Europe Feed Phytogenics Market
Europe is the major market for feed phytogenics in terms of consumption. Feed Phytogenics are being used as productivity enhancers in livestock; hence, market is modern and highly regulated especially in Western parts of the region. The future of the feed phytogenics market in Europe is very bright because various governments are increasingly focusing on feed cost reduction and boosting animal productivity. Market for Europe is recorded as $217.2 Million in 2015 and expected to accelerate a CAGR of 4.0% during the forecast period.
Ban on antibiotics and search for other alternatives are the major drivers of this market. Increasing meat consumption, food safety concerns and improving meat prices in the European continent are important drivers for the growth of the compound feed market. Standardization and regulatory initiatives from the EU are also affecting growth in the eastern and central parts of Europe. Government imposed regulations put pressure on the manufacturers to search for cheaper, safer and effective raw materials.
Spain, U.K and France are the major markets accounting for around 44% of the total market volume. The feed phytogenic market in Russia is in a developing stage and the consumption of feed is expected to grow at a healthy rate during the forecast period. The regulations imposed by EU and local Governments on the meat industry have posed a challenge in front of feed industry to search for effective cheaper raw materials. Another major challenge in front of the feed industry is rising cost of raw materials. Major players in the region are strategizing to expand the business in Asia-Pacific region either by mergers or acquisitions of feed mills, small manufacturers etc.
Herbs and spices are the second most prefered additives. They are chosen in animal nutrition, as they improve the palatability, enhance the digestibility and nutrient absorption.
Key players involved in the production of Feed Phytogenics are Delacon, biomin, DuPont, Kemin etc. All these companies are investing huge amounts in R&D focusing on new and innovative products and also for the publicity of such products. Mergers, Acquisitions and Partnerships are some of the common strategies employed by the companies to increase the range of their products and thus expand their market share.
Market Definition for the specified topic along with identification of key drivers and restraints for the market
Analysis for the Europe Feed Phytogenics Market, with region specific assessments and competition analysis on a regional scale
Segment-level analysis in terms of application and end-user demand
Forecasts and estimations for the sub-segment level market
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies, which can influence the market on a global and regional scale
Identification and analysis of the exogenous and endogenous factors such as macro and microeconomic variables that affect the Europe Feed Phytogenics Market on both global and regional scale
Extensively researched competitive landscape section with profiles of key players along with their share of markets
A comprehensive analysis of recent organic and inorganic developments in the market by the major companies, and strategic benchmarking of developments
Scope of the Study:
Comprehensive overview of the Feed Phytogenics Market
Competitive intelligence regarding the major players in this industry and the strategies adopted by them
Insights about the major countries/regions in which this industry is blooming and also identifies the regions which are untapped
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