European Ruminant Feed Market - Trends and Forecasts (2017 - 2022)
The European ruminant feed market has been estimated at USD XX billion in 2015 and is projected to reach USD XX billion by 2020, at a CAGR of XX% during the forecast period from 2015 to 2020. Demand for compound feed in cattle meat production is expected to remain constant in Europe. The demand for ruminant feed is high due to the industrialization of dairy and meat. The main drivers are huge meat consumption and production in Europe due to high consumption of red meat, and awareness of importance of proper diet for animals. The factor restraining the industry is the increasing cost of raw materials. The increasing consumption of cattle feed is creating opportunities for the cattle feed additives and organic feed. The manufacturers are developing innovative production techniques to increase the production capacity and reduce the cost of production. It is estimated that the cost of feed for cows and buffalos is nearly 35% to 50% of the overall milk and meat output. Ruminant feed, as a result, plays an important role by reducing the feed input cost for livestock producers in two ways: firstly, it improves the cattle digestive system by pH shift and metabolic modification, and secondly, it improves and maintains growth of the animal by providing important nutrients such as amino acids and vitamins. The key players in the European market include ForFarmers, De Hues, Ewos Group, Nutreco NV, Archer Daniels, Alltech Inc., Land O Lakes, and Cargill Inc. To gain market share, these companies are adapting numerous market strategies like innovative product development, partnerships, mergers & acquisitions, and expansion of existing facilities. Key Deliverables in the Study Market analysis for the European Ruminant Feed Market, with region specific assessments and competition analysis. Market definition along with the identification of key drivers and restraints. Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market. Extensively researched competitive landscape section with profiles of major companies along with their market shares. Identification and analysis of the macro and micro factors that affect the European Ruminant Feed Market A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market. Insights on the major countries/regions in which this industry is blooming and identification of the regions that are still untapped.