Europe Animal Feed Micronutrients Market Outlook (2018 to 2032)

Year Value
2018 0.31
2019 0.33
2020 0.35
2021 0.37
2022 0.4
2023 0.42
2024 0.45
2025 0.48
2026 0.52
2027 0.55
2028 0.59
2029 0.63
2030 0.67
2031 0.71
2032 0.76
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Europe Animal Feed Micronutrients Market Outlook (2018 to 2032)

Synopsis
The above chart is Europe Animal Feed Micronutrients Market Outlook (2018 to 2032)

Market Dynamics

animal feed micronutrients are essential components of animal diets. they comprise minerals, vitamins and other trace elements. common micronutrient feed ingredients for poultry and livestock include zinc, copper and cobalt -micro-encapsulated, trace minerals and premixes. a deficiency in these minerals can affect the health, production and well-being of animals. growing demand for protein-rich diets amongst europeans, along with the increasing pressures brought on by increasing population, is driving demand for micronutrients in animal feed. the poultry and livestock industry has emerged as the dominating factor in the european market for animal nutrition, created attractive opportunities for feed micronutrients producers. producers of animal feed micronutrients are introducing new and innovative products, addressing the considerable demand for micronutrient products and products with specific qualities and effects in various segments of the market. european producers of animal feed micronutrients are looking to offer customized diets to animals, in order to ensure the maximum utilisation of feed ingredients. in the european animal feed micronutrients market, there has been increasing demand for bioavailable forms. improved bioavailability is providing new opportunities for producers to enhance the functionalities of their products. in addition, european companies are investing in analytical equipment to deliver improved levels of product traceability and quality control. with the aid of modern techniques for formulating and processing, the feed composition and quality has improved greatly in recent years. the utilization of synthetic additives in animal feed for health promotion is also playing a major role in the growth of the animal feed micronutrients market. the presence of large global players in the european market is indicative of growing interest across the region. meat and animal feed production have become large-scale enterprises in europe, offering improved conditions for the growth of animal feed micronutrient manufacturers. government regulations in terms of feed safety and quality requirements are also enabling producers to enhance the market potential of animal feed micronutrients in the region. further, the implementation of food safety standards, animal welfare regulations and public safety regulations are all expected to act as key drivers in the animal feed micronutrients market over the forecast period.

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