The Europe Poultry Feed Premix Market was worth $410 million in 2016 and estimated to be growing at a CAGR of 2.90%, to reach $470 million by 2021.
Poultry Feed premixes consists of different feed additives mixed with diluents that facilitate the rate of mixing. It ensures uniformity and homogeneity in feed for better nutrient availability.
Poultry is the most widely consumed meat in the world and its production is more than any other meat category. Poultry Feed Premix has become a vital part of the globally increasing livestock industry and meat production industry.
Producers supply premixes to guarantee uniform supply of nutrients to the animals and to augment the quality and productivity of the animal. The end users of the Poultry Feed Premix are poultry, pig, ruminants, fish.
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The growth of the Europe Poultry Feed Premix market is mainly due to the growth in the meat consumption and increasing population. With latest technologies that focus on improving the quality of the premixes, there is a constantly increasing demand for them.
Complex regulatory bodies in the European Union and increasing cost of operations are the main factors hindering the growth of this regional market.
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The Europe Poultry Feed Premix market is segmented based on Ingredient type. On the basis of Ingredient type, the Poultry Feed Premix market is segmented into Minerals, Antibiotics, Vitamins, Amino Acids, and Other Ingredients.
Vitamins segment leads the Poultry Feed Premix market followed by the minerals segment. Vitamins and minerals have been gaining substantial growth, as they serve as a vital factor in enhancing the growth of the livestock and in the growth of the immune system.
Reputation of trace minerals such as zinc, manganese, iodine, and selenium for its functional benefits lead to the strong growth of this segment along with vitamins.
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The Europe market has been geographically segmented into Germany, U.K, France, Spain, and Italy. This region has a market share of about 22% and is just trailing behind Asia-Pacific region.
This market is anticipated to grow steadily due to the increasing importance for animal health and wellness in the animal husbandry industry.
Some of the major companies dominating the market in this region are Cargill, Koninklijke DSM N.V., Nutreco N.V., Archer Daniels Midland Company, and InVivo Nutrition et Sante Animales
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