Italy Feed Additives Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.30 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Italy Feed Additives Market Analysis
The Italy feed additives market is projected to grow at a CAGR of 4.3% during the forecast period (2020-2025). Feed additives are essential for animal nutrition, as they improve the quality of feed, and thereby improve animals' performance and health. Industrialization of the livestock and meat sector is an important factor driving the demand for feed additives. Food safety concerns in the country, especially about the meat and dairy products, have led to increased demand for feed additives BASF SE, Cargill Inc., Alltech Inc., Centafarm SRL, Elanco Italia Spa, Adisseo, ADM Co., and Nutreco N.V, etc. are few among the many leading players in the market. In October 2019, the Italian Esseco Group has acquired the Addcon group of companies a Germany based feed company. This move will help Esseco Group to increase its product portfolio and also expand into a new sector such as animal feed.
Italy Feed Additives Market Trends
This section covers the major market trends shaping the Italy Feed Additives Market according to our research experts:
A shift in Commercial Production of Livestock
Growing consumption of meat and other animal-sourced product has resulted in increased livestock production in the country. According to the Italian National Institute of Statistics (ISTAT), in 2016 pig population was 8.47 million heads to 8.57 million heads in 2017 whereas cattle population in 2016 was 5.93 million to 5.94 million in 2017. According to the Food and Agriculture Organisation (FAO), in 2016, the poultry bird production was 167.39 million heads which increased to 175.29 million heads in 2018. The increasing mass production of livestock and growing demand for quality meat is resulted in the inclusion of feed additives thus driving the market.
Increasing Feed Production Drives the Market
The industrialization of the livestock sector and increasing concern over animal health is creating the demand for quality feed which in turn influences the feed additives market positively. According to the European Feed Manufacturers' Federation (FEFAC), in 2018 the feed production was 13.98 million metric tons as compared to 13.63 million metric tons in 2016. The poultry feed production was the highest in 2018 which amounted to 5.8 million metric tons.
Additionally, in 2019 the feed production in Italy amounts to over 14 million tons from around 420 plants across the country including various species (poultry, cattle, pigs, rabbits, sheep, horses, horses, fish, pets, etc.). The total turnover is accounted to USD 6.51 billion for the same year. The rising demand for compound feed in the country is expected to provide an impetus to the growth of feed additives during the forecast period.
Italy Feed Additives Industry Overview
The Italy feed additives market is fragmented with the market being competitive. The leading players in the market studied are focused on business expansion, by either investing in new production units or acquiring established small players in the region. BASF SE, Cargill Inc., Alltech Inc., Centafarm SRL, Elanco Italia Spa, Adisseo, ADM Co., and Nutreco N.V, etc. are few among the many leading players in the market.
Italy Feed Additives Market Leaders
Cargill Incorporated.
BASF SE
Alltech Inc.
Centafarm SRL
Elanco Italia Spa
*Disclaimer: Major Players sorted in no particular order
Italy Feed Additives Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions & Market definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Porter's Five Force Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Additive Type
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5.1.1 Antibiotics
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5.1.2 Vitamins
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5.1.3 Antioxidants
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5.1.4 Amino Acids
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5.1.5 Enzymes
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5.1.6 Mycotoxin Detoxifiers
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5.1.7 Prebiotics
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5.1.8 Probiotics
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5.1.9 Flavors and Sweeteners
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5.1.10 Pigments
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5.1.11 Binders
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5.1.12 Minerals
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5.2 Animal Type
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5.2.1 Ruminants
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5.2.2 Poultry
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5.2.3 Swine
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5.2.4 Other Animal Types
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Competitor Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 Cargill Inc.
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6.3.2 Alltech Inc.
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6.3.3 BASF SE
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6.3.4 Elanco Animal Health
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6.3.5 Danisco Animal Nutrition
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6.3.6 Archer Daniels Midland
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6.3.7 Centafarm SRL
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6.3.8 NOVOZYMES
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6.3.9 Lallemand Inc
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6.3.10 Adisseo
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6.3.11 Nutreco NV
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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8. IMPACT OF COVID-19
Italy Feed Additives Industry Segmentation
With the industrialization of the sector, the use of feed additives has been increasing over the years. The price volatility of natural feed sources during the past decade leads to an increment in the usage of different feed additives in the animal feed industry. Industrialization of the livestock, feed, and processed meat industry has necessitated the application of feed additives, as they act as a supplement, nutrient enhancer, feed conditioner, etc., with all required essential elements for optimum growth of the animals.
| Additive Type | |
| Antibiotics | |
| Vitamins | |
| Antioxidants | |
| Amino Acids | |
| Enzymes | |
| Mycotoxin Detoxifiers | |
| Prebiotics | |
| Probiotics | |
| Flavors and Sweeteners | |
| Pigments | |
| Binders | |
| Minerals |
| Animal Type | |
| Ruminants | |
| Poultry | |
| Swine | |
| Other Animal Types |
Italy Feed Additives Market Research FAQs
What is the current Italy Feed Additives Market size?
The Italy Feed Additives Market is projected to register a CAGR of 4.30% during the forecast period (2024-2029)
Who are the key players in Italy Feed Additives Market?
Cargill Incorporated., BASF SE, Alltech Inc., Centafarm SRL and Elanco Italia Spa are the major companies operating in the Italy Feed Additives Market.
What years does this Italy Feed Additives Market cover?
The report covers the Italy Feed Additives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Italy Feed Additives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Italy Feed Additives Industry Report
Statistics for the 2024 Italy Feed Additives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Italy Feed Additives analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
