Increasing Demand for Meat to Drive Europe Animal Feed Additive Market to $ 2.6 Billion by 2023
Growing demand for protein rich diets,
industrialization of livestock production and technological advancements to
produce high-quality products to drive Europe animal feed additive market
through 2023
According
to TechSci Research report, “Europe Animal Feed Additive Market By Type, By Livestock, By Country, Competition Forecast
& Opportunities, 2013 – 2023’’, Europe animal feed additive market is projected
to surpass $ 2.68 billion by 2023, owing to growing consumer preference for
protein rich diets, which is resulting in huge consumption of animal meat. Europe
is witnessing a rise in demand for meat with higher nutritional value, thus
production of livestock is growing at a robust pace in the region, which in
turn is positively influencing the region’s animal feed additive market. The
ban on antibiotic growth by the European Commission is also fueling animal feed
additive market across the region.
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market data Figures and Tables spread through 60 Pages and an in-depth TOC on "Europe
Animal Feed Additive Market"
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Increasing
focus of manufacturers towards the dietary needs of animals, growing government
regulations pertaining to food safety, rising population, and increasing
consumer focus on staying fit and reducing risks of diet-related diseases are
some of the other key factors expected to boost demand for animal feed
additives in Europe over the coming years. Russia accounts for the largest
share in Europe animal feed additive market, mainly due to higher livestock
production compared to other countries. Owing to increasing per capita
consumption of meat and rising meat prices across the country, it is
anticipated that Russia would continue to dominate the market over the course
of next five years.
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“New livestock
producing areas are popping up across France, Spain and several other European countries.
Moreover, with growing demand for chicken meat, production of guinea, geese,
chicken, pigeons and other domesticated birds is increasing, which is expected
to result in lucrative opportunities for animal feed additive manufacturers
across the region in the coming years.”, said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Europe Animal Feed Additive Market By Type, By
Livestock, By Country, Competition Forecast & Opportunities, 2013 – 2023” has
evaluated the future growth potential of animal feed additive market and
provides statistics and information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in the Europe animal feed additive market.
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