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The Europe Feed Vitamins Market is segmented by type into Vitamin A, Vitamin B, Vitamin C, Vitamin E, and Other Vitamins, by animal type into Ruminant, Poultry, Swine, Aquaculture, and others, and by geography into Spain, United Kingdom, Germany, France, Italy, Russia and Rest of Europe.
2016 - 2026
The Europe Feed Vitamins Market is estimated to register a CAGR of 1.8% during the forecast period (2020-2025). Vitamin supplements are considered necessary in animal feeds for all kinds of livestock, and this has traditionally fuelled the animal feed vitamin market. An increase in the demand for quality meat, developing markets, health concerns & disease outbreak in livestock have driven the growth of the market in the region, thus acting as market drivers. The restraints identified in this market are competition for raw materials with other industries, price volatility of agri-commodities and regulatory framework.
Vitamins are supplements included in the animal feeds in small amounts for the overall growth, well-being, and performance of the livestock. Deficiency of vitamins can be adverse to the health of the animals and will also lead to a wide range of diseases. The scope of this report is limited to vitamins supplied to animals in the form of feed additives and vitamins supplied externally, in the form of premixes are not part of the report scope. In this report, the market is segmented by type, by animal type, and by geography.
|Other Animal Types|
|Rest of Europe|
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The growth in the feed vitamin market is primarily because of the expansion of the animal meat market in Europe. According to the European Commission's EU Agricultural Outlook of 2018, per capita, meat consumption has increased from 68.4 kg in 2017 to 69.3 kg in 2018. Europe has a high percentage of people that consume meat as an essential part of their diet. Rising disposable income and increased quality meat production is encouraging the market for standard meat and other animal proteins. With rising livestock animal health standards and the subsequent large-scale adoption of compound feed, several vitamins like A, D, E, K, and B are being included in livestock diets across the region. This is likely to drive the market to feed vitamins during the forecast period.
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Vitamin E is a very important feed additive and the functions performed by the vitamin cannot be fulfilled by any other feed additive and hence, it is one of the most important feed additives. Vitamin E helps keep up the basic structure of tissues, builds up the nervous system, and significantly adds to disease resistance in animals because of its balancing impacts on the immune system. Although Vitamin E is present in large quantities in fresh green forage, hay, and silage, its concentration reduces in storage, hence necessitating the incorporation of vitamin E as an additive in compound feed.
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The Europe Feed vitamins market is a significantly concentrated market with few major players including BASF SE, Archer Daniels Midland Co., DSM Nutritional Products AG. and Bluestar Addiseo Co. The major strategies adopted by them are acquisitions, mergers, increasing the capacity of the plants and investing in R&D. Demand for highly efficient additives is expected to make the market more competitive and effectively dynamic during the forecast period.
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 and Restraints
4.3 Market Drivers
4.4 Market Restraints
4.5 Industry attractiveness- Porter's Five Force Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.1 Vitamin A
5.1.2 Vitamin B
5.1.3 Vitamin C
5.1.4 Vitamin E
5.1.5 Other Vitamins
5.2 Animal Type
5.2.5 Other Animal Types
5.3.2 United Kingdom
5.3.7 Rest of Europe
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Competitor Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Bluestar Adisseo Co.
6.3.2 Archer Daniels Midland Co.
6.3.3 DSM Nutritional Products AG
6.3.4 BASF SE
6.3.5 Nutrex N.V.
6.3.6 Impextraco N.V.
6.3.7 Vitafor N.V.
6.3.8 Lonza Group
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19