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

European Compound Feed Market is segmented by animal type into ruminants, poultry, swine, aquaculture, and others, by ingredients into cereal, cakes & meals, by-products, and supplements. The supplement segment is further segmented into vitamins, amino acids, enzymes, acidifiers, probiotics and prebiotics, and other supplements and by geography into Spain, the United Kingdom, France, Germany, Russia, Italy, and Rest of Europe.

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

CAGR:

4.3 %

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Market Overview

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.

Scope of the report

Compound feed is a mixture of raw materials and supplements fed to the livestock, sourced from either plant, animal, organic or inorganic substances, or industrial processing, whether or not containing additives. While soybean, corn, barley, wheat, and sorghum are the most commonly used raw materials, vitamins, minerals, and amino acids are the most common additives blended to form compound feed.

Animal Type
Ruminants
Poultry
Swine
Aquaculture
Other Animal Types
Ingredient
Cereals
Cakes & Meals
By-products
Supplements
Vitamins
Amino Acid
Enzymes
Prebiotics and Probiotics
Acidifiers
Other Supplements
Geography
Spain
United Kingdom
France
Germany
Russia
Italy
Rest of Europe

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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.

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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%).

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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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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Study Deliverables

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Framework

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Animal Type

      1. 5.1.1 Ruminants

      2. 5.1.2 Poultry

      3. 5.1.3 Swine

      4. 5.1.4 Aquaculture

      5. 5.1.5 Other Animal Types

    2. 5.2 Ingredient

      1. 5.2.1 Cereals

      2. 5.2.2 Cakes & Meals

      3. 5.2.3 By-products

      4. 5.2.4 Supplements

        1. 5.2.4.1 Vitamins

        2. 5.2.4.2 Amino Acid

        3. 5.2.4.3 Enzymes

        4. 5.2.4.4 Prebiotics and Probiotics

        5. 5.2.4.5 Acidifiers

        6. 5.2.4.6 Other Supplements

    3. 5.3 Geography

      1. 5.3.1 Spain

      2. 5.3.2 United Kingdom

      3. 5.3.3 France

      4. 5.3.4 Germany

      5. 5.3.5 Russia

      6. 5.3.6 Italy

      7. 5.3.7 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Share Analysis

    2. 6.2 Most Adopted Strategies

    3. 6.3 Company Profiles

      1. 6.3.1 Altech

      2. 6.3.2 Biomin

      3. 6.3.3 Kemin Industries, Inc.

      4. 6.3.4 ADM Animal Nutrition

      5. 6.3.5 Cargill, Incorporated

      6. 6.3.6 ForFarmers

      7. 6.3.7 BASF SE

      8. 6.3.8 Nutreco NV

      9. 6.3.9 Yara International ASA

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19

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