Market Trends of europe feed minerals 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 poultry meat producer and exporter. The region accounted for an estimated annual poultry meat production volume of approximately 13.4 million metric tons in 2021. Despite being the second-most consumed meat in the region (26.9 kg per capita per year), poultry production in Europe has not been able to keep up with the rising global demand. The largest poultry meat producers in the European region include Poland (accounting for 19.2% of the production volume or 2.5 million metric tons), France (12.5% of the production volume or 1.6 million metric tons), Spain (12.3% of the production volume), Germany (12% of the production volume), and Italy (10.4% of the production volume).
- Within the European Union, broiler meat production constituted the majority (82.6%) of the total poultry meat production in 2021, followed by duck meat (3.3%). Europe's poultry flock number was 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 total European poultry population. The number of hens in Europe is rising 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 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 a variety of countries, including the United Kingdom, Ghana, and Ukraine. Overall, the rising production of poultry birds, increasing demand for poultry products, and the growing consumption of eggs are expected to be the key drivers of market growth in the European region.
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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 accounted for 8% of the global aquaculture compound feed production, registering a production volume of 4.5 million metric tons. The production of compound feed witnessed a notable increase of 15% during 2018-2022, driven by the rising demand for nutrient-balanced feed to reduce the risk of diseases 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 lower prices of imported seafood. These factors impacted the compound feed market in 2018.
- The major aquafeed producers in the European region are Turkey, the United Kingdom, the Netherlands, Spain, Italy, and France. The region produced 17.4 million metric tons of aquaculture feed in 2021, recording a growth of 1.7% compared to 2018. This growth was attributed to the rise in population and per capita consumption of seafood, thereby driving aquaculture production in the region. This, in turn, is propelling the demand for compound feed, which is expected to increase by 18.2% during the forecast period (2023-2029).
- Fish feed dominates aquafeed production. It accounted for 82% of the total market share in 2022, followed by shrimp feed and feed for other aquatic species, accounting for shares of 4.3% and 13.7%, respectively. Fish feed is the most widely consumed aquatic food across the region. It is produced in high volumes compared to feed for other aquatic species. The expanding aquaculture sector, driven by the rising demand for seafood and aquaculture products, and the growing awareness about quality meat are the major factors that are augmenting the growth of the market studied.
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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
