Europe Compound Feed Market is projected to grow at a CAGR of 4.3% during the forecast period (2020-2025). The market is witnessing favorable trends, such as rising demand for high protein diets, especially in the Russian and German economies where per capita income is increasing rapidly. The European compound feed market is dependent on the type of feed, type of animal/livestock, and the regulatory structure in the market. Animal disease outbreaks have resulted in increased concern over meat quality and safety, and are driving the growth of feed for better animal health and disease protection.
Key Market Trends
Growing Demand for Meat and Aquaculture Products
The economic downturn has had a very limited effect on the European meat market, which has maintained its positive outlook. The highest growth for meat consumption is expected from Germany, France, Spain, and the United Kingdom because of changing diet patterns, population, and economic growth. Fish are low in fats, cholesterol, and carbohydrates. Although not very high in protein, fish also provide essential vitamins and amino acids. The demand for seafood is increasing rapidly as more and more people are becoming aware of the health benefits of fish consumption. Increasing European population trends are also supporting the growth of the world meat and seafood market where the European union's population increased from 511.21 in 2016 to 513.21 in 2018. Increasing life expectancy and limited availability of land and water resources for animal feed production, and increasing use of these resources for food and ethanol production are increasing the demand for animal feed in the European meat industry.
Spain Dominates the Market
The demand for meat protein is rising in the European region especially in Germany, Spain, Russia, United Kingdom, etc. with rapid economic growth in the region. This increased demand for meat protein has triggered meat production in the region, where uptake of compound feed has increased and is expected to show a healthy growth rate. Apart from improving nutritional value compound feed is gaining importance for their role in meat quality improvement. Farm animals in Europe consume an estimated 478 million tonnes of feed a year, of which about 156 million tonnes are produced by compound feed manufacturers. ). The compound feed production of Europe can be broken down to mainly pig feed (35%), feed for broilers and laying hens (33%), and cattle feed (25%).
Competitive Landscape
The European compound feed market is concentrated with a few large players capturing a major share of the market. 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 presence in Europe by acquiring or merging with the manufacturers in the foreign market. The leading companies, such as Cargill, Incorporated, Alltech, Biomin, Kemin Industries, Inc, and ADM Animal Nutrition 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.
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Key Market Trends
Growing Demand for Meat and Aquaculture Products
The economic downturn has had a very limited effect on the European meat market, which has maintained its positive outlook. The highest growth for meat consumption is expected from Germany, France, Spain, and the United Kingdom because of changing diet patterns, population, and economic growth. Fish are low in fats, cholesterol, and carbohydrates. Although not very high in protein, fish also provide essential vitamins and amino acids. The demand for seafood is increasing rapidly as more and more people are becoming aware of the health benefits of fish consumption. Increasing European population trends are also supporting the growth of the world meat and seafood market where the European union's population increased from 511.21 in 2016 to 513.21 in 2018. Increasing life expectancy and limited availability of land and water resources for animal feed production, and increasing use of these resources for food and ethanol production are increasing the demand for animal feed in the European meat industry.
Spain Dominates the Market
The demand for meat protein is rising in the European region especially in Germany, Spain, Russia, United Kingdom, etc. with rapid economic growth in the region. This increased demand for meat protein has triggered meat production in the region, where uptake of compound feed has increased and is expected to show a healthy growth rate. Apart from improving nutritional value compound feed is gaining importance for their role in meat quality improvement. Farm animals in Europe consume an estimated 478 million tonnes of feed a year, of which about 156 million tonnes are produced by compound feed manufacturers. ). The compound feed production of Europe can be broken down to mainly pig feed (35%), feed for broilers and laying hens (33%), and cattle feed (25%).
Competitive Landscape
The European compound feed market is concentrated with a few large players capturing a major share of the market. 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 presence in Europe by acquiring or merging with the manufacturers in the foreign market. The leading companies, such as Cargill, Incorporated, Alltech, Biomin, Kemin Industries, Inc, and ADM Animal Nutrition 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.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned
A selection of companies mentioned in this report includes:
- Altech
- Biomin
- Kemin Industries, Inc.
- ADM Animal Nutrition
- Cargill, Incorporated
- ForFarmers
- BASF SE
- Nutreco NV
- Yara International ASA
Methodology
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