Europe's Liquid feed market was valued at USD 2.50 billion in 2023 and is anticipated to reach USD 2.60 billion in 2024 from USD 3.59 billion by 2032, growing at a CAGR of 4.1% during the forecast period from 2024 to 2032.
Liquid supplements help farmers get the very most out of their valuable pastureland. The supplement stimulates beneficial bacteria in the cattle rumen, allowing the animal to break down grass roughage faster and easier. Organic proteins in the proper balance with non-protein nitrogen are used to ensure the highest utilization of feedstuffs.
Rapid economic development in the region and increasing demand for meat have led to a wide-scale usage of liquid feed supplements. Continuous increase in livestock population is causing an increase in demand for liquid feed supplement sources. These factors are fuelling the market growth in European countries.
But changing financial climate can affect the pricing of the products, which in turn can hinder the market growth.
Europe Liquid Feed Market By Country
Geographically European market for Liquid feed is segmented into Spain, France, Germany, Italy, the UK, Russia, and others. The European Liquid feed market is highly price-sensitive due to the large number of suppliers. Germany, Spain, and Russia are the major markets accounting for around 40% of the total market share. The European market is expected to grow at a CAGR of 4.1% as more farmers are becoming aware of the benefits of liquid feed, which are reduced labor and a comparatively cheaper availability of nutrients.
Quality Liquid Feeds and Archer Daniels Midland are the most active companies and have adopted research, investment and acquisition as the growth strategy. Other major companies in the European market include Cargill Inc., Westway Feed Products, Graincro, Liquid Feeds International, Midwest Liquid Feeds, Cattle-Lac Liquid Feed, Agridyne LLC, Ridley Corporation Ltd, Master Feeds and Revering (Australia) Pty Ltd.
Frequently Asked Questions
Europe's Liquid feed market is expected to be valued at USD 2.50 billion in 2023.
Leading contributors to the market share in Europe include Germany, Spain, and Russia.
Poultry is the leading segment in the European liquid feed market.
The European liquid feed market is expected to reach USD 3.60 billion by 2028, growing at a CAGR of 4.1% during the forecast period from 2023 to 2028.
Include Cargill Inc., Westway Feed Products, Graincro, Liquid Feeds international, Midwest Liquid Feeds, Cattle-Lac Liquid Feed, Agridyne LLC, Ridley Corporation Ltd, Master feeds and Revering (Australia) Pty Ltd.
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