Growing demand for protein-rich diets, industrialization of livestock production, and technological advancements to produce high-quality products to drive the Europe animal feed additive market through 2023. According to TechSci Research report, “Europe Animal Feed Additive Market By Type, By Livestock, By Country, Competition Forecast & Opportunities, 2013 – 2023’’, Europe animal feed additive market is projected to surpass $ 2.68 billion by 2023, owing to growing consumer preference for protein-rich diets, which is resulting in huge consumption of animal meat. Europe is witnessing a rise in demand for meat with higher nutritional value, thus production of livestock is growing at a robust pace in the region, which in turn is positively influencing the region’s animal feed additive market. The ban on antibiotic growth by the European Commission is also fueling the animal feed additive market across the region.
Browse 23 market data Figures and Tables spread through 60 Pages and an in-depth TOC on "Europe Animal Feed Additive Market".
Increasing focus of manufacturers towards the dietary needs of animals, growing government regulations pertaining to food safety, rising population, and increasing consumer focus on staying fit and reducing risks of diet-related diseases are some of the other key factors expected to boost demand for animal feed additives in Europe over the coming years. Russia accounts for the largest share of Europe's animal feed additive market, mainly due to higher livestock production compared to other countries. Owing to increasing per capita consumption of meat and rising meat prices across the country, it is anticipated that Russia would continue to dominate the market over the course of the next five years.
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“New livestock-producing areas are popping up across France, Spain, and several other European countries. Moreover, with growing demand for chicken meat, production of guinea, geese, chicken, pigeons, and other domesticated birds is increasing, which is expected to result in lucrative opportunities for animal feed additive manufacturers across the region in the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Europe Animal Feed Additive Market By Type, By Livestock, By Country, Competition Forecast & Opportunities, 2013 – 2023” has evaluated the future growth potential of the animal feed additive market and provides statistics and information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers make sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Europe animal feed additive market.
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According to the new market research report by IndustryARC titled “Animal Feed Additive Market: By Type (Technological & Zoo Technical Feed Additives, Nutritional Feed Additives, Sensory Feed Additives); By Livestock (Swine, Poultry, Cattle, Aquaculture and Others); By Geography - (2014-2020)”, the market is expected to be driven by rising awareness among consumers on quality food.APAC continues to lead the market share and growth during 2018-2023.Asia-Pacific with a major market share is the dominant region due to the high demand from meat producing countries and exporters such as Australia, New Zealand, China and India.
The industrialization of meat production, adoption of scientific feed, propelled by increasing awareness among producers, are driving the demand.Also, APAC is the fastest growing market for feed additives as compared to other regions mainly due to the increasing production and consumption of meat, dairy and co-products.
Additionally, increasing focus on animals’ health and quality of feed in terms of taste and nutritional value is set to fuel the market growth.
This is mainly due to the rising population and demand for poultry meat and eggs, especially in India and China.Selected / Sample Analysis done in the full Report:These are used at various stages in the meat production value chain.
Livestock producers use these animal feed additives in small doses to enhance and maintain overall health of the animal.It also prevents the livestock from various disease outbreaks and helps in increasing overall body mass of the animals.
The rising consumer awareness about the quality of food is playing a key role in driving significant growth for the market.Rapidly rising mass production of meat and meat products is an indicator of growing trend for landless meat production facilities.
Global Animal Feed Additives Market size was estimated at USD 16 billion in 2014.
Growing meat consumption as a key protein source, especially in Asia Pacific and Latin America is expected to be a key driver for market demand over the forecast period.
Increased focus on product innovation, resulting in high R spending is expected to provide new growth opportunities to industry participants.High degree of regulatory intervention in developed markets of North America and Europe, coupled with raw material supply issues are expected to challenge product growth over the next seven years.
Asia Pacific and LATAM animal feed additive markets, which are comparatively less regulated, are expected to reach USD 7.2 billion and USD 2 billion by 2022, respectively.Browse Details of Report@ https://www.hexaresearch.com/research-report/animal-feed-additives-industry/With frequent regulatory updates and increasing R spending, the global feed additive industry is constantly evolving.
In recent times, there has been a significant increase in mergers, acquisitions and partnerships among market participants, in order to enhance product portfolio, gain access to regional markets and to avail synergetic benefits, As a result, we have witnessed companies increasing their presence across the value chain by integrating and diversifying their product portfolio.Key report insights suggest:- Global animal feed additives market was valued at USD 16 billion in 2014 and is expected to reach USD 21.9 billion by 2022, growing at a CAGR of 4% from 2015 to 2022.- Poultry feed additives dominate the market, with revenue estimated at USD 6.1 billion in 2014 and expected to grow at a CAGR of 4.3% from 2015 to 2022.
Aquaculture feed additives market is expected to reach USD 1.29 billion by 2022, with an estimated CAGR of 4.2% over the next seven years.- Amino acids accounted for over 30% of global demand in 2014, with revenue estimated to reach USD 8 billion by 2022.
