Europe Feed Vitamins market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Europe Feed Vitamins market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Europe Feed Vitamins Market is estimated to register a CAGR of 1.8% during the forecast period (2020-2025). Vitamin supplements are considered necessary in animal feeds for all kinds of livestock, and this has traditionally fuelled the animal feed vitamin market. An increase in the demand for quality meat, developing markets, health concerns & disease outbreak in livestock have driven the growth of the market in the region, thus acting as market drivers. The restraints identified in this market are competition for raw materials with other industries, price volatility of agri-commodities and regulatory framework.

Key Market TrendsIncreasing Meat Consumption is Driving the Market

The growth in the feed vitamin market is primarily because of the expansion of the animal meat market in Europe. According to the European Commission's EU Agricultural Outlook of 2018, per capita, meat consumption has increased from 68.4 kg in 2017 to 69.3 kg in 2018. Europe has a high percentage of people that consume meat as an essential part of their diet. Rising disposable income and increased quality meat production is encouraging the market for standard meat and other animal proteins. With rising livestock animal health standards and the subsequent large-scale adoption of compound feed, several vitamins like A, D, E, K, and B are being included in livestock diets across the region. This is likely to drive the market to feed vitamins during the forecast period.

Vitamin E Type Additive Dominates the Market

Vitamin E is a very important feed additive and the functions performed by the vitamin cannot be fulfilled by any other feed additive and hence, it is one of the most important feed additives. Vitamin E helps keep up the basic structure of tissues, builds up the nervous system, and significantly adds to disease resistance in animals because of its balancing impacts on the immune system. Although Vitamin E is present in large quantities in fresh green forage, hay, and silage, its concentration reduces in storage, hence necessitating the incorporation of vitamin E as an additive in compound feed.

Competitive Landscape

The Europe Feed vitamins market is a significantly concentrated market with few major players including BASF SE, Archer Daniels Midland Co., DSM Nutritional Products AG. and Bluestar Addiseo Co. The major strategies adopted by them are acquisitions, mergers, increasing the capacity of the plants and investing in R&D. Demand for highly efficient additives is expected to make the market more competitive and effectively dynamic during the forecast period.

Additional Benefits:

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

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.