Market Size of europe feed additives Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 8.32 Billion |
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Market Size (2029) | USD 10.33 Billion |
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Largest Share by Additive | Amino Acids |
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CAGR (2024 - 2029) | 4.43 % |
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Largest Share by Country | Spain |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Europe Feed Additives Market Analysis
The Europe Feed Additives Market size is estimated at 8.32 billion USD in 2024, and is expected to reach 10.33 billion USD by 2029, growing at a CAGR of 4.43% during the forecast period (2024-2029).
8.32 Billion
Market Size in 2024 (USD)
10.33 Billion
Market Size in 2029 (USD)
2.31 %
CAGR (2017-2023)
4.43 %
CAGR (2024-2029)
Largest Market by Additive
24.98 %
value share, Amino Acids, 2023
Amino acids is the largest segment due to their characteristics, such as being important organic compounds for protein synthesis and crucial for the growth and development of animals.
Largest Market by Country
15.83 %
value share, Spain, 2023
Spain is the largest market due to increased feed production, investments by major players, and animal population.
Fastest-growing Market by Additive
4.95 %
Projected CAGR, Acidifiers, 2024-2029
Acidifiers is the fastest-growing segment as they help improve feed performance in animal nutrition and decrease the uptake of pathogenic organisms and toxic metabolites.
Fastest-growing Market by Country
5.16 %
Projected CAGR, United Kingdom, 2024-2029
The United Kingdom is the fastest-growing market, with increased animal feed production, increased meat demand, and growth in commercial poultry farms.
Leading Market Player
9.95 %
market share, Evonik Industries AG, 2022
Evonik Industries AG is the market leader because it has partnership agreements with DSM and BASF. It has also acquired a regional player, Norels, specifically its probiotic business, in Spain.
- Europe is one of the major regions for the feed additives market globally. In 2022, amino acids, binders, minerals, prebiotics, probiotics, and acidifiers were the major feed additive types used in livestock feed in Europe, accounting for 70.2% of the total feed additives market in terms of value.
- Amino acids are the building blocks of proteins and play a crucial role in the growth and development of animals. Amino acids dominated the European feed additives market with a value of USD 1,906.9 million in 2022, which is anticipated to grow, registering a CAGR of 4.5% during the forecast period.
- In 2022, binders were the second major additive type consumed in Europe, and their market share increased by 9.7% between 2017 and 2022. Binders are used to bind various feed components, ensuring that pellet integrity is maintained during subsequent activities, strengthening feed pellets, and preventing pellet fragmentation.
- In Europe, the acidifiers segment is one of the fastest-growing, with an expected CAGR of 4.9% during the forecast period. The high growth rate is associated with characteristics of acidifiers in improving feed performance in animal nutrition and decreasing the uptake of pathogenic organisms and toxic metabolites.
- In Europe, minerals accounted for 10.8% of the region's feed additives market value in 2022. Among minerals, macrominerals held a major market share of 89.4% in 2022 due to their benefits in stressful circumstances that change an animal's physiological requirements.
- The total feed production in Europe increased by 2.0% between 2017 and 2022. Thus, due to the increased feed production, the feed additives market in the region is anticipated to grow, registering a CAGR of 4.4% during the forecast period.
Understand The Key Trends Shaping This Market
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- The feed additives market in Europe, which accounts for 23.2% of the global feed additive market, is valued at USD 7.64 billion and is expected to record a CAGR of 4.4% during the forecast period. The primary driver for this growth is the increasing feed production in the region, which grew by 1.9% from 2017 to 2022, reaching 262.9 million metric tons.
- Spain dominated the feed additive market in Europe, with a market value of USD 1.2 billion in 2022 and is expected to record a CAGR of 4.7% during the forecast period. In Spain, amino acids were the most highly consumed additives, accounting for 24.9% of the country's feed additive market value in 2022. The swine segment was the largest consumer of feed additives in Spain, accounting for 54.5% of the market in 2022, driven by a 15% increase in swine headcount from 2017 to 2020.
- Germany has the second-largest market for feed additives in Europe, with the swine segment dominating the market and accounting for 36.4% of the total value. Amino acids and binders held the largest market share in Germany, accounting for 23.6% and 13.3% of the feed additive market value in 2022, respectively.
- On the other hand, Turkey had the lowest feed additive market share in Europe, with a market value of USD 332.5 million in 2022. Various regulatory frameworks, unstable economies, and rising operational expenses are the major restraints in the country's feed additive market.
- The United Kingdom is the fastest-growing country in the region, registering a CAGR of 5.1% during the forecast period, followed by Russia with a CAGR of 4.8%. The swine population in Russia increased by 15% headcounts between 2017 and 2020. Therefore, the increasing use of feed additives to meet the nutritional needs of animals is expected to drive the feed additive market in Europe.
