Market Size of europe feed vitamins Industry
Icons | Lable | Value |
---|---|---|
Study Period | 2017 - 2029 | |
Market Size (2024) | USD 422.76 Million | |
Market Size (2029) | USD 512.36 Million | |
Largest Share by Sub Additive | Vitamin E | |
CAGR (2024 - 2029) | 3.92 % | |
Largest Share by Country | Spain | |
Major Players |
||
|
||
*Disclaimer: Major Players sorted in no particular order |
Europe Feed Vitamins Market Analysis
The Europe Feed Vitamins Market size is estimated at 422.76 million USD in 2024, and is expected to reach 512.36 million USD by 2029, growing at a CAGR of 3.92% during the forecast period (2024-2029).
422.76 Million
Market Size in 2024 (USD)
512.36 Million
Market Size in 2029 (USD)
1.85 %
CAGR (2017-2023)
3.92 %
CAGR (2024-2029)
Largest Market by Sub-Additive
27.34 %
value share, Vitamin E, 2023
Vitamin E is the largest segment in the market as it increases resistance toward infections in farm animals and increases the immune system's response against certain infections.
Largest Market by Country
15.75 %
value share, Spain, 2023
Owing to the increased feed production, rise in demand for meat, and increased awareness of healthy diets, the demand for vitamins is highest in Spain among other countries.
Fastest-growing Market by Sub-Additive
4.09 %
Projected CAGR, Vitamin C, 2024-2029
Vitamin C is the fastest-growing segment because of its important role in immunity development, nutrient metabolism, detoxification, and reproduction of animals.
Fastest-growing Market by Country
4.85 %
Projected CAGR, United Kingdom, 2024-2029
The United Kingdom is the fastest-growing market due to increased poultry feed production, rising meat consumption, and rising awareness about healthy feed.
Leading Market Player
17.06 %
market share, DSM Nutritional Products AG, 2022
DSM is the market leader in Europe because it has been increasing its product portfolio by expanding its animal nutrition research facility in Austria.
- The European feed vitamins market grew steadily, with a 7.5% increase in market share between 2017 and 2022, accounting for 5.1% of the total feed additive market in 2022. Feed vitamins play a vital role in animal growth, regulating body functions, promoting disease resistance, and bone development. Among feed vitamins, vitamin E was the most consumed vitamin in the region, with a market value of USD 107.2 million in 2022, and it is projected to record a CAGR of 4.0% during the forecast period. Vitamin E helps in increasing resistance to infection in farm animals and promotes the immune response against infections.
- Vitamin A is the second major vitamin consumed in Europe, with a market value that increased by 7.9% from 2017 to 2022. It is in high demand due to its role in proper bone formation, growth, energy metabolism, skin and hoof tissue maintenance, and vision. Spain, France, Germany, and Russia are the major country-wise markets in Europe for feed vitamins and held a combined share of 53.9% in the European feed vitamins market in 2022. Spain had the largest market share due to its higher feed production, accounting for approximately 12.1% of the total feed production in the region in 2022.
- The vitamin C segment is expected to be the fastest-growing segment in the European feed vitamins market during the forecast period, with a CAGR of 4.1%. Vitamin C plays an essential physiological role in the enzyme system, immunity development, nutrient metabolism, detoxification, and reproduction of animals. The importance of vitamins in animal nutrition is driving the market's growth, which is anticipated to record a CAGR of 3.9% during the forecast period. Feed vitamins are crucial for the growth and health of animals, and their demand is expected to continue growing over the coming years.
- The European region was a significant market for feed vitamins globally, with a market value that increased by 7.5% between 2017 and 2022, accounting for 5.1% of the European feed additives market. Feed vitamins play a crucial role in promoting resistance to diseases, regulating body functions, improving immune health, and keeping animals healthy.
- Vitamin E held the largest market share in the region, with 27.3%. At the same time, vitamin C is expected to be the fastest-growing segment, with a projected CAGR of 4.1% during the forecast period. Spain, France, Germany, Russia, and the United Kingdom were the major markets for feed vitamins in the region, together accounting for 64.4% of the region's feed vitamins market share value in 2022.
- Spain, with a livestock population, held the major market for feed vitamins, accounting for a value of USD 61.6 million in 2022. France was the second-largest market for feed vitamins in the region, projected to grow and register a CAGR of 3.5% during the forecast period, while the United Kingdom is expected to be the fastest-growing market in the region, with a projected CAGR of 4.8% during the forecast period (2023-2029), driven by an increase in livestock population.
- The total feed production in Europe was 262.9 million metric tons in 2022, increasing by 2.0% from 2017. The increased feed production, coupled with a growing livestock population and meat consumption, is anticipated to drive the market with a CAGR of 3.9% during the forecast period (2023-2029). The importance of feed vitamins in promoting animal health and productivity is expected to maintain the growth trend of the European feed vitamins market.