Italy Feed Additives Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 746.08 Million |
| Market Size (2029) | USD 925.17 Million |
| CAGR (2024 - 2029) | 4.40 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Italy Feed Additives Market Analysis
The Italy Feed Additives Market size is estimated at USD 746.08 million in 2024, and is expected to reach USD 925.17 million by 2029, growing at a CAGR of 4.40% during the forecast period (2024-2029).
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 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 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
A shift in Commercial Production of Livestock
Growing consumption of meat and other animal-sourced products has resulted in increased livestock production in the country. In 2022, the poultry sector dominated the Italian feed additive market, accounting for 57.1% of the market share, followed by the swine segment with 29.2%. Growers tend to increase productivity using feed additives, leading to a 4.4% increase in poultry feed production and a 3.4% increase in swine feed production from 2020 to 2022. The increasing mass production of livestock and growing demand for quality meat has 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
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Cargill Incorporated.
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BASF SE
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Alltech Inc.
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Centafarm SRL
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Elanco Italia Spa
*Disclaimer: Major Players sorted in no particular order
Italy Feed Additives Market News
January 2022: Eigenmann & Veronelli and Orffa International Holdings entered into a distribution agreement. This development helps promote Orffa's innovative and specialized line of new feed solutions for most animal species.
Italy Feed Additives Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions & Market definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Porter's Five Force Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Additive Type
- 5.1.1 Antibiotics
- 5.1.2 Vitamins
- 5.1.3 Antioxidants
- 5.1.4 Amino Acids
- 5.1.5 Enzymes
- 5.1.6 Mycotoxin Detoxifiers
- 5.1.7 Prebiotics
- 5.1.8 Probiotics
- 5.1.9 Flavors and Sweeteners
- 5.1.10 Pigments
- 5.1.11 Binders
- 5.1.12 Minerals
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5.2 Animal Type
- 5.2.1 Ruminants
- 5.2.2 Poultry
- 5.2.3 Swine
- 5.2.4 Other Animal Types
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Competitor Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 Cargill Inc.
- 6.3.2 Alltech Inc.
- 6.3.3 BASF SE
- 6.3.4 Elanco Animal Health
- 6.3.5 Danisco Animal Nutrition
- 6.3.6 Archer Daniels Midland
- 6.3.7 Centafarm SRL
- 6.3.8 NOVOZYMES
- 6.3.9 Marubeni Corporation (Orffa International Holding B.V.)
- 6.3.10 Adisseo
- 6.3.11 Nutreco NV
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityItaly Feed Additives Industry Segmentation
Feed additives are used in animal nutrition to achieve an effect on the feed itself, improve the performance and health of animals, and enhance the nutritional value of animal products.
Italian feed additives market is segmented by additive type (antibiotics, vitamins, antioxidants, amino acids, enzymes, mycotoxin detoxifiers, prebiotics, probiotics, flavors and sweeteners, pigments, binders, minerals, and other feed additives) and animal type (ruminants, swine, poultry, and other animal types). The report offers market estimation and forecasts in value (USD million) and Volume ( Metric Tons) for all the above segments.
| 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
How big is the Italy Feed Additives Market?
The Italy Feed Additives Market size is expected to reach USD 746.08 million in 2024 and grow at a CAGR of 4.40% to reach USD 925.17 million by 2029.
What is the current Italy Feed Additives Market size?
In 2024, the Italy Feed Additives Market size is expected to reach USD 746.08 million.
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, and what was the market size in 2023?
In 2023, the Italy Feed Additives Market size was estimated at USD 713.25 million. 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.
