The European animal feed market is witnessing favorable market trends, such as rising demand for high protein diets, especially in the developing economies of Russia and Germany where per capita income is also rising rapidly.
The European animal feed market is primarily dependent on the type of feed, the 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 additives for better animal health and disease protection. The regulatory ban on antibiotics as growth promoters in Europe has had a negative impact on market growth in these regions. However, the overall outlook of the animal feed additive industry is positive. New business opportunities, in the form of better product development and increasing sales of non-antibiotic feed additives, are expected in the near future. Demand is also rising because of increasing facilities for mass meat production. The industry is estimated to cross USD 108,700 million in 2020 with a forecasted CAGR of 2.6% in the next five years.
In this report, the European compound feed market is segmented by type of feed, animal type and geographic region. Market size and forecast are provided for each of these segments. The market has many global as well as regional players, mainly in the animal feed business. This market constitutes a minor share in terms of their product portfolio, sales and volume.
The major players in the compound feed market are Cargill (U.S.), ADM (U.S.), Nutreco NV (The Netherlands) and Charoen Pokphand (Thailand), among others. Major players are rapidly tapping into these markets through both organic and inorganic growth strategies. Over the last five years, the most adopted strategy for growth has been mergers and acquisitions.
Key Deliverables in the Study