Europe Feed Acidifiers Market Trends

Statistics for the 2023 & 2024 Europe Feed Acidifiers market trends, created by Mordor Intelligence™ Industry Reports. Europe Feed Acidifiers trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Market Trends of europe feed acidifiers Industry

Europe is 3rd largest exporter of poultry meat and broiler meat production accounted for 82.6% of poultry meat production which is expected to drive the demand for poultry production

  • Europe is a prominent global poultry meat producer and exporter, and it had an estimated annual poultry meat production of approximately 13.4 million metric tons in 2021. Despite being the second-most consumed meat in the region at 26.9 kg per capita per year, European poultry production has not kept pace with rising global demand. The largest poultry meat producers in the European region include Poland (accounting for 19.2% of production, or 2.5 million metric tons), France (12.5%, or 1.6 million metric tons), Spain (12.3%), Germany (12%), and Italy (10.4%).
  • Within the European Union, broiler meat production constituted the majority (82.6%) of total poultry meat production in 2021, followed by duck meat at 3.3%. Europe's poultry flock numbered approximately 2.45 billion birds in 2021, with Russia, France, the Netherlands, Ukraine, Poland, and the United Kingdom collectively comprising more than 50% of the population. The layer sub-segment is experiencing growth across Europe due to increased egg consumption, which rose to 6,135 thousand metric tons in 2021 from 5,864 metric tons in 2017.
  • As the fourth-largest importer and the third-largest exporter of poultry meat, Europe is a significant participant in the global poultry meat market. In 2021, the European Union exported roughly 2,252 thousand metric tons (carcass weight) of poultry meat to various countries, including the United Kingdom, Ghana, and Ukraine. The rising production of poultry birds, increasing demand for poultry products, and growing consumption of eggs are expected to be the key drivers of market growth in Europe.
Europe Feed Acidifiers Market

High demand for fish feed which accounted for 82% and surge in seafood imports had a negative impact on compound feed for aquaculture

  • In 2022, Europe held a significant share of 8.0% in the global aquaculture compound feed production, with a production volume of 4.5 million metric tons. Compound feed production saw a notable increase of 15% between 2018 and 2022, driven by the growing demand for nutrient-balanced feed to reduce disease risk and improve feed efficiency. However, aquaculture feed production observed a decline of 21.2% in 2018, which may have been influenced by the surge in seafood imports and the relatively low prices of imported seafood, impacting the European compound feed market in 2018.
  • The major aquaculture feed producers in Europe are Turkey, the United Kingdom, the Netherlands, Spain, Italy, and France, and the region produced 17.4 million metric tons of aquaculture species in 2021, indicating a growth of 1.7% since 2018. The growth was attributed to the rise in population and per capita seafood consumption, which is driving aquaculture production in the region. This, in turn, propels the demand for compound feed, which is expected to increase by 18.2% during the forecast period (2023-2029).
  • Fish feed dominated aquaculture feed production, accounting for 82% share in 2022, followed by shrimp feed and other aquatic species feed, with shares of 4.3% and 13.7%, respectively, in the region. Fish food is the most consumed aquatic food across the region, and it is highly produced in comparison to other aquatic species. The expanding aquaculture industry, the rising demand for seafood and aquaculture products, and the growing awareness regarding quality meat are the major factors augmenting the growth of the market studied.
Europe Feed Acidifiers Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Europe's diary sector is witnessing growth and beef meat is the third largest meat consumed in the region which is contributing to the growth of ruminants population
  • Avian influenza outbreak and Russia- Ukraine war had negative impact on feed production but growth in poultry population has increased the demand for poultry feed
  • African swine fever (ASF) epidemic in the eastern EU countries and high cost of grains had a negative impact during 2020-2021 and increasing swine population will increase the demand for producing swine feed
  • Spain's pig population was 24.3% of the Europe's pig population and government support in Hungary for rearing is further helping in increasing the demand for swine
  • Government funding and lower financial risks are helping in increasing the production of ruminants feed but animal welfare policies and increasing utility costs are restrains for region

Europe Feed Acidifiers Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029