Market Size of europe feed amino acids Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 2.08 Billion |
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Market Size (2029) | USD 2.59 Billion |
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Largest Share by Sub Additive | Lysine |
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CAGR (2024 - 2029) | 4.52 % |
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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 Amino Acid Market Analysis
The Europe Feed Amino Acids Market size is estimated at 2.08 billion USD in 2024, and is expected to reach 2.59 billion USD by 2029, growing at a CAGR of 4.52% during the forecast period (2024-2029).
2.08 Billion
Market Size in 2024 (USD)
2.59 Billion
Market Size in 2029 (USD)
2.42 %
CAGR (2017-2023)
4.52 %
CAGR (2024-2029)
Largest Market by Sub-Additive
32.98 %
value share, Lysine, 2023
Lysine is the largest segment due to its importance in increasing efficiency characteristics, such as improved gut health, bone formation, and easy digestion in animals.
Largest Market by Country
15.80 %
value share, Spain, 2023
Spain is the largest market as it observed an increased demand for pork meat and growth in swine population and feed production.
Fastest-growing Market by Sub-Additive
4.80 %
Projected CAGR, Methionine, 2024-2029
Methionine is the fastest-growing segment due to its characteristics, like the development of the digestive tract, growth performance, increasing muscle mass, and improving egg production.
Fastest-growing Market by Country
5.13 %
Projected CAGR, United Kingdom, 2024-2029
The United Kingdom is the fastest-growing market as the country experiences increased feed production and demand for animal products.
Leading Market Player
17.96 %
market share, Evonik Industries AG, 2022
Evonik Industries is the market leader due to its development of new products and strategic partnerships with global players, such as BASF SE and DSM, for increasing production.
- Feed amino acids have become a vital component of the European feed additives market, with a market share of 24.9% in 2022, primarily due to their role in promoting animal growth and protein synthesis. Lysine and methionine have traditionally been the largest feed amino acid sub-additives in the region, owing to their ability to improve efficiency characteristics such as gut health and digestion in animals.
- However, methionine and tryptophan are expected to register the fastest growth among feed amino acids in the region, with CAGRs of 4.8% and 4.7%, respectively, during the forecast period. This growth can be attributed to the increasing demand for meat and meat products, coupled with a growing awareness of the usage of additives that promote animal growth as a crucial attribute in commercial farming.
- Spain was the largest market for feed amino acids in the region, accounting for 15.7% of the market share in terms of value. France, Germany, and Russia followed with market shares of 14.4%, 13.7%, and 11.3%, respectively, in terms of value in 2022. These countries have higher market shares due to the higher demand for meat and meat product consumption and production.
- Poultry birds are the largest animal type with respect to the feed amino acids market in 2022, accounting for a market share of 34.9% due to an increase in demand for poultry meat and eggs.
- In conclusion, the increasing demand for meat and meat products, combined with growing awareness of the benefits of additives that promote animal growth, is expected to drive the feed amino acids market in Europe at a CAGR of 4.5% during the forecast period.
Understand The Key Trends Shaping This Market
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- In 2022, amino acids represented a significant proportion of the European feed additives market, accounting for around 5.3% of its total value and 1.1% of its total volume. This growth is attributed to the increasing demand for animal-derived protein and the ability of amino acids to enhance the quality and productivity of animal products.
- Spain dominated the feed amino acids market in Europe, with a market value of USD 299.9 million in 2022, which is expected to register a CAGR of 5.0% during the forecast period. Lysine and methionine were Spain's most consumed amino acids, accounting for 31.4% and 28.4% of the market value, respectively, in 2022.
- On the other hand, France has a long-standing market for feed amino acids and accounted for the second-largest share in Europe in 2022, at USD 274.1 million.
- Among all the animal types, poultry birds were the largest animal type, accounting for 34.9% of the market share in 2022 in Europe, followed by swine and ruminants, which accounted for 33.1% and 28% of the market share, respectively. This trend is directly related to the increased feed production in the region utilizing more amino acids.
- The United Kingdom and Russia were the fastest-growing markets in Europe, with registered CAGRs of 5.1% and 5.0% during the forecast period, respectively. The driving factors are the growing livestock and feed production rates. For instance, the swine population in Russia increased by 15.0% between 2017 and 2020.
- Between 2017 and 2022, overall feed production in Europe increased by 1.9%. As a result, with feed production and animal population growth, the feed amino acids market is expected to register a CAGR of 4.5% during the forecast period.
