Europe Poultry Feed Market was worth USD 2.04 billion in 2021 and estimated to be growing at a CAGR of 5.77%, to reach USD 2.7 billion by 2026. There has been an increase in the Poultry Feed Market in this region and this market is showing great potential in the forecast period in this region. Poultry Feed is the food given to the farm animals mainly, chickens, turkeys, or any other animals which give meat. The objective of poultry feed is to make the farm animals healthier so that they can provide better meat or other products, like eggs.
For poultry feed to be healthy, it should contain lots of protein and carbohydrates, along with a sufficient amount of vitamins, minerals, and adequate amount of water. With the increase in demand of meat and eggs, market has also grown a lot. Hence, the research to make better poultry feed has increased and there have been many developments since the early 2000s. Europe is the second largest market of poultry feed globally after North America and has a decent CAGR to remain at this place by 2023.
Europe Poultry Feed Market Drivers:
With most of the countries being developed in this region, per capita income of people here is pretty high, more urbanisation is taking place, mainly drivers moving to big cities, and increasing population, there has been an increase in demand of the animal protein, especially meat and eggs, hence triggering the increase in demand of poultry feed and additives. In addition, people’s increasing fondness of eating outside at fancy restaurants is also driving this market. There has also been an increase in poultry-related diseases in the recent past, so it is the factor that is concerning people and taking away from poultry products which affects the poultry feed market.
Feed acidifiers attribute to the largest share among all other poultry additive segments in this region.
The Europe region is geographically segmented into
Europe is one of the most lucrative markets for the growth of Poultry Feed market. Factors such as developed countries and good financial strength of people are the reason of this market being so much developed in this region.
Some of the major companies dominating the market, by their products and services include BASF (Badishce Anilin und Soda Fabrik) (Germany) and Evonik Industries AG (Germany).
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