Market Size of Europe Compound Feed Industry
| 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
*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.
