Europe Feed Premix Market has been estimated at USD 18.81 Billion in 2021 and is projected to reach USD 21.07 Billion by 2026, at a CAGR of 2.30% during the forecast period from 2021 to 2026. Feed premixes consist of different feed additives mixed with diluents that facilitate the rate of mixing. Feed premix ensures uniformity and homogeneity in feed for better nutrient availability. Premixing has progressed from the simple hand mixing of several ingredients to mechanical mixing, to continuous mixing, and now to computer controlled mixing. The premix industry is charged with the responsibility of manufacturing a high quality premix consistently, efficiently and economically.
Europe Feed Premix Market Drivers:
Increase in consumption of processed poultry will require continuous supply of high quality meat. This is driving the market for poultry which is in return driving the market growth of feed premixes. Also, with latest technologies that focuses on bettering the quality of the premixes, there is a constantly increasing demand for premixes. But, Europe has banned antibiotics as a growth promoter. Therefore, there has been a fall in the demand due to which market growth rate is affected.
Europe Feed Premix Market - By Ingredient Type:
Europe Feed Premix Market - By Livestock:
In type, Vitamins are the most widely used premix. The demand for feed premixes in poultry industry accounted for the largest share and is projected to be the fastest-growing segment.
The Market is Geographically divided into:
It has about a market share of 22% and is just trailing behind Asia-Pacific region. Europe is anticipated to grow steadily due to the increasing importance for animal health and wellness in the animal husbandry industry.
Existing companies such as DSM and Nutreco have been actively involved in acquisition of regional suppliers and ingredient manufacturers in these regions to strengthen their market presence.
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