Europe Feed Antioxidants Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.53 Billion |
| Market Size (2029) | USD 1.85 Billion |
| CAGR (2024 - 2029) | 3.90 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Feed Antioxidants Market Analysis
The Europe Feed Antioxidants Market size is estimated at USD 1.53 billion in 2024, and is expected to reach USD 1.85 billion by 2029, growing at a CAGR of 3.9% during the forecast period (2024-2029).
The rising demand for meat, fish, poultry, and other products in the region enhanced yield by improving performance. According to the Eurostat, Denmark and Spain remain the largest consumers of pork in Europe in 2023, with 73.6 and 53.8 kg/inhabitant respectively, ahead of Poland with 50.7 kg/inhabitant. The market growth in the region is mainly driven by increasing production, rising animal health concerns, and growing industrialization of livestock. FDA has had responsibility for feed safety since it took on food safety under the original Pure Food and Drug Act of 1906. However, the Federal government's role in feed safety increased with the feed industry’s use of medicated feeds.
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. According to Eurostat, in 2023, there are around 3,164.60 thousand dairy cattle in France. The higher demand for compound feed for cattle farms is anticipated to drive the market for feed additives in the country during the forecast period. 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 market growth studied. The market is also growing due to the expansion of the animal meat market.
Furthermore, the rise of food safety concerns regarding dairy and meat products has increased the use of feed antioxidants in countries like Germany, Spain, and Poland. Moreover, the leading manufacturers are rapidly investing in research and development (R&D) activities to upgrade their manufacturing technologies to improve the yield and quality of the antioxidants. The companies are also opting for innovative solutions to ensure high-quality feed antioxidant inputs in animal feeds and enhance the efficiency of meat production.
Moreover, feed antioxidants are regulated under the European Food Safety Authority (EFSA) in the European Union. Producers of feed antioxidants are required to follow strict regulations related to regional and national health and safety for their product approval in developed countries. This ultimately affects the cost of the final products. Such regulatory initiatives pose challenges for the existing feed antioxidant products and increase the cost of new feed development. Furthermore, the EU Green Deal policy agenda and national authorities' initiatives to tackle environmental emissions (BE, NL – ammonia emissions) and welfare issues (DE) are anticipated to continue to create additional pressure on the EU livestock and antioxidants sector.
Europe Feed Antioxidants Market Trends
Poultry is the Largest Growing Market Segment
Poultry is the most popular type of meat consumed in Europe. The consumption of poultry has increased in the country over the past few years. The consumption growth has pressured farmers to maintain the production growth rate the same as consumption to retain the demand-supply balance. The rising poultry production has led to increased feed production in the region. According to the Food Standards Agency (FSA), around 1.11 billion broilers, 39 million boiling fowl, and almost nine million turkeys were slaughtered in the United Kingdom in 2023.
Moreover, broiler feed antioxidants hold the largest shares in the poultry segment. The reason for the heavy demand for poultry meat is the augmented consumption of processed poultry in European countries and the rising export demand. The growing demand for processed meat and protein diets, due to the rise in household income levels, is anticipated to continue driving the demand for animal feed antioxidants. This factor, in turn, may lead to higher usage of feed antioxidants in various broiler farms.
In the region, there have been numerous cases of disease outbreaks, such as avian influenza virus H5N8. In addition to veterinary care to avoid these occurrences, suitable animal feed antioxidants, which are used in the right amount and administered efficiently enhance the overall health of poultry birds. This factor is leading to the growth in the demand for the same in the region.
Additionally, antioxidants are necessary for poultry birds to minimize lipid oxidation, improve the keeping quality of premix & feed, and minimizeoxidation in meat after slaughter.Moreover, feed antioxidants improve the efficiency of growing poultry without compromising the product quality. Antioxidants, such as Butylated Hydroxy Anisole (BHA) or Butylated Hydroxy Toluene (BHT), have been widely used in poultry feed for many years. BHT has been recognized by the FDA as a GRAS substance, and it is considered for consumption in a limited amount.
Germany is the Fastest Growing Market
According to the United States Department of Agriculture, in Germany, livestock accounts for nearly 64% of the revenue in agriculture in 2023. Antioxidant feed additives are attracting German consumers, due to their health benefits, such as restricting oxidation, thus removing potentially damaging oxidizing agents in a living organism. Moreover, it is highly beneficial in animal health and nutrition to increase the shelf life of feed additives and premixes.
In addition to protecting the feed, antioxidants in animal feed are beneficial for the animal’s health. For instance, antioxidants present in animal feed help to reduce oxidative stress by neutralizing free radicals and protecting the animal cells from damage. This improves the animal’s immune function, reproductive performance, and overall health.
In 2022, Germany started a move to ban farmed animals from being routinely fed a diet of antibiotics. In the same year, amendments were made to the German Drug Act, which primarily aimed at gradually reducing the usage of antibiotics in livestock farming. In addition, there are new regulations in the country, which are allowing the relevant authorities to check the frequency of usage of antibiotics in farm animals. Due to such restrictions, growers are pressured to shift to feed ingredients, which is driving the demand for feed antioxidants in the country. Furthermore, this is projected to limit the market for antibiotics and boost the antioxidants used in compound feed.
Europe Feed Antioxidants Industry Overview
The feed antioxidant market in Europe is fragmented, with major players including Adisseo, Alltech, BASF SE, Archer Daniels Midland Company, and Kemin Europa. New product launches, mergers and acquisitions, and partnerships are the major strategies adopted by these leading companies in the market. Market players are focusing on making investments in innovation, collaborations, and expansions to increase their market share.
Europe Feed Antioxidants Market Leaders
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Adisseo France SAS
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Archer Daniels Midland Company
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Kemin Europa
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AllTech
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BASF SE
*Disclaimer: Major Players sorted in no particular order
Europe Feed Antioxidants Market News
- July 2024: ADM partnered with Huvepharma to enhance ruminant nutrition solutions. This collaboration expands producers' access to ADM's scientifically developed feed additives, which have shown positive effects on production efficiency.
- August 2023: Cargill has acquired Delacon, a global leader in plant-based phytogenic additives. This acquisition combines Cargill's extensive network and expertise in animal nutrition technologies with Delacon's specialized knowledge and market experience in phytogenic feed additives. These additives utilize a wide range of herbs, plants, and their extracts, including essential oils, to enhance livestock and aquaculture performance and promote animal health.
Europe Feed Antioxidants Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and 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
4.2.1 Growing Demand for Livestock Products
4.2.2 Increasing Awareness of Animal Health
4.2.3 Increased Feed Consumption
4.3 Market Restraints
4.3.1 Rising Demand for Organically Sourced Livestock Products
4.3.2 Challenging Regulatory Conditions
4.4 Porters Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Animal Type
5.1.1 Ruminant
5.1.2 Poultry
5.1.3 Swine
5.1.4 Aquaculture
5.1.5 Other Animal Types
5.2 Type
5.2.1 BHA
5.2.2 BHT
5.2.3 Ethoxyquin
5.2.4 Others
5.3 Geography
5.3.1 United Kingdom
5.3.2 Russia
5.3.3 Spain
5.3.4 France
5.3.5 Germany
5.3.6 Rest of Europe
6. COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Most Aadopted Strategies
6.3 Company Profiles
6.3.1 Adisseo France SAS
6.3.2 AllTech.
6.3.3 Archer Daniels Midland Company
6.3.4 Cargill Inc.
6.3.5 IFF(Danisco Animal Nutrition)
6.3.6 DSM - Firmenich
6.3.7 BASF SE
6.3.8 Novus International, Inc.
6.3.9 Kemin Europa
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Europe Feed Antioxidants Industry Segmentation
Antioxidants are compounds or substances that inhibit oxidation, thereby eliminating potentially harmful oxidizing agents from living organisms. The Europe Feed Antioxidants Market Report is Segmented by Animal Type (Ruminant, Poultry, Swine, Aquaculture, and Other Animal Types), Type (BHA, BHT, Ethoxyquin, and Other Types), and Geography (United Kingdom, Russia, Spain, France, Germany, and Rest of Europe). The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.
| 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 Research Faqs
How big is the Europe Feed Antioxidants Market?
The Europe Feed Antioxidants Market size is expected to reach USD 1.53 billion in 2024 and grow at a CAGR of 3.9% to reach USD 1.85 billion by 2029.
What is the current Europe Feed Antioxidants Market size?
In 2024, the Europe Feed Antioxidants Market size is expected to reach USD 1.53 billion.
Who are the key players in Europe Feed Antioxidants Market?
Adisseo France SAS, Archer Daniels Midland Company, Kemin Europa, AllTech and BASF SE are the major companies operating in the Europe Feed Antioxidants Market.
What years does this Europe Feed Antioxidants Market cover, and what was the market size in 2023?
In 2023, the Europe Feed Antioxidants Market size was estimated at USD 1.47 billion. The report covers the Europe Feed Antioxidants Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Feed Antioxidants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Feed Antioxidants Industry Report
Statistics for the 2024 Europe Feed Antioxidants market market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Feed Antioxidants market analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
