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Europe Animal Feed Market Outlook, 2027

Europe Animal Feed Market Outlook, 2027

Bonafide Research 03-02-2022 72 Pages Figures : 20 Tables : 26
Region : Europe Category : Food & Beverages Agriculture

1. Cargill Incorporation

2. Guangdong Haid Group Co., Limited

3. Charoen Pokphand Group

4. New Hope Liuhe Co., Ltd

5. Archer-Daniels-Midland Company

More...

Nutritional requirements among livestock animals and balanced feeding practices is gaining higher attention in few recent years due to increase in livestock producing feeds and scope to enhance the productivity to meet demand for animal feed market. Animal feed market is combined mixture of raw materials such as wheat, soya, ragi, barley, etc. It is even mixture of supplements sourced from animals, plants, organic, inorganic substances, or industrial processing. Proteins in animal feeds are excellent source of energy, minerals and essential amino acids. European Animal feed has become essential part of increasing livestock industry and meat production industry which concerns to various types of foods that are produced by grains, cereals, oil seeds, cakes and meals.

According to research report “Europe Animal Feed Market Outlook, 2027" published by Bonafide Research, the animal feed market in Europe is expected to grow with the CAGR of more than 3.1% during the forecasted period of 2027. The highest growth for meat consumption is expected from major countries of Europe such as Germany, France, Spain and United Kingdom. More consumption gives rise to more production because of changing diet patterns and lifestyles. The growth in Europe Animal Feed Market is mainly due to growth in meat consumption and even increasing urbanization. Also, increase in consumer awareness regarding benefits of protein rich foods which led to increase the consumption of meat and increase in population. Since, the European government has imposed ban on use of anti-biotic as a growth promoter. This ban is letting livestock producers in those regions to identify new ways by which they can stimulate production and deliver the same benefits provided by antibiotic growth promoters at an completely affordable prices.

Amid covid-19 pandemic, the European animal feed market pace has slowed down due to lockdown in various countries such as Italy, United Kingdom & Germany. The major business countries in Europe have imposed restrictions on transport with even applying stringent measures of lockdown in various countries. The covid-19 and it’s lockdown has adversely affect the production due to less labour availability.

Germany is the highest targeted plant-based animal feed producing market. Poultry feed production may possibly lose its position as leading segment in Europe industrial animal feed production to pig feed, after a very long time, as a result of continuous downward trend. On the basis of ingredients, the market is broadly divided into Amino Acids, Antioxidants, Antibiotics, Minerals, and Vitamins. Meat and meat products are also having an rapid inclination towards consumption due to need of protein-rich diets. The animal products and processed meat has constant rising demand which created an opportunity for feed manufacture to enhance animal productivity.

Major Companies present in the market:
Cargill Inc., Guangdong Haid Group, Chareon Pokphand Foods, For Farmers, New Hope Liuhe Co Ltd, Archer Daniels Midland Co, Feed One Co, Ltd, Alltech Inc, Nutreco N.V, Kent Nutrition Group.

Considered in this report:
• Geography: Europe
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• Europe animal feed market with its value and forecast along with its segments
• Country-wise animal feed products market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report
• Germany
• United Kingdom
• France
• Italy
• Spain
• Russia
• Rest of Europe

Types of feed ingredients in the report:
• Cereals
• By-Products
• Cakes & Meals
• Supplements
• Others

Types of feed by livestock in the report:
• Cattle Feeds
• Poultry Feeds
• Pig Feeds
• Aqua Feeds

Types of form in the report:
• Pellet
• Mash
• Crumbles
• Cubes & Cakes

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to animal feed industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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