Market Size of United Kingdom Feed Additives Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 4.90 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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UK Feed Additives Market Analysis
The United Kingdom feed additives market is projected to register a CAGR of 4.9% during the forecast period. When compared to the world's average meat consumption rate, the meat consumption rate in the United Kingdom is high. However, this trend is declining due to the changing consumer preference toward vegan food in the country. White meat and chicken are the commonly consumed meat in the country. The growing trend of feed additives is observed among all the segments of the livestock, with poultry being ahead of ruminants and swine. Factors, such as increased trade activity among the EU nations, demand for quality animal products, and rise in the cost of natural and organic feeds, along with production techniques are impacting the market.