Europe Compound Feed Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Europe Compound / Animal Feed Market is Segmented by Animal Type (Ruminants, Poultry, Swine, Aquaculture, and Other Animal Types), Ingredient (Cereals, Cakes & Meals, By-products, and Supplements), and Geography (Spain, United Kingdom, France, Germany, Russia, Italy, and Rest of Europe). The market size and forecasts are provided in terms of value (USD million) and volume (thousand metric tons) for all the above segments.

Europe Compound Feed Market Size

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Europe Compound Feed Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.30 %
Market Concentration High

Major Players

Europe Compound Feed Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Europe Compound Feed Market Analysis

The Europe compound feed market is projected to register a CAGR of 4.3% during the forecast period.

  • 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. Nevertheless, with the rise in meat consumption worldwide, the compound feed industry is estimated to witness a huge demand for better-quality meat. 
  • According to the Organisation for Economic Co-operation and Development (OECD) report, demographics, urbanization, incomes, prices, tradition, religious beliefs, cultural norms, and environmental, ethical/animal welfare, and health concerns are key factors that affect not only the level but also the type of meat consumption in the region. It is the main reason meat consumption is projected to increase by 0.4% in Europe.
  • The European Feed Manufacturers' Federation (FEFAC) stated that the farm animals in the EU27 consumed an estimated 701 million tons of feed in 2021, of which compound feed manufacturers produced about 22%. The compound feed production in the year 2021, pigs occupied 50,767 thousand metric tons, followed by poultry with 48,924 thousand metric tons, cattle with 42,480 thousand metric tons, and others category occupied 7,033 thousand metric tons.
  • According to the Alltech Feed Survey, in 2021, feed production in Europe occupied 261.9 million metric tons in 2020 and held a third rank worldwide to cater to animal nutrition in livestock, poultry, swine, and many others. Feed prices greatly affected producers. Additional challenges to these prices included government regulations of more sustainable practices, such as lowering nitrogen use and eliminating antibiotics.

Europe Compound Feed Market Trends

This section covers the major market trends shaping the Europe Compound Feed Market according to our research experts:

Growing Demand for Meat and Aquaculture Products

  • The consumption of meat has been rising steadily across the region. The increasing population, urbanization, demographics, incomes, prices, and environmental and health concerns are key factors that influence the level and type of meat consumption. This is increasing the market's need for compound feed in Europe. According to the United States Department of Agriculture (USDA) report, the total meat consumption was 11,850 metric tons in 2021, which is higher than the previous year of 11,732 metric tons.
  • Poland is still the largest European Union (EU) chicken producer, accounting for almost 20 percent of all EU chicken production. Polish producers reduced their flocks in the first half of 2021, which, combined with lower reproducing flocks decimated by depopulation measures linked to highly pathogenic avian influenza (HPAI), resulted in higher (+ 30 percent) farm-gate prices for broilers by mid-2021.
  • The economic downturn had a very limited effect on the European meat market, maintaining 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 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.
Europe Compound Feed Market : Europe Compound Feed Market : Total Meat Production, in Metric Ton, 2021

Spain Dominates the Market

  • The EU has a sizeable livestock population: 142 million pigs, 76 million bovine animals, 60 million sheep, and 11 million goats in December 2021. pain accounted for 24% of the EU's pigs, 9% of the EU's bovines, 25% of the EU's sheep, and 23% of the EU's goats. France accounted for 9% of the EU's pigs, 23% of the EU's bovines, 12% of the EU's sheep, and 12% of the EU's goats. Germany accounted for 17% of the EU's pigs and 15% of the EU's bovines, 3% of the EU's sheep, and 1% of the EU's goats. 
  • The feed industry in Spain, comprising over 800 feed businesses, employs 11,700 people. The country's expanding compound feed business has pushed global giants to bolster their presence in the Spanish market. Furthermore, the market has been pushed by technical advancements in the animal feed business. Many feed mills in Spain are small or medium-sized, with diverse livestock activities spread around the country. Two-thirds of the members produce feed and cattle for export. 
  • The quality of the Spanish feed is outstanding. Moreover, Spain is a significant exporter, particularly to Asian countries, such as China, Korea, and the Philippines.
  • According to Confederación Española de Fabricantes de Alimentos Compuestos para Animales (CESFAC), two-thirds of the 3.5 million tons of soya beans imported into Spain originate from Brazil, with 87% being used to make livestock feed. 
  • Soy is beneficial in making feed since it is a rich source of protein. However, due to the increasing import dependency, most businesses seek alternative plant-based proteins, such as pulses. The business relationship between Spanish farmers and feed makers is another aspect that contributes to the industry's success. 
  • In feed manufacturing, animal protein processing, and marketing, there is a close strategic alliance of partners between large swine and chicken producers. This approach generates high-quality, low-cost Spanish animal protein, which has helped to keep hog and chicken exports competitive.
Europe Compound Feed Market : Total Production of Compound Feed, in Thousand Metric Ton, Spain, 2020-2021

Europe Compound Feed Industry Overview

The European compound feed market is concentrated, with a few large players capturing a major market share. Leading companies have been focusing on acquiring feed mills and small manufacturing to expand their business in local and foreign markets. Some players have expanded their European presence by acquiring or merging with manufacturers in foreign markets. The leading companies, such as Cargill, Incorporated, Alltech, Biomin, Kemin Industries, Inc, and ADM Animal Nutrition, focused on expanding the business across regions and setting up a new plant to increase production capacity well as a product line. The companies are also increasing the production capacities of their existing plants.

Europe Compound Feed Market Leaders

  1. Cargill, Incorporated

  2. Alltech

  3. ADM Animal Nutrition

  4. Kemin Industries, Inc

  5. Biomin

*Disclaimer: Major Players sorted in no particular order

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Europe Compound Feed Market News

  • April 2022: Cargill invested USD 50 million towards developing R&D in China, near Elk River, Minnesota, and a facility in the Netherlands, Europe, to research and develop animal nutrition and feeds.
  • November 2021: ADM acquired Sojaprotein, a leading European provider of non-GMO soy ingredients, to strengthen plant-based-protein capabilities in animal nutrition.
  • February 2021: The Pavo, a brand under the ForFarmer group, acquired horse feed provider Mühldorfer Pferdefutter whose products are mainly available in Germany. Through this acquisition, Pavo's turnover in Germany increased by over 40%, facilitating further market expansion into the horse feed sector.

Europe Compound Feed Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market Definition

    2. 1.2 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 Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  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

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Europe Compound Feed Industry Segmentation

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.

The European Compound Feed Market is segmented by Animal Type into Ruminants, Poultry, Swine, Aquaculture, and Other Animal Types, Ingredient into Cereals, Cakes & Meals, By-products, and Supplements, and Geography into Spain, United Kingdom, France, Germany, Russia, Italy, and Rest of Europe.

The report offers market size and forecasts in value (USD million) and volume (thousand metric ton) for all the above segments.

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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Europe Compound Feed Market Research FAQs

The Europe Compound Feed Market is projected to register a CAGR of 4.30% during the forecast period (2024-2029)

Cargill, Incorporated, Alltech, ADM Animal Nutrition, Kemin Industries, Inc and Biomin are the major companies operating in the Europe Compound Feed Market.

The report covers the Europe Compound Feed Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Compound Feed Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Compound Feed in Europe Industry Report

Statistics for the 2024 Compound Feed in Europe market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Compound Feed in Europe analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Europe Compound Feed Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)