Europe Feed Mineral Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report – Segmented By Type, Animal Type, And By Country (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe) - Industry Analysis From 2024 to 2029

Published: January, 2024
ID: 1059
Pages: 145

Europe Feed Mineral Market Size (2024 to 2029):

The European feed mineral market is expected to reach USD 1.74 billion in 2024 and USD 2.36 billion by 2029, growing at a CAGR of 6.29% from 2024 to 2029.

Minerals are supplements comprised of animal feeds for ideal growth, development, general well-being, and deterrence of illnesses in livestock.

Vital trace elements and minerals that are not sufficiently generated in the body need to be added to the feeds externally for enhanced quality of animal-derived products. They accomplish several tasks, such as bone development, controlling acid-base balances, muscle contraction, and enzyme stimulation.

The growth of the Europe feed mineral market is majorly driven by factors such as growing demand for mineral-rich animal meat, rising intake of meat, and growing adoption of scientific methods to increase meat production. However, factors such as strict regulations on the usage of certain minerals in the European Union (EU) and the rising cost of raw materials are hampering the growth of the market in this region.

This research report on the European feed mineral market is segmented and sub-segmented into the following categories.

Europe Feed Mineral Market – By Macro Minerals:

  • Potassium
  • Phosphorous
  • Magnesium
  • Calcium

Europe Feed Mineral Market – By Micro Minerals:

  • Zinc
  • Iron
  • Copper
  • Macro Minerals

Europe Feed Mineral Market – By Animal Type:

  • Poultry
  • Aquaculture
  • Swine
  • Ruminant
  • Others

Europe Feed Mineral Market – By Country:

  • UK 
  • France 
  • Spain 
  • Germany 
  • Italy 
  • Russia 
  • Sweden 
  • Denmark 
  • Switzerland 
  • Netherlands 
  • Turkey 
  • Czech Republic 
  • Rest of Europe

Europe is the second largest market due to the high intake of meat products. U.K, Spain and Germany are the largest markets in this region. The poultry segment is emerging as the principal livestock division for the utilization of feed minerals due to the increase in demand for poultry meat and altering consumer predilections. However, the European Food Safety Authority is striking a limit on the usage of certain minerals, thereby hampering its growth.

KEY MARKET PLAYERS:

The major players in the market are fixated on broadening their distribution networks to cater to the wider market. Investment in the production process is another tactic adopted by manufacturers to decrease expenses. The major companies dominating the Feed Mineral market in this region are Royal DSM, Cargill Inc., Nutreco NV, Archer Daniels Midland, and Tanke Biosciences Corp.

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