Market Trends of Global Ruminant Feed Industry
This section covers the major market trends shaping the Ruminant Feed Market according to our research experts:
Government Regulations
The EFSA (European Food Safety Authority) guidance on efficacy panel which came into force on 1st September 2018, bring promising advantages to animal feed companies to broaden their product portfolios. The companies get an advantage of targeting the animal feeds to target species similar in the gastrointestinal functions or with similar level of metabolism. It allows the company to broaden their product portfolio for new species of animals.Tables shows comparision of physiologically related species.
Europe Dominates the Global Ruminant Feed Market
The growing global population, increasing per capita global consumption of meat, and the increasing adoption of intensive farming methods are the major factors driving the demand for ruminant feed. Europe is a matured market for ruminant feed, in terms of consumption. In the region, ruminant feed has long been used as productivity enhancers in livestock. Therefore, the regional market is modern and highly regulated, especially in Western Europe. The major countries in the market are Spain and Germany.
