DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Europe Middle East and Africa (EMEA) Feed Additives Market - Forecasts from 2017 to 2022" report to their offering.
Europe Middle East and Africa (EMEA) feed additive market is projected to reach US$ 10.690 billion by 2022, increasing from US$ 8.051 billion in 2016, growing at a CAGR of 4.84% during this period.
Factors like expanding poultry and dairy industry coupled with rising disposable income augments the feed additive market growth in EMEA region. Moreover, the rising health concern with growing aging population, especially in Europe, further propels the market growth.
The focus of Middle East has shifted to animal husbandry owing to ecological instability which, in turn, creates opportunities for international players while boosting the market growth in this region. In addition to this the easy trade policy adopted by EU nations enhances the export animal products which, in turn, contribute to the market growth. However, ban on antibiotics in Europe and high regulatory risk in EMEA do hamper the market growth.
The German and Italian feed additive market is expected to grow at a high rate owing to their influential and developed market coupled with country's high per capita income level. Moreover, the players in this region are highly focused in product innovation and product extension while attracting customers and escalate the market growth.
Key industry players profiled as part of this section are Cargill Incorporated, BASF SE, Novozymes, Adisseo France SAS, Nutreco, Chr. Hansen, Evonik Industries, Archer Daniels Midland Company, Alltech Inc. and Elanco Animal Health.
By Product Type
- Amino Acid
- Aquatic Animals
For more information about this report visit https://www.researchandmarkets.com/research/9tdmp6/europe_middle