Europe Ruminant Feed Premix Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.50 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Ruminant Feed Premix Market Analysis
The European ruminant feed premix market is estimated to register a CAGR of 3.5% during the forecast period. Industrial advancement in Europe's meat and dairy industries is the primary reason behind the monstrous size of the ruminant feed market in the region. Increasing awareness in the red meat industry about the importance of animal diet and growing research on the most viable combination of nutrients has aided the rapid development of the ruminant feed premix market in the region.
Europe Ruminant Feed Premix Market Trends
This section covers the major market trends shaping the Europe Ruminant Feed Premix Market according to our research experts:
Demand from Dairy industry Drives the Market
In 2018, dairy is the second-largest agricultural sector in the Europe, accounted for more than 12 % of total agricultural output. The number of dairy cattle present in Europe was 20.75 million in 2018, producing 172.2 million metric tons of raw milk. Feed premixes play a key role in the dairy sectors as the quality and quantity of milk can be improved significantly by feeding premixes to the dairy cattle. Therefore, the well-established dairy sector is the prime driving factor of the market in Europe.
France and Russia Dominates the Market
France and Russia are the two leading cattle producers in Europe, which produced 30% of total European cattle production. Well developed dairy and beef industries in these countries is the prime reasons for such domination. Owing to the increase in consumer demand, the production of feed premixes has been steadily increasing in Russia for the last few years. According to the Russian State Statistical Service (Rosstat), Russia produced 126,700 tons of feed premixes during the first six months of 2016, an increase of 1.9 percent over the previous year.
Europe Ruminant Feed Premix Industry Overview
European feed premix market is fragmented with many global and regional players. Cargill, Kemin, Nutreco are some of the leading players in the region. Investment in the R&D activities to introduce new useful products is one of the key strategies adopted by manufacturers to stay ahead of the competition in the matured markets of Europe.
Europe Ruminant Feed Premix Market Leaders
Cargil.Inc.
Nutreco N.V.
KG Group
Wisium
Kemin Industries
*Disclaimer: Major Players sorted in no particular order
Europe Ruminant Feed Premix Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type
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5.1.1 Macrominerals
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5.1.2 Microminerals
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5.2 By Animal Type
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5.2.1 Ruminant
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5.2.2 Poultry
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5.2.3 Swine
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5.2.4 Aquaculture
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5.2.5 Other Animal Types
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5.3 Geography
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5.3.1 Spain
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5.3.2 United Kingdom
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5.3.3 Germany
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5.3.4 France
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5.3.5 Italy
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5.3.6 Russia
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5.3.7 Rest of Europe
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Share Analysis
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6.3 Company Profiles
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6.3.1 Kemin Industries, Inc.
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6.3.2 BASF SE
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6.3.3 Alltech Inc
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6.3.4 Nutreco N.V.
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6.3.5 Novus International
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6.3.6 ADM
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6.3.7 Pancosma SA
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6.3.8 Cargill Inc.
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6.3.9 Royal DSM NV
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6.3.10 Adisseo
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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8. IMPACT OF COVID-19
Europe Ruminant Feed Premix Industry Segmentation
The premix supplements are added to the ruminant feed to ensure the availability of required nutrients to the animal. These are extensively used by the dairy and beef industries across Europe. The Europe Feed Premix Market report gives an in-detailed analysis of the market size along with the competitive landscape and future opportunities. The market is segmented by the ingredient type and geography.
| By Type | |
| Macrominerals | |
| Microminerals |
| By Animal Type | |
| Ruminant | |
| Poultry | |
| Swine | |
| Aquaculture | |
| Other Animal Types |
| Geography | |
| Spain | |
| United Kingdom | |
| Germany | |
| France | |
| Italy | |
| Russia | |
| Rest of Europe |
Europe Ruminant Feed Premix Market Research FAQs
What is the current Europe Ruminant Feed Premix Market size?
The Europe Ruminant Feed Premix Market is projected to register a CAGR of 3.5% during the forecast period (2024-2029)
Who are the key players in Europe Ruminant Feed Premix Market?
Cargil.Inc., Nutreco N.V., KG Group, Wisium and Kemin Industries are the major companies operating in the Europe Ruminant Feed Premix Market.
What years does this Europe Ruminant Feed Premix Market cover?
The report covers the Europe Ruminant Feed Premix Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Ruminant Feed Premix Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Ruminant Feed Premix Industry Report
Statistics for the 2024 Europe Ruminant Feed Premix market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Ruminant Feed Premix analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
