Europe Compound Feed Market - Growth, Trends and Forecast (2020 - 2025)

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.

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%).