Europe's liquid feed supplements market was valued at USD 1.21 billion in 2023 and is anticipated to reach USD 1.28 billion in 2024 from USD 1.98 billion by 2032, growing at a CAGR of 5.65% from 2024 to 2032.
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 artificial food substances added to the daily diet of animals. They contain protein, minerals, and other nutrients that are needed for the healthy living of the animals. Liquid feed supplements are added to the daily food of pigs, cows, bulls, chickens, and aquatic animals. They are present in the molasses, which serves as the carrier medium for providing energy to the livestock and also develops food palatability.
The major factors that drive the growth of the European 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 the 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.
wherein the Molasses segment holds the highest share among all others.
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 analyzed under various regions, namely Germany, Spain, the Netherlands, the 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.
Some of the major companies dominating the market by their products and services, are Cargill Inc., Westway Products, Cattle-Lac Liquid Feed, and Midwest Liquid Feeds.
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