United Kingdom feed additives market is projected to reach US$ 1.497 billion, increasing from US$ 1.208 billion in 2016, growing at a CAGR of 3.64% during this period. Feed additive is an important ingredient that is added with basic feed mix to provide essential nutrition to the animals and thereby preventing them through diseases and nutritional deficiencies. Factors like high per capita income, rising demand for quality products coupled with the increase in meat consumption drive the feed additive market in this region. Moreover, easy trading policy’s adopted by EU nations further enhance the growth of feed additive market in this region. Aquaculture is the fastest growing sector in the UK which, in turn, drives the feed additive market. However, strict government regulation takes around 1-2 years to approve the feed and thereby this huge delay between research and introduction hamper the animal feed market growth. Moreover, the ban on antibiotics further restrains the market growth to a certain extent.
Research Methodology
This section provides an anatomy of the research process followed for calculating market size and forecasts along with a list of the secondary data sources used and the primary inputs which were taken for data validation. It also provides an outline of the various segmentations which have been covered as part of the report.
Market Dynamics
In this section, the entire market is explained along with various drivers, restraints, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.
Segmentation
The United Kingdom feed additive market has been segmented on the basis of product and livestock as follows
By Product Type
Antibiotic
Enzyme
Vitamin
Amino Acid
Antioxidant
Acidifiers
Minerals
Others
By Livestock
Aquatic Animals
Poultry
Swine
Cattle
Others
Market Players
Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are Cargill Incorporated, BASF SE, Novozymes, Nutreco, Chr. Hansen, Evonik Industries, Archer Daniels Midland Company, Alltech Inc. and Elanco Animal Health.
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