Compound feed is a mix of raw materials and supplements, sourced from either plants or animals, fed to the livestock orally. Most generally used raw materials are soybean, corn, barley; wheat and sorghum. Most common additives to form compound feed are, minerals, amino acids, antibiotics and colorants. Compound feed has become an essential part of the globally increasing livestock industry and meat production industry. The end customers of the compound feed are poultry, pig, ruminants, fish etc.
According to the report Europe Compound Feed Market , published by Market Data Forecast the Market was worth USD 94.3 billion in 2016 and estimated to be growing at a CAGR of 1.40%, to reach USD 101.1 billion by 2021. The Europe Compound Feed market is developing at a significant rate due to the increase in the livestock.
The growth of the Europe Compound feed market is mainly due to the growth in the meat consumption and increasing population. Increase in consumer awareness regarding benefits of organic food and meat led to increase in consumption which in turn led to increase in demand for organic feed.
Complex regulatory bodies in the European Union and increasing cost of operations are the main factors hindering the growth of this regional market. The European governments have imposed a ban on the use of antibiotics as a growth promoter.
The ban has led livestock producers in these regions to identify new ways to stimulate production and deliver the same benefits provided by antibiotic growth promoters at an affordable price.
The Europe Compound feed market is segmented based on Ingredients, Supplements and Animal type. The market for Compound feed, on the basis of Ingredients, is classified into Cereals, Cereals by-Product, Oilseed Meal, Oil, Molasses, Supplements and others.
On the basis of Supplements, the Europe Compound feed market is segmented into Vitamins, Antibiotics, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers and others. On the basis of Animal category, the Europe Compound feed market is segmented into Ruminant, Swine, Poultry, Aquaculture and others.
Poultry, pork, and cattle are the largest consumers of compound feed in this region accounting for the major share of the overall compound feed market. Cereals are the most widely used ingredients in compound feed whereas Vitamins are the most widely used additives, accounting for around 25% of the total feed additives market.
The Europe market has been geographically segmented into Germany, U.K, France, Spain, and Italy. U.K leads the market in this region.
The poultry segment is evolving as the foremost livestock segment for the consumption of Compound feed, trailed by swine and cattle, because of the increase in demand for poultry meat, consumer taste predilections.
Some of the major companies dominating this market in this part of the world are Cargill Inc., Archer Daniels Midland Company, Land o’ lakes, Inc., Nutreco, ALLTECH, INC, Charoen Pokphand Foods, New Hope Group Co. Ltd, Wen’s Group, ForFarmers B.V., Kyodo Shiryo Company, Sodrugestvo Group S.A., DeKalb Feeds, Inc., De Heus B.V, Agribusiness Holding Miratorg, Ballance Agri-Nutrients Ltd., Kent Feeds, Weston Milling Animal Nutrition, J.D.
Heiskell & CO, EWOS GROUP.
Category: Market Research Publishers and RetailersCompany about: Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. A few key business areas that we handle with excellence include business process improvement, corporate financing and decision making based on market research, assisting in developing appropriate strategy and providing consultancy based on extens ...
For more information:Make an Inquiry about this report HERE!