The United Kingdom feed additives market is projected to register a CAGR of 4.9% during the forecast period. When compared to the world’s average meat consumption rate, the meat consumption rate in the United Kingdom is high. However, this trend is declining due to the changing consumer preference toward vegan food in the country. White meat and chicken are the commonly consumed meat in the country. The growing trend of feed additives is observed among all the segments of the livestock, with poultry being ahead of ruminants and swine. Factors, such as increased trade activity among the EU nations, demand for quality animal products, and rise in the cost of natural and organic feeds, along with production techniques are impacting the market.
Key Market Trends
Increased Industrial Livestock Production
The growing demand for livestock products is 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 country where land is limited. Industrial-scale livestock production makes optimum use of high-quality feed to improve efficiencies in the production process, improve feed conversion ratios, and enhance animal muscle mass and protein content. With the adoption of industrial-scale livestock production by a larger number of farmers, the production of feed additives needs to improve, in order to cater to this large production base of high-quality compound feed. 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. This is expected to boost the global feed additives market during the forecast period.
Increasing Demand For High Value Animal Protein
There is increasing pressure on the livestock industry, to meet the growing demand for meat and high-value animal protein. Population growth, rising incomes in developing nations, and urbanization have led to a surge in global livestock production. The level of income and consumption of animal protein is directly related to the consumption of milk, meat, and eggs, which are increasing at the expense of staple foods. Due to the decline in prices of meat and meat products, developing countries are beginning to consume a large quantity of meat, at a much lower level of the gross domestic product than industrialized countries did two-three decades back. Urbanization has led to increased demand for meat and milk products in cities compared to the rural areas. Cities have varied diets, rich in animal protein and fat. Demand for the high-quality compound feed from the livestock industry, due to increased industrial production of meat and dairy products has elicited the growth in consumption of compound feed and feed additives. The raw materials used for compound feed production, such as maize, barley, soybean, are used for human consumption and production of ethanol. In this scenario, the feed industry competes with the food industry for raw materials.
Competitive Landscape
The feed additives market in the United Kingdom is largely consolidated, with various international companies occupying major chunks of the market for various feed additive types. Local companies account for minor shares in the market and only one or two companies have a higher share in the UK market for a particular additive type. International companies, like Cargill, Adisseo, and Prinova, occupy major shares in the market for amino acids, probiotics, vitamins, antioxidants, and mycotoxin detoxifiers.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
This product will be delivered within 2 business days.
Table of Contents
Methodology
LOADING...
