PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1565611
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1565611
Europe Animal Feed Additives Market Introduction and Overview
According to SPER market research, 'Europe Animal Feed Additives Market Size - By Additive Type, By Livestock, By Form, By Function - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Europe Animal Feed Additives Market is predicted to reach USD 13918.35 million by 2033 with a CAGR of 5.15%.
The animal feed additives industry is being driven by increased awareness of the benefits of feeding protein-rich diets to farmed animals. Feed additives are mineral, protein, and vitamin-rich substances used to aid in animal growth. Animal health issues are always evolving, increasing the demand for feed additives that reduce the likelihood of weight loss, sickness, and infections in animals.
The industry for additives used in animal feed has been significantly impacted by the Covid-19 outbreak. Travel restrictions, economic uncertainty, and disruptions in the supply chain have all affected market dynamics. The livestock industry has faced challenges such fluctuating demand for animal products, manpower shortages, and the cost and availability of feed ingredients.
Scope of the report:
Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered: By Additive Type, By Livestock, By Form, By Function
Regions covered: Germany, France, Italy, UK, Russia, and the Rest of Europe.
Companies Covered: Adisseo, Alltech, Inc, Archer Daniel Midland Co, BASF SE, Cargill Inc, Evonik Industries AG, IFF(Danisco Animal Nutrition), Novus International, Inc, SHV (Nutreco NV), Solvay S.A.
Europe Animal Feed Additives Market Segmentation:
By Additive Type: Based on the Additive Type, Europe Animal Feed Additives Market is segmented as; Antioxidants, Feed enzymes, Feed acidifiers, Vitamins, Minerals, Binders, Antibiotics, Amino acids, Others.
By Livestock: Based on the Livestock, Europe Animal Feed Additives Market is segmented as; Swine, Ruminants, Poultry, Aquatic Animals, Others.
By Function: Based on the Function, Europe Animal Feed Additives Market is segmented as; Single Function, Multifunction.
By Region: This research includes data for Germany, France, Italy, UK, Russia, and the Rest of Europe.