Europe feed minerals market is estimated to register a CAGR of 5.1% during the forecast period (2020 - 2025). Minerals are additives included in the animal feed for optimal growth, development, overall health, and well-being, and for the prevention of diseases in the livestock. Growing animal production, enormous meat consumption demand, and well-established dairy industry are the prime drivers of the market. The Europe feed minerals market is highly fragmented with many global and regional players.
Key Market Trends
Demand from Animal Production Industry Drives the Market
Animal production industry in European countries is very well developed with 148 million pigs, 87 million bovine animals, and 98 million sheep and goats in 2018. The European animal farms are very large with a huge number of animals. For example, the average size of a dairy farm in France is 70 - 80 cows per farm. Demand for feed minerals from large-sized farms is the prime driver of the market in Europe. The demand for feed minerals is anticipated to grow at a rapid rate in the coming years as animal production is accelerating in the region.
Increasing Consumption of Feed Minerals
The growing meat consumption and dairy products demand has been fueling the animal production industry in the European countries, which in turn boosting the sales of feed mineral additives. Frequent disease attacks on animals are also encouraging the farmers to use feed additives including minerals to strengthen the immune system. Avian influenza, swine fever, foot, and mouth disease are very common in some European countries. Therefore, the rise in animal production and frequent disease attacks has been uplifting the sales of mineral feed additives for the last few years.
Competitive Landscape
The Europe Feed Minerals market is highly fragmented with many regional and global players in the market. Adissio, Alltech, Nutreco NV, etc. are some of the leading players in Europe. New product launches in one of the prime strategies followed by these companies to increase these sales. The players have been concentrating on merging, acquisitions, and partnerships to expand their business and increase their customer base.
Reasons to Purchase this report:
Key Market Trends
Demand from Animal Production Industry Drives the Market
Animal production industry in European countries is very well developed with 148 million pigs, 87 million bovine animals, and 98 million sheep and goats in 2018. The European animal farms are very large with a huge number of animals. For example, the average size of a dairy farm in France is 70 - 80 cows per farm. Demand for feed minerals from large-sized farms is the prime driver of the market in Europe. The demand for feed minerals is anticipated to grow at a rapid rate in the coming years as animal production is accelerating in the region.
Increasing Consumption of Feed Minerals
The growing meat consumption and dairy products demand has been fueling the animal production industry in the European countries, which in turn boosting the sales of feed mineral additives. Frequent disease attacks on animals are also encouraging the farmers to use feed additives including minerals to strengthen the immune system. Avian influenza, swine fever, foot, and mouth disease are very common in some European countries. Therefore, the rise in animal production and frequent disease attacks has been uplifting the sales of mineral feed additives for the last few years.
Competitive Landscape
The Europe Feed Minerals market is highly fragmented with many regional and global players in the market. Adissio, Alltech, Nutreco NV, etc. are some of the leading players in Europe. New product launches in one of the prime strategies followed by these companies to increase these sales. The players have been concentrating on merging, acquisitions, and partnerships to expand their business and increase their customer base.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Kemin Industries, Inc.
- BASF SE
- Alltech Inc
- Nutreco N.V.
- Novus International
- ADM
- Pancosma SA
- Cargill Inc.
- Royal DSM NV
- Adisseo
Methodology
LOADING...
