Europe Animal Feed Micronutrients Market was worth USD 321.32 Million in 2020 and is expected to reach USD 419.53 Million by 2025 with a CAGR of 6.2 %. The Europe Animal Feed Micronutrients Market is increasing at a tremendous pace because of its large population and increasing economies in developing countries.
Animal Feed Micronutrients are important animal feed additives for improving animal feed quality to produce high quality animal products like milk, wool etc. and also for the good health of pet animals. Animal Feed micronutrients are becoming famous essentially because of the greater performance and growing applications, for example, development promoter, prevention, and cure of illnesses, for amplifying reproduction rate and for improving feed digestibity in animals.
Growing expenses on animal wellbeing, Rising interest of owning pet animals, and wellness combined with success of animal feed micronutrients in development and fertility of the animals are some of the major factors driving the Europe animal feed micronutrients market. Furthermore, the rising demand for animal protein from milk and meat delivering cattle combined with recent illness epidemic in cattle is further driving the Europe animal feed micronutrients market.
The critical dosage use of animal feed micronutrients and lack of awareness about the advantages of micronutrients among uneducated and poor farmers are major factors restraining the Europe animal feed micronutrients industry.
Based on different types of Micronutrients, Market is segmented into
Based on use of Micronutrients by different livestock, Market is segmented into Ruminant, Poultry, Aqua, Swine, and Equine.
Geographically, this market is further segmented in to
Spain is increasing at a high CAGR because of its demand for quality rich food. It has developed economy and growing demand for protein rich food.
Major Key Players In Market:
Major companies operating in the Europe market include Archer Daniels Midland Company (ADM), Balchem Corp., Lallemand Inc, Alltech Inc., Cargill Inc., Novus International Inc., Kemin Industries Inc., Zinpro Corporation, Nutreco N.V. and Qualitech Inc.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.6 Y-o-Y Growth Analysis, By Type
5.1.7 Market Attractiveness Analysis, By Type
5.1.8 Market Share Analysis, By Type
5.2.7 Y-o-Y Growth Analysis, By Livestock
5.2.8 Market Attractiveness Analysis, By Livestock
5.2.9 Market Share Analysis, By Livestock
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
18.104.22.168 By Geographical Area
22.214.171.124 By Type
126.96.36.199 By Livestock
6.1.4 Market Attractiveness Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Type
220.127.116.11 By Livestock
6.1.5 Market Share Analysis
18.104.22.168 By Geographical Area
22.214.171.124 By Type
126.96.36.199 By Livestock
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Archer Daniels Midland Company (ADM)
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Qualitech Inc.
8.3 Kemin Industries Inc.
8.4 Nutreco N.V.
8.5 Zinpro Corporation
8.6 Balchem Corp.
8.7 Cargill Inc.
8.8 Novus International Inc.
8.9 Lallemand Inc
8.10 Alltech Inc.
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures