Market Size of Europe Feed Antioxidants Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 3.90 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
Europe Feed Antioxidants Market Analysis
The Europe feed antioxidants market is projected to register a CAGR of 3.9% during the forecast period 2020-2025. Feed antioxidants are substances used in animal feeds to increase the shelf life of feed by preventing undesirable oxidation in finished feeds and the guts of animals. They are known to keep the nutritional and energy value of the feed intact and also prevent rancid oxidation of fats. The industrialization of the livestock industry, which is growing at a healthy rate, is the major driving force behind the growth of the feed antioxidant industry. Increased awareness among the farmers about the benefits of antioxidants, is another factor augmenting the growth of the market studied. The market is also growing due to the expansion of the animal meat market.
Europe Feed Antioxidants Industry Segmentation
The Europe feed Antioxidants market report is segmented by Type (BHA, BHT, Ethoxyquin and others) by Animal Type (Ruminant, Poultry, Swine and Aquaculture) in the countries like United Kingdom, France, Germany, Italy, Spain and Rest of Europe.
Animal Type | |
Ruminant | |
Poultry | |
Swine | |
Aquaculture | |
Other Animal Types |
Type | |
BHA | |
BHT | |
Ethoxyquin | |
Others |
Geography | |
United Kingdom | |
Russia | |
Spain | |
France | |
Germany | |
Rest of Europe |
Europe Feed Antioxidants Market Size Summary
The Europe feed antioxidants market is experiencing growth driven by the industrialization of the livestock industry and increased awareness among farmers about the benefits of antioxidants. Feed antioxidants play a crucial role in extending the shelf life of animal feeds by preventing oxidation, thereby maintaining the nutritional and energy value of the feed. The expansion of the animal meat market further fuels this growth, as the demand for livestock products prompts significant changes in supply-side strategies to enhance product yields. Despite challenges such as sub-par investments by small-scale farmers, enabling government policies are expected to support supply maintenance and enhancement, addressing the declining livestock population in the region. This decline necessitates the incorporation of quality compound feed substances, including feed antioxidants, to meet the growing demand for meat and meat products.
The European compound feed industry, with its numerous production sites, plays a vital role in the region's economy, particularly in rural areas. The rising demand for animal meat and dairy products is anticipated to boost compound feed production, acting as a catalyst for the feed additive market, including feed antioxidants. Changes in dietary habits and increased disposable incomes in developing countries are contributing to higher meat consumption, driving the production of compound feed and, consequently, the market for feed additives. The feed antioxidant market in Europe is characterized by fragmentation, with major global and regional players holding significant market shares. These companies are actively enhancing their positions through mergers, acquisitions, facility expansions, and investments in research and development.
Europe Feed Antioxidants Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.3 Market Restraints
-
1.4 Porters Five Force Analysis
-
1.4.1 Threat of New Entrants
-
1.4.2 Bargaining Power of Buyers/Consumers
-
1.4.3 Bargaining Power of Suppliers
-
1.4.4 Threat of Substitute Products
-
1.4.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 Animal Type
-
2.1.1 Ruminant
-
2.1.2 Poultry
-
2.1.3 Swine
-
2.1.4 Aquaculture
-
2.1.5 Other Animal Types
-
-
2.2 Type
-
2.2.1 BHA
-
2.2.2 BHT
-
2.2.3 Ethoxyquin
-
2.2.4 Others
-
-
2.3 Geography
-
2.3.1 United Kingdom
-
2.3.2 Russia
-
2.3.3 Spain
-
2.3.4 France
-
2.3.5 Germany
-
2.3.6 Rest of Europe
-
-
Europe Feed Antioxidants Market Size FAQs
What is the current Europe Feed Antioxidants Market size?
The Europe Feed Antioxidants Market is projected to register a CAGR of 3.9% during the forecast period (2024-2029)
Who are the key players in Europe Feed Antioxidants Market?
Adisseo, Alltech, BASF SE, ADM Animal Nutrition and Kemin are the major companies operating in the Europe Feed Antioxidants Market.