European feed premix market is poised to grow at a CAGR of 5.0% during 2017-2022. Feed premix is a uniform mixture of one or more micro-ingredients such as vitamins, minerals, and amino acids with diluent and/or carrier. Premixes are used to facilitate uniform dispersion of micro-ingredients in a larger mix.
The market is currently witnessing a steady growth due to an increasing scope of applications in the livestock industry. The manufacturers supply premixes to assure regular uniform supply of nutrients to the animals, enhance the quality of feed and productivity of the animals. The end consumers of feed premix are compound feed manufacturers, integrators, farmers, home-mixers, livestock, and aquaculture industry.
Food safety concerns especially about the meat and dairy products has led to increased consumption of compound feed thus driving the market for feed premix in the region. Increased meat consumption as well as increasing meat prices is further expected to drive the growth of the market. Increasing investments in R&D and cost management, coupled with information flow for nutrient requirements of animals would keep the future demand intact for feed premixes.
The market is explained in terms of animal types and ingredient types. Major ingredients used in feed premix manufacturing are- Antibiotics, Vitamins, Antioxidants, Amino Acids, and Minerals etc. Swine feed is the major consumer of premix in Europe. However recent consumption shift from red meat to white meat due to the health benefits associated with white meat has made poultry feed the fastest growing segment in the market.
Germany, Spain, and Russia are the major consumers in the region accounting for over 40% of the market. Russia is also forecasted to be the fastest growing market with the recent changes in the import/export laws and favorable exchange with Ukraine.
The major players are focused on research and development in efficient production processes. The global players based in Europe are Evialis (France), ForFarmers (Netherlands), DLG Group (Denmark), DSM NV (The Netherlands) etc. Entry in foreign markets by acquiring the production unit or local market leader is another strategy adopted by the major European players.
Key Deliverables in the Study
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