Market Size of Europe Ruminant Feed Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 3.10 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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European Ruminant Feed Market Analysis
The Europe ruminant feed market is projected to grow at a CAGR rate of 3.1% during the forecast period. Growing demand from the beef meat and dairy industries are the prime drivers of the market. Europe is a mature market for ruminant feed, in terms of consumption. In the region, the ruminant feed has been using as productivity enhancers in livestock. Therefore, the regional market is modern and highly regulated, especially in Western Europe.