toad the growers to use various feed additive products to ensure the health of the animal and to reduce the feed cost.
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Binders have the highest market share holding 14% of the total market share in 2018, which values about USD 1307.4 million and is forecasted to grow at a CAGR of 3.54% during the study period. Amino acids and probiotics hold the second and third position with a market share of 13.54% and 12.18% respectively. Overall, the Europe feed additive market is forecasted to grow at a CAGR of 4.06% during the forecast period 2019-2024. The Europe feed additive market also includes essential oils, live yeast, pigments, flavors and sweeteners, acidifiers, prebiotics, enzymes,es and more. Essential oils, Probiotics, and Prebiotics are forecasted to have a higher growth rate during the study period.
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The Europe feed additive market is a highly fragmented market with many players are into the manufacturing of feed additives. The companies develop their business through various activities including mergers and acquisitions, expansion of the facilities, and investments in R&D.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers & Restraints
4.3 Market Drivers
4.4 Market Restraints
4.5 Porter's Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.4 Amino Acids
5.1.6 Mycotoxin Detoxifiers
5.1.11 Flavors and Sweetners
5.2.2 United Kingdom
5.2.7 Rest of Europe
6. COMPETITIVE LANDSCAPE
6.1 Major adopted strategies
6.2 Mergers & Acquisitions
6.3 Company Profiles
6.3.1 Adisseo France SAS
6.3.3 BASF SE
6.3.6 ADM Animal Nutrition
6.3.7 Biovet JSC
6.3.8 Cargil Inc.
6.3.9 Chr. Hansen Inc.
6.3.10 DSM Nutritional Products Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS