Market Size of Europe Feed Antibiotics Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 2.80 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Europe Feed Antibiotics Market Analysis
The Europe Feed Antibiotics market is projected to register a CAGR of 2.8% during the forecast period(2020-2025). The increase in consumer awareness and acceptance, regarding the convenience of meat products has created the demand for quality feed and in turn, drives the market. The growing trend of commercial production of livestock will lead to the higher use of compound feed which will in turn drive the market for antibiotics. The government's ban on indiscriminate use of antibiotics might hinder the use of antibiotics in the animal feed. However, the conscious inclusion of antibiotics on a medication prescribed by the veterinarian will impact the market positively. Alltech. Inc., Borregaard AS, Boehringer Ingelheim Denmark A / S, and Elanco are some of the leading players in the studied market accounting for the majority of the market share.
Europe Feed Antibiotics Industry Segmentation
Antibiotics in livestock are used to treat and prevent disease in the livestock. Despite the increasing concern regarding the antimicrobial resistance in humans due to the use of antibiotics in livestock, meat consumption is increasing every year. This growing demand for meat is increasing production with an increase in the treatment of livestock with antibiotics.
Type | |
Tetracyclines | |
Penicillins | |
Sulfonamides | |
Macrolides | |
Aminoglycosides | |
Cephalosporins | |
Others |
Animal Type | |
Ruminants | |
Poultry | |
Swine | |
Aquaculture | |
Others |
Geography | |
United Kingdom | |
Spain | |
Italy | |
Germany | |
France | |
Russia | |
Rest of Europe |
Europe Feed Antibiotics Market Size Summary
The Europe Feed Antibiotics market is experiencing a steady growth trajectory, driven by increasing consumer awareness and the demand for high-quality feed to support the commercial production of livestock. This trend is further bolstered by the rising consumption of meat products, which necessitates the use of compound feed enriched with antibiotics to enhance livestock health and nutrient intake efficiency. Despite regulatory challenges, such as the European Parliament's restrictions on the prophylactic use of antibiotics in animal feed, the market is positively influenced by the veterinary-prescribed inclusion of antibiotics. Key players like Alltech, Inc., Borregaard AS, Boehringer Ingelheim Denmark A/S, and Elanco dominate the market, leveraging strategies such as mergers, acquisitions, and investments in research and development to maintain their competitive edge.
The market's growth is also supported by the increasing livestock and poultry populations in the region, which drive the demand for industrial compound feed. Countries like Germany, Spain, and France lead in feed production, with Germany excelling in cattle and pig feed and France in poultry feed. The consolidation of the market is evident with major companies holding significant market shares, and their strategic expansions and innovations continue to shape the industry's landscape. As the demand for quality feed with antibiotics persists, the market is poised for further development, balancing regulatory compliance with the need for efficient livestock production.
Europe Feed Antibiotics Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Force Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Tetracyclines
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2.1.2 Penicillins
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2.1.3 Sulfonamides
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2.1.4 Macrolides
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2.1.5 Aminoglycosides
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2.1.6 Cephalosporins
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2.1.7 Others
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2.2 Animal Type
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2.2.1 Ruminants
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2.2.2 Poultry
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2.2.3 Swine
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2.2.4 Aquaculture
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2.2.5 Others
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2.3 Geography
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2.3.1 United Kingdom
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2.3.2 Spain
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2.3.3 Italy
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2.3.4 Germany
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2.3.5 France
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2.3.6 Russia
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2.3.7 Rest of Europe
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Europe Feed Antibiotics Market Size FAQs
What is the current Europe Feed Antibiotics Market size?
The Europe Feed Antibiotics Market is projected to register a CAGR of 2.80% during the forecast period (2024-2029)
Who are the key players in Europe Feed Antibiotics Market?
Boehringer Ingelheim Denmark A / S , Elanco , Cargill, Incorporated., Alltech. Inc and Borregaard AS are the major companies operating in the Europe Feed Antibiotics Market.