Europe Feed Antioxidants market - Growth, Trends and Forecasts (2020 - 2025)

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.

Key Market Trends

Increased Demand Due to Decreasing Livestock Population

The growing demand for livestock products has been driving significant changes on the supply side that are aimed at improving livestock product yields. New capital-intensive technologies have made the production of poultry and pig meat in industrial style production facilities possible across the region. Significant enhancements in yields of animal products have been possible even with reducing or stagnant animal headcounts. While herd sizes are being optimized across production systems, such as dairy and poultry, the investments by large groups of small-scale farmers remaining sub-par is still a challenge. This limits the growth of livestock production. However, enabling policies by various governments is expected to go a long way in maintaining or enhancing the supply, in order to meet the demand. As per the Food and Agriculture Organization, the livestock population in the region is declining year after year and in order to meet the growing demand for meat and meat products, farmers are forced to incorporate the quality compound feed substance for their livestock. Hence the decreasing livestock population in the region paves way for the growth of feed additives like feed antioxidants for the production of quality feed in the market studied during the forecast period.

Increased Compound Feed Production

The European compound feed industry has 4,000 production sites, often in rural areas, which offer few other employment opportunities in the region. Farm animals in the European Union 28 consume an estimated 478 million metric tons of feed a year, and about 30% (156 million metric tons) of it is produced by compound feed manufacturers. The rising demand for animal meat and dairy products is expected to boost the production of compound feed in the region, thereby acting as a catalyst for the feed additive market during the forecast period. Due to the changes in dietary habits and increased disposable incomes, developing countries are consuming large quantities of meat at much lower levels of the gross domestic product than in industrialized countries. This has led to higher production of compound feed, which is, in turn, driving the market for feed additives like feed antioxidants in these regions.

Competitive Landscape

The feed antioxidant in Europe market is fragmented with major global as well as regional players holding major share. The companies enhance their market share through various activities including mergers and acquisitions, expansion of the facilities, and investments in Research & Develpment.

Reasons to Purchase this report:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support