Europe Animal Nutrition Market, By Type (Amino Acids, Enzymes, Carotenoids, Fiber, Antioxidants, Eubiotics, Lipids, Fatty Acids, Medicated Feed Additives, Minerals, Vitamins, and Others), Feed Type (Poultry Feed, Swine Feed, Ruminant Feed, Pet Food, and Others), End User (Feed Manufacturers, Veterinarians, Pet Food Manufacturers, Livestock Farmers, and Others), Country (Germany, U.K., Italy, France, Spain, Sweden, Switzerland, Netherlands, Belgium, Russia, Turkey, and Rest of Europe) Industry Trends and Forecast to 2028
Market Analysis and Insights : Europe Animal Nutrition Market
The Europe animal nutrition market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.4% in the forecast period of 2021 to 2028 and is expected to reach USD 8,607.27 million by 2028.
Animal nutrients refer to animals' dietary needs, including minerals, enzymes, eubiotics, macronutrients, amino acids, and vitamins essential in efficient meat and milk production, proper bone structures, and reproduction. The study of the composition and characteristics of the material consumed by the animal and how the feed material is metabolized (converted, utilized, and excreted) in the digestive tract and body cells of monogastric animals (pigs, broilers, layers), ruminants (sheep, cattle, goats), and lower digestive tract fermenters, is known as animal nutrition (horses, ostriches). Therefore, this information is incorporated into an economically feasible and practical system of animal nutrition to ensure that animals achieve their maximum genetic production potential. It mainly focuses on the dietary nutrient needs of animals, primarily those in agriculture and food production, and zoos, aquariums, and wildlife management.
Growing demand for meat and meat related products among the consumers and rising awareness regarding animal health are driving the growth of the animal nutrition market in the region. Additionally, rising nutritional requirements of existing livestock, and growing disposable income of the European consumers are increasing the consumption of animal-based products. Whereas, high prices of animal nutrition products, and environmental challenges which are impacting on production of livestock are likely to restrict the growth of the market. On the other side, increasing investment by the manufacturers in the feed industry will create opportunity for the market in the forecasted period. However, availability of counterfeit products on large scale in the market is acting as challenge for Europe animal nutrition market.
The animal nutrition market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the Animal Nutrition market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Animal Nutrition Market Scope and Market Size
The animal nutrition market is segmented on the based on the type, feed type and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the animal nutrition market is segmented into amino acids, enzymes, carotenoids, fiber, antioxidants, eubiotics, lipids, fatty acids, medicated feed additives, minerals, vitamins, and others. In 2021, the medicated feed additives segment is expected to dominate the market due to huge availability of medicated feed products in the market as a preventive as well as curative agent for various animal disorders.
- On the basis of feed type, the animal nutrition market is segmented into poultry feed, swine feed, ruminant feed, pet food, and others. In 2021, the poultry feed segment is expected to dominate the market due increase in demand for meat products among the consumers.
- On the basis of end user, the animal nutrition market is segmented into feed manufacturers, veterinarians, pet food manufacturers, livestock farmers, and others. In 2021, the feed manufacturers segment is expected to dominate the market due to increased demand of feed ingredients by feed manufacturers as a raw material.
Animal Nutrition Market Country Level Analysis
The animal nutrition market is analysed and market size information is provided by the country, type, feed type and end user as referenced above.
The countries covered in the animal nutrition market report are the Germany, U.K., Italy, France, Spain, Sweden, Switzerland, Netherlands, Belgium, Russia, Turkey, and rest of Europe.
Germany is expected to lead the growth of the European market for type segment due to growing disposable income of population and increase in the consumption of meat products. In Russia, type segment is expected to dominate due to increase in demand for animal nutrition to enhance the performance of animals. In Spain, huge availability of medicated feed products is expected to boost the market’s growth.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Growing Strategic Activities by Major Market Players to Enhance the Awareness for Benefits of Animal Nutrition, is Boosting the Market Growth of Animal Nutrition Market
The animal nutrition market also provides you with detailed market analysis for every country growth in particular market. In addition, it provides the detail information regarding the market players’ strategy and their geographical presence. The data is available for historic period 2010 to 2019.
Competitive Landscape and Animal Nutrition Market Share Analysis
Animal nutrition market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to animal nutrition market.
Some of the major companies which are dealing in the Europe animal nutrition are Cargill, Incorporated, DSM, Kemin Industries, Inc., Alltech, Phibro Animal Health Corporation, Rossari Biotech Limited, ADM, Advanced Enzyme Technologies, Zoetis, Glanbia plc, DuPont (IFF Nutrition & Biosciences), Zinpro Corp., NOVUS INTERNATIONAL, BENEO, Norvite, Biovet, S.A, Bluestar Adisseo Co., Ltd., Balchem Inc., Vetoquinol S.A., Novozymes, EW Nutrition, BASF SE, Chr. Hansen Holding A/S, Brenntag Latvia, SIA, and azelis, among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product launches are also initiated by the companies’ worldwide which are also accelerating the animal nutrition market.
For instance,
- In September 2019, Novozymes has launched poultry nutrition product Balancius which helps to increase the feed efficiency and digestibility in broiler chickens. This helped the company to attract customer base.
Collaboration, product launches, business expansion, award and recognition, joint ventures and other strategies by the market player is enhancing the company footprints in the animal nutrition market which also provides the benefit for organization’s profit growth.
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