The European ruminant feed premix market is estimated to register a CAGR of 3.5% during the forecast period. Industrial advancement in Europe’s meat and dairy industries is the primary reason behind the monstrous size of the ruminant feed market in the region. Increasing awareness in the red meat industry about the importance of animal diet and growing research on the most viable combination of nutrients has aided the rapid development of the ruminant feed premix market in the region.
Key Market Trends
Demand from Dairy industry Drives the Market
In 2018, dairy is the second-largest agricultural sector in the Europe, accounted for more than 12 % of total agricultural output. The number of dairy cattle present in Europe was 20.75 million in 2018, producing 172.2 million metric tons of raw milk. Feed premixes play a key role in the dairy sectors as the quality and quantity of milk can be improved significantly by feeding premixes to the dairy cattle. Therefore, the well-established dairy sector is the prime driving factor of the market in Europe.
France and Russia Dominates the Market
France and Russia are the two leading cattle producers in Europe, which produced 30% of total European cattle production. Well developed dairy and beef industries in these countries is the prime reasons for such domination. Owing to the increase in consumer demand, the production of feed premixes has been steadily increasing in Russia for the last few years. According to the Russian State Statistical Service (Rosstat), Russia produced 126,700 tons of feed premixes during the first six months of 2016, an increase of 1.9 percent over the previous year.
Competitive Landscape
European feed premix market is fragmented with many global and regional players. Cargill, Kemin, Nutreco are some of the leading players in the region. Investment in the R&D activities to introduce new useful products is one of the key strategies adopted by manufacturers to stay ahead of the competition in the matured markets of Europe.
Reasons to Purchase this report:
Key Market Trends
Demand from Dairy industry Drives the Market
In 2018, dairy is the second-largest agricultural sector in the Europe, accounted for more than 12 % of total agricultural output. The number of dairy cattle present in Europe was 20.75 million in 2018, producing 172.2 million metric tons of raw milk. Feed premixes play a key role in the dairy sectors as the quality and quantity of milk can be improved significantly by feeding premixes to the dairy cattle. Therefore, the well-established dairy sector is the prime driving factor of the market in Europe.
France and Russia Dominates the Market
France and Russia are the two leading cattle producers in Europe, which produced 30% of total European cattle production. Well developed dairy and beef industries in these countries is the prime reasons for such domination. Owing to the increase in consumer demand, the production of feed premixes has been steadily increasing in Russia for the last few years. According to the Russian State Statistical Service (Rosstat), Russia produced 126,700 tons of feed premixes during the first six months of 2016, an increase of 1.9 percent over the previous year.
Competitive Landscape
European feed premix market is fragmented with many global and regional players. Cargill, Kemin, Nutreco are some of the leading players in the region. Investment in the R&D activities to introduce new useful products is one of the key strategies adopted by manufacturers to stay ahead of the competition in the matured markets of Europe.
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
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