Market Trends of Europe Feed Antibiotics Industry
This section covers the major market trends shaping the Europe Feed Antibiotics Market according to our research experts:
Rising Demand for Animal Sourced Proteins
Despite the increasing global concern regarding the antimicrobial resistance in humans due to the use of antibiotics in livestock, meat consumption is increasing every year. According to the Organisation for Economic Co-operation and Development (OECD), in Russia, poultry meat consumption is recorded to be highest. In 2016 poultry meat consumption was 29.5 Kg and I has increased to 31.7 Kg in 2019. The government is following strict regulations to monitor and regulate the usage of antibiotics. In 2018, the European parliament had set up new rules that ban prophylactic use of antibiotic medicated feed, and Metaphylactic use, i.e. treating the whole group of animals when one is infected, will be allowed only when the risk of spread of infection is high and there is no appropriate alternative. Also, medicated feed containing antibiotics is allowed on veterinarian prescriptions after a proper physical examination and diagnosis.
Increasing Feed Production Drives the Market
Regular use of antibiotics as feed additives can reduce the risk of disease and increase nutrient-intake efficiency. The improved efficiency gained through antibiotic use decreases the amount of feed. According to the Food and Agriculture Organisation (FAO), in 2016, cattle and buffaloes population in the region was 121.97 million as compared to 119.79 million in 2018. Also, the poultry population was 2412.68 million in 2016 which increased to 2470.54 million in 2018. Thus the growing population and health concern creates demand for quality feed which includes antibiotics. According to the European Feed Manufacturer's Federation (FEFAC), in 2018, the industrial compound feed production for farmed animals in the region reached an estimated level of 163.3 million metric tons a 1.8% higher than in 2017. Furthermore, in 2018, Germany, Spain, and France remain the three leading countries in terms of total compound feed production with 23.84 million metric tons, 24.25 million metric tons, and 20.84 million metric tons respectively. Germany is the leading cattle and pig feed producer with 7 million metric tons and 9.5 million metric tons of production. while France maintains its leading position as poultry feed producer with 8.6 million metric tons. The growing production of livestock coupled with increasing feed production will drive the market for feed premix.
