The Europe ruminant feed market is projected to grow at a CAGR rate of 3.1% during the forecast period. Growing demand from the beef meat and dairy industries are the prime drivers of the market. Europe is a mature market for ruminant feed, in terms of consumption. In the region, the ruminant feed has been using as productivity enhancers in livestock. Therefore, the regional market is modern and highly regulated, especially in Western Europe.
Key Market Trends
Demand from Livestock Industries Drives the Market
European countries are some of the leading meat and dairy consuming regions in the world. The per capita meat consumption of Europe was recorded as 65.3 Kg in 2018 climbing to 65.8 Kg in 2019. Increasing consumption of meat and dairy has been directly boosting cattle farming in the country. According to FAO, the total number of cattle present in Europe was 119.3 million in 2018. The vast cattle farming industries which require feed in huge quantities have been driving the ruminant feed market in Europe.
Germany and France Dominates the Market
One of the major drivers for rising ruminant feed consumption in the German livestock industry is increasing cattle production. The ruminant population has reached around 23 million heads in Germany and about 10.14 million metric tons of compound feed has been consumed in 2018. Ruminant feed plays an important role in the French livestock production sector, and its use is highly regulated under both domestic and EU legislation. France is one of the leading livestock producers in the European Union accounting for a 19% share in overall beef production, in 2016. Such high ruminant production output and regulatory concerns are increasing the demand for healthy feed, in the French ruminant industry.
Competitive Landscape
Europe Ruminant Feed Market is fragmented with many regional and global players. Expansion of business operations to many regions is the key strategy followed by the players to increase their revenue along with new product launches, mergers, and expansions. Alltech Inc, Nutreco Nv, Cargill Inc, and DM animal nutrition are some of the key players in the region.
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Key Market Trends
Demand from Livestock Industries Drives the Market
European countries are some of the leading meat and dairy consuming regions in the world. The per capita meat consumption of Europe was recorded as 65.3 Kg in 2018 climbing to 65.8 Kg in 2019. Increasing consumption of meat and dairy has been directly boosting cattle farming in the country. According to FAO, the total number of cattle present in Europe was 119.3 million in 2018. The vast cattle farming industries which require feed in huge quantities have been driving the ruminant feed market in Europe.
Germany and France Dominates the Market
One of the major drivers for rising ruminant feed consumption in the German livestock industry is increasing cattle production. The ruminant population has reached around 23 million heads in Germany and about 10.14 million metric tons of compound feed has been consumed in 2018. Ruminant feed plays an important role in the French livestock production sector, and its use is highly regulated under both domestic and EU legislation. France is one of the leading livestock producers in the European Union accounting for a 19% share in overall beef production, in 2016. Such high ruminant production output and regulatory concerns are increasing the demand for healthy feed, in the French ruminant industry.
Competitive Landscape
Europe Ruminant Feed Market is fragmented with many regional and global players. Expansion of business operations to many regions is the key strategy followed by the players to increase their revenue along with new product launches, mergers, and expansions. Alltech Inc, Nutreco Nv, Cargill Inc, and DM animal nutrition are some of the key players in the region.
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:
- Nutreco NV
- Novus International
- Kemin Industries, Inc.
- Cargill, Incorporated.
- Allied Nutrition
- Alltech, Inc.
- BASF SE
- Elanco
- ForFarmers
- ADM Animal Nutrition
Methodology
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