Europe Liquid Feed Supplements Market was valued at USD 1.08 billion in 2021 and is estimated to be growing at a CAGR of 5.65%, to reach USD 1.42 billion by 2026. The market is expected to grow significantly in the forecasting period. It continues to prosper with the development in the animal healthcare sector. Liquid feed supplements are the artificial food substances added to the daily diet of animals. They contain protein, minerals and other nutrition which are needed for healthy living of the animals. Liquid feed supplements are added in the daily food of pigs, cows, bulls, chickens and aquatic animals. They are present on the molasses which serve as the carrier medium for providing energy to the livestock and also develop food palatability.
Europe Liquid Feed Supplements Market Drivers:
The major factors which drive the growth of Europe Liquid Feed Supplements Market are the increasing healthcare measures taken for pet animals as well as livestock animals, rising demand for meat and the growing concern for quality of meat as well as other animal products. The major factors restraining the growth of this market are the lack of awareness in some regions and regulations imposed by government as well as private agencies.
Europe Liquid Feed Supplements Market – By Type:
Europe Liquid Feed Supplements Market – By Source:
wherein the Molasses segment holds the highest share among all others.
Europe Liquid Feed Supplements Market – By Livestock:
The ruminants segment holds the highest share for liquid feed additives owing to rising meat consumption lately.
On the basis of geography, the market is analysed under various regions namely Germany, Spain, Netherlands, U.K and Denmark. The countries in this region have experienced a rise in meat consumption and usage of other animal products thus leading to growing demand for Liquid Feed Additives Market.
Some of the major companies dominating the market, by their products and services are Cargill Inc., Wesway Products, Cattle-Lac Liquid feed and Midwest liquid feeds.
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