United Kingdom Compound Feed Market - Growth, Trends and Forecasts (2020 - 2025)

The market for compound feed in the United Kingdom is projected to register a CAGR of 3.9% during the forecast period. The growing demand for meat increased awareness regarding quality meat and milk products and increased livestock production are the factors augmenting the growth of the market studied. Additionally, the United Kingdom gained access to Taiwan for pig meat exports in 2018, which is further expected to allow the pig and pork producers to capture the potential export market space. Thus, this is expected to boost the demand for compound feed for pigs, domestically. Poultry segment dominates the market owing to the demand from the consumer end leading to higher production. Some of the leading players in the market are Cargill, Incorporated, Alltech Inc., ABN, Midland Feeds, and For Farmers.

Key Market Trends

Increasing Demand for Animal Sourced Products

The per capita consumption of meat and other animal products has increased rapidly, as it is actively considered as an important source of nutrition/protein. According to the Organisation for Economic Co-operation and Development (OECD), poultry meat is the highest consumed followed by pork in the country. In 2016 the per capita consumption of poultry meat was 27.1 Kg which has increased to 28.3 by 2019. Also, in 2016 pork consumption was 17.2 which has slightly decreased to 17 Kg by 2019. According to the latest data released by The Department for Environment, Food and Rural Affairs (Defra), in April 2020, United Kingdom clean pig slaughter totaled 910,300 head, 2% more than in April 2019, with the meat quantity amounting to 81700 tons which is a 4% increase during the same period. Growth pork meat is a result of the campaigns and promotions over the previous two years for British pork, as a convenient and healthy midweek meal. This will further drive the market for animal feed during the study period.

Poultry Segment Dominates the Market

Meat products are growing rapidly due to the increasing health concern which is driving the commercial livestock production. According to the Food and Agriculture Organisation((FAO), in 2016 the poultry bird population was 167.3 million heads which increased to 184.3 million heads in 2018. According to the Agriculture and Horticulture Development Board (AHDB), in 2019, feed production in the country increased by 2.0% for poultry. An increase in demand for meat has led to the growth in production thereby, boosting the growth of the compound feed market. The rising demand for animal products and processed meat has created an opportunity for feed manufacturers to enhance animal productivity. The European Feed Manufacturers’ Federation (FEFAC) estimated that in 2018 the production of compound feeds in the United Kingdom at 16.79 million metric tons, an increase of 3.3% from 16.26 million metric tons in 2017.

Competitive Landscape

Leading companies focused on acquiring feed mills and small manufacturing for expansion of the business in local as well as foreign markets. Some of the players have been expanding their geographical presence by acquiring or merging with the manufacturers in the foreign market. The leading companies focused on the expansion of the business across regions and setting up a new plant for increasing production capacity as well as a product line. The companies are also increasing production capacities of their existing plants. Some of the leading players in the market are Cargill, Incorporated, Alltech Inc., ABN, Midland Feeds, and For Farmers.

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