(Australia-NewsWire.Com, June 02, 2017 ) As per the syndicated report published by Market Data Forecast “Europe Animal Feed Micronutrients market” which is estimated to be USD 295.12 million in 2016 is poised to reach USD 395.25 million by 2021, at a CAGR of 6.3% from 2016 to 2021.
Growing expenses on animal wellbeing, Rising interest of owning pet animals, and wellness combined with success of animal feed micronutrients in development and fertility of the animals are some of the major factors driving the Europe animal feed micronutrients market. Furthermore, the rising demand for animal protein from milk and meat delivering cattle combined with recent illness epidemic in cattle is further driving the Europe animal feed micronutrients market. The critical dosage use of animal feed micronutrients and lack of awareness about the advantages of micronutrients among uneducated and poor farmers are major factors restraining the Europe animal feed micronutrients industry.
Animal feed micronutrients are important animal feed additives use widely for improving the quality of feed to enhance yield and overall cattle’s health. Animal feed micronutrients support complex functions in animal production and help in the improvement of enzyme system operation which is expected to exhibit a positive influence on the growth of the market. The capability of animal feed micronutrients to increase the weight of animals, especially swine, is likely to provide a positive scope for industry development. The utilization of the product leads to the yield of good quality meat, which is expected to drive the demand over the forecast period.
Europe Animal Feed Micronutrients market is segmented based on type of micronutrients and livestock as mentioned below for attaining a more granular perspective of the market. In the report each sub segment is provided with Market Size Estimations and Y-o-Y Forecasts.
Geographically, the market is segmented into U.K., Italy, France, Germany and Spain.The report justifies this by offering country wise data for the EU5 countries while taking some other predominant economies into consideration as well. Europe is growing rapidly due to its large population and increasing economic development.
Major companies operating in the Europe market include Archer Daniels Midland Company (ADM), Balchem Corp., Lallemand Inc, Alltech Inc., Cargill Inc., Novus International Inc., Kemin Industries Inc., Zinpro Corporation, Nutreco N.V. and Qualitech Inc.
The Animal Feed Micronutrients market study offers the following deliverables: • Regional and country-level analysis that provides an innate perspective of European region and the aforementioned countries • Meticulously identifying the key areas of market growth by providing market size forecasts and y-o-y estimations at a Segment-level analysis • Explanations of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics • Study of macro and micro environmental factors that affect the European market presented in the form of PESTLE and Porter’s Five Forces Analyses • Company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview of the key market players operating in the region • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies • Expertly devised Market Outlook - Investment opportunities to provide both individuals and organizations a strong financial foothold in the market. Enquire about the report: http://www.marketdataforecast.com/market-reports/europe-animal-feed-micronutrients-market-1908/inquire
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