Europe Ruminant Feed Market

Description

Europe has few of the biggest producers of raw milk in the Dairy industry. This has given the European Ruminant feed market as well a global significance. The European Ruminant feed market has been accounted for US$XX Million and is expected to grow to US$XX Million by 2022, at a CAGR of XX% during the forecast period. High level of industrialization in Europe’s meat and dairy industries is the fundamental reason behind the enormous size of the ruminant feed market in the region. Growing awareness about animal health, changing food habits and rising awareness about the side-effects of chemical additives in processed meat has helped the market to grow by volume and advance technologically.

Market Dynamics:

Worldwide increased demand for proteins and increasing domestic production of red meat has helped the ruminant feed industry. Red meat has a prominent place in several European cuisines, due to religious and cultural reasons. Thus, the size of ruminant feeds market in the region has always been huge. Rising awareness in the meat industry regarding the importance of animal diet and growing research on the most optimum combination of nutrients, by quantity as well as type, has helped the ruminant feed industry to thrive in the region. The cost of feed lies between 35% to 50% of the meat or milk produced by the cattle. It is an inevitable part of animal husbandry. Apart from providing adequate nutrition, ruminant feeds, to some extent, also help in reducing healthcare costs, by improving digestion, adjusting the pH of the gut and bringing metabolism to an optimal rate.

Market Segmentation:

On the basis of Ingredients, the market is divided into Cereals, Cereal by- products, Oil, Oilseed Meals, Molasses, Supplements and others. Cereals have the largest market share. On the basis of supplements, the market is classified into Vitamins, Amino Acids, Antibiotics, Enzymes, Anti-oxidants, Acidifiers, Probiotics & Prebiotics and others. Amino Acids hold the largest market share, while the anti-oxidants are expected to show the fastest growth.

Geographical Analysis:

Germany, Spain, Netherlands, Greece, France and the United Kingdom are the prominent players in the European Ruminant feed market, with Germany having the largest market share, followed by France, the United Kingdom and Netherlands. Recent reports have shown that although the total number of cattle has remained almost constant in Europe there has been a substantial increase in the production of raw milk. This has happened because of the consistent innovation in the ruminant feed market o f the continent.

Key Players

Some of the key players in the industry include Weston Milling Animal Nutrition (Australia), New Hope Group (China) and Cargill Inc.(U.S.).