Poultry Feed is the food offered to the farm poultry, including chicken, turkey, and other domestic birds. Poultry feed formulates from a broad range of potential ingredients mixed to meet the nutrient profile needed for animals at their different growth stages.
The Europe Poultry Feed Market is likely to grow at around 5.5% CAGR during the forecast period, i.e., 2021-26, says the author. Poultry feed is a crucial part of the poultry market. The market growth primarily attributes to the rise in poultry consumption coupled with the increasing consumer spending capacity.
The research report, “Europe Poultry Feed Market Analysis, 2021,” also states that the immense popularity of the Poultry Feed Market in Europe further owes to the abundant availability of wide-range & better quality products in the region. Moreover, population growth and urbanization are a few other factors that are likely to promulgate the demand for poultry products in Europe, thereby fueling the overall market growth.
The lockdown imposition, shutdown of manufacturing units, and travel restrictions have adversely affected various industries across different countries, and the Europe Poultry Feed Market was no exception. The market witnessed a negative impact on its growth rate, primarily due to volatile feed prices and foodservice sector disruptions. The supply chain & logistic disturbances severely affected the overall market growth. Further, food services closure during lockdown was another contributing factor to the declining demand for poultry products, which ultimately affected the poultry feed market.
However, with the lockdown upliftment and ease of norms for business operations, many organizations are currently going through the renewal & recovery phase. With this, the Europe Poultry Feed Market is also recovering and is likely to witness significant growth in the coming future, owing to the increasing production & demand for poultry feeds.
The producers have also started shifting their production trends to meet the rapidly increasing demand for meat. According to Eurostat, the EU produced 13.3 million tons of poultry meat in 2019, representing a slight increase of 0.8% in production. It pushed EU production 2.8 million tons above the level recorded in 2010, which is a cumulative rise of around 27%. Thus, based on these aspects, the meat production in the region is likely to propel in the coming years, which, in turn, would aid poultry feed production and boost the European Poultry Feed Market.
Mounting raw material prices is the biggest challenge faced by poultry feed manufacturers. Feed acids, vitamins, and antioxidants are well-extracted from natural sources, such as seeds, plant leaves, and tree bark. The surging cost of extraction from these natural sources entwined with stringent norms regarding wastewater treatment & waste biomaterials are likely to hinder the market growth.
According to the publishers, the leading industry players in the Europe Poultry Feed market are Archer Daniel Midland Co., AG Chemi Group, Cargill Inc., Alltech, Evonik Industries AG, Trouw Nutrition, Novozyme + DSM Nutritional Products, Du Pont, BASF, and Others (Nusana).
1. What are the overall market statistics or estimates (Market Overview, Market Size- by Value, Forecast Numbers, Market Segmentation, and Market Shares) of the Europe Poultry Feed Market?
2. What are the region-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in Europe Poultry Feed Market?
4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Europe Poultry Feed Market based on a competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the Europe Poultry Feed Market study?
The Europe Poultry Feed Market is likely to grow at around 5.5% CAGR during the forecast period, i.e., 2021-26, says the author. Poultry feed is a crucial part of the poultry market. The market growth primarily attributes to the rise in poultry consumption coupled with the increasing consumer spending capacity.
The research report, “Europe Poultry Feed Market Analysis, 2021,” also states that the immense popularity of the Poultry Feed Market in Europe further owes to the abundant availability of wide-range & better quality products in the region. Moreover, population growth and urbanization are a few other factors that are likely to promulgate the demand for poultry products in Europe, thereby fueling the overall market growth.
Covid-19 Impact on Europe Poultry Feed Market
The lockdown imposition, shutdown of manufacturing units, and travel restrictions have adversely affected various industries across different countries, and the Europe Poultry Feed Market was no exception. The market witnessed a negative impact on its growth rate, primarily due to volatile feed prices and foodservice sector disruptions. The supply chain & logistic disturbances severely affected the overall market growth. Further, food services closure during lockdown was another contributing factor to the declining demand for poultry products, which ultimately affected the poultry feed market.
However, with the lockdown upliftment and ease of norms for business operations, many organizations are currently going through the renewal & recovery phase. With this, the Europe Poultry Feed Market is also recovering and is likely to witness significant growth in the coming future, owing to the increasing production & demand for poultry feeds.
Market Driver
Burgeoning Meat Production to Boost the Market Growth
The producers have also started shifting their production trends to meet the rapidly increasing demand for meat. According to Eurostat, the EU produced 13.3 million tons of poultry meat in 2019, representing a slight increase of 0.8% in production. It pushed EU production 2.8 million tons above the level recorded in 2010, which is a cumulative rise of around 27%. Thus, based on these aspects, the meat production in the region is likely to propel in the coming years, which, in turn, would aid poultry feed production and boost the European Poultry Feed Market.
Market Challenge
Rising Raw Material Prices Might Hamper the Market Growth
Mounting raw material prices is the biggest challenge faced by poultry feed manufacturers. Feed acids, vitamins, and antioxidants are well-extracted from natural sources, such as seeds, plant leaves, and tree bark. The surging cost of extraction from these natural sources entwined with stringent norms regarding wastewater treatment & waste biomaterials are likely to hinder the market growth.
Competitive Landscape
According to the publishers, the leading industry players in the Europe Poultry Feed market are Archer Daniel Midland Co., AG Chemi Group, Cargill Inc., Alltech, Evonik Industries AG, Trouw Nutrition, Novozyme + DSM Nutritional Products, Du Pont, BASF, and Others (Nusana).
Key Questions Answered in the Market Research Report:
1. What are the overall market statistics or estimates (Market Overview, Market Size- by Value, Forecast Numbers, Market Segmentation, and Market Shares) of the Europe Poultry Feed Market?
2. What are the region-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in Europe Poultry Feed Market?
4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Europe Poultry Feed Market based on a competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the Europe Poultry Feed Market study?
Table of Contents
1. Introduction
5. Europe Poultry Feed Market Dynamics
9. Europe Poultry Feed Market Outlook, 2016-2026F
10. The UK Poultry Feed Market Outlook, 2016-2026F
11. The Netherlands Poultry Feed Market Outlook, 2016-2026F
12. France Poultry Feed Market Outlook, 2016-2026F
13. Spain Poultry Feed Market Outlook, 2016-2026F
14. Italy Poultry Feed Market Outlook, 2016-2026F
15. Germany Poultry Feed Market Outlook, 2016-2026F
16. Poland Poultry Feed Market Outlook, 2016-2026F
17. Ukraine Poultry Feed Market Outlook, 2016-2026F
18. Competition Outlook
Companies Mentioned
- Archer Daniel Midland Co.
- AG Chemi Group
- Cargill Inc.
- Alltech
- Evonik Industries AG
- Trouw Nutrition
- Novozyme + DSM Nutritional Products
- Du Pont
- BASF
Methodology
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