Market Size of Germany Compound Feed Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 15.77 Billion |
| Market Size (2029) | USD 18.37 Billion |
| CAGR (2024 - 2029) | 3.10 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Germany Compound Feed Market Analysis
The Germany Compound Feed Market size is estimated at USD 15.77 billion in 2024, and is expected to reach USD 18.37 billion by 2029, growing at a CAGR of 3.10% during the forecast period (2024-2029).
- The demand for red meat in Germany's compound feed sector is growing with the popularity of meat and meat products. It is quickly increasing, owing to consumer preferences for a protein-rich diet and lower meat prices in the country. The low prices of meat drive consumers' spending power in the meat industry. The growing demand for animal products and processed meat has allowed feed makers to boost animal productivity.
- According to the Federal Agency for Agriculture and Food, Germany produced 8.47 million metric tons of meat in 2021, down by 1.6% (142,000 metric tons) from 2020. On the other hand, poultry meat production decreased by 1.7% to 1.64 million metric tons owing to the rising largest bird flu epidemic observed in the European Union countries, including Germany. As per Eurostat, over 2,467 outbreaks were reported in poultry in 2021, resulting in the slaughter of 48 million domestic birds in 37 countries, and in Germany, 2.3 million birds were destroyed in 2021. The rising awareness of the bird vaccination program to eradicate bird flu is expected to boost the growth of meat consumption and compound feed requirement in the poultry houses in the country during the coming years.
- Germany is known as the European Union's largest dairy producer, yet it has undergone rapid and far-reaching structural changes in recent decades. Germany witnessed a vigorous consolidation process in which the number of farms has fallen significantly, the remaining farms have grown, and overall milk output has increased due to increasing milk production per cow. German dairy farmers also had to contend with rising production costs.
- According to the Federal Agricultural Information Center (BZL), 281 companies harvested 22.9 million metric tons of compound feed in 2022 (23.9 million metric tons in the previous year). The pig feed category occupied the largest compound feed production with 9.1 million metric tons, followed by cattle feed with 6.5 million tons.
