Published on : Sep 01, 2017
Albany, New York, September 1, 2017: The demand for industrially processed animal feed will ultimately depend on the awareness of farmers on the importance of the product, size of animal population and development of modern animal farms. Recently, a new study titled “Prepared Animal Feed Markets in the Top 5 European Countries to 2021” has been broadcasted to the wide repository of Market Research Hub (MRH), which provides comprehensive analysis of the market covering historical data from 2010 to 2016 and forecasts until 2021.
Feed is considered to be a major component of the animal rearing as it adds significant cost to the production system. Animal feed is a kind of feed prepared for oxen, cows, sheep, goat, etc. reared for their milk and meat. It comprises minerals, protein and other nutrients which are useful for beef and milk production as well as survival and growth of the animals. The demand of feed for different animals varies with respect to socio-cultural dynamics, eating habits and economic importance of animals in the region. In most of the countries across world, poultry segment occupies a major share of overall feed production volume.
This study provides industry data on actual market situation and studies the market size of the prepared animal feed market in the top 5 European countries, in terms of volume and value. Additionally, how the market is predicted to develop in the future years are highlighted in detail. In the first part, the research presents overall market existence in some of the prime countries including France, Germany, Netherlands, Spain and United Kingdom. With increasing demand for milk and meat in the various regions of the world, the acceptance of feed as the major supplement in the animal diet is expected to increase further.
Moreover, the market data is given for the following product segments: Cat and dog food, Lucerne (alfalfa) pellets and meal; and other prepared animal feeds. For each product segment, the research provides estimations on the growth and demand until the end of 2021. The extensive forecast details make the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts and others.
The research further also identifies the key market players operating in this market. As per the research findings, the feed market is expanding, as the industry players are adopting advanced and innovative technologies for feed production. Through this information, the new entrants in the market can plan and develop marketing, market-entry, market expansion, and other business tactics by identifying the key market opportunities and prospects.
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