Europe Feed Anti-Caking Agent Market - Growth, Trends and Forecasts (2020 - 2025)

The feed anti-caking agent market is projected to register a CAGR of 4.6% during the forecast period (2020-2025). The increased demand for high protein meat and other animal-sourced products is triggering the use of feed additives like anti-caking agents in the region. Spain, Germany, and France are anticipated to be the largest market owing to the higher feed production in these countries than to other countries in Europe. Driven by the increase in demand for better quality meat products, the feed additives market is growing rapidly in the region especially the anti-caking agents. The rise in demand for natural anti-caking agents in the region is expected because of the regulations in place in Europe. Anticaking agent is used in feed to stop caking and agglomeration, and increase the flow properties of feed ingredients which ensure higher feed intake by the livestock thus enhancing the performance. Some of the key players in the market are Novus International, BASF SE, PPG Industries, Ecolab, W.R Grace& Co.

Key Market Trends

Need for Enhancing the Performance

With the rising health concern among the consumers, preference towards animal sourced products is on the rise. For instance, according to the Organisation for Economic Co-operation and Development (OECD), in 2016, per capita poultry meat consumption in Russia was 29.5 Kg that increased to 31.7 Kg in 2019. To meet the growing demand the producers are undertaking commercial meat production and feeding livestock with quality feed to increase the yield. As per Eurostat, in 2017 pig population was 150.25 million that decreased to 148.16 million in 2018 and cattle & buffalos’ population was 121.22 million in 2017 that decreased to 119.79 million in 2018 as per FAO. With this declining trend need for increasing the yield has become important, which can be achieved by feeding the nutrient enriched feed. Thus, will create the demand for anti-caking agents in the region.

Increased Feed Production

The feed production in the region is growing significantly as the demand for animal-sourced products is on the rise. As the livestock industry registered a low growth rate, there is an increasing need for animal feed. This is expected to drive the demand for feed additives, particularly feed anti-caking agents. In order to meet the growing demand, it is necessary to ensure the feed of the livestock efficiently so as to increase the performance. Feed anti-caking agents are added to feed as they aid in keeping the feed-in power form preventing from lumps formation and ease the consumption and transportation. According to European Feed Manufacturers’ Federation (FEFAC) in 2018, Spain ranked the highest feed production that amounted to 24,256 thousand metric tons followed by Germany and France with the production of 23,842 thousand metric tons and 20,845 thousand metric tons. The feed production in the region is increasing significantly owing to the growing livestock production as a result of higher meat preference for meat. This indicates the growth of the anti-caking market in Europe.

Competitive Landscape

The feed anti-caking agent market is highly fragmented, with the presence of various small and medium-sized companies and a few major players. Thus, there is high competition in the market studied. Furthermore, in the market studied, companies are not only competing on the basis of the quality of equipment and promotion but also are focusing on strategic moves, in order to account for the largest market share. New product launches, partnerships, and acquisitions are the major strategies adopted by the leading companies in the feed anti-caking agents’ market. Some of the Key player in the market are Novus International, BASF SE, PPG Industries, Ecolab, W.R Grace& Co.

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