Europe Compound Feed Market Size (2024 - 2029)

The Europe compound feed market is experiencing growth driven by increasing demand for high-protein diets, particularly in regions with rising per capita incomes like Russia and Germany. This demand is further fueled by the global rise in meat consumption, which necessitates higher quality meat production. Various factors, including demographics, urbanization, and cultural norms, influence meat consumption patterns in Europe, contributing to the market's expansion. The compound feed sector plays a significant role in animal nutrition across Europe, despite challenges such as fluctuating feed prices and regulatory pressures for sustainable practices.

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Market Size of Europe Compound Feed Industry

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

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 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 Size Summary

The European compound feed market is experiencing a positive trajectory, driven by increasing demand for high-protein diets, particularly in Russia and Germany, where rising per capita incomes are influencing consumption patterns. The market is also benefiting from the global rise in meat consumption, which is prompting a demand for higher-quality meat and, consequently, better-quality compound feed. Key factors such as urbanization, demographic changes, and economic growth are contributing to this trend, with meat consumption in Europe projected to continue its upward trend. The European Feed Manufacturers' Federation highlights the significant role of compound feed in supporting the livestock sector, with pigs, poultry, and cattle being the primary consumers. However, the industry faces challenges from fluctuating feed prices and regulatory pressures to adopt more sustainable practices.

Spain stands out in the European compound feed market with its robust feed industry, characterized by a large number of businesses and significant export activities, particularly to Asian countries. The country's feed quality is highly regarded, and its strategic alliances between feed manufacturers and livestock producers have bolstered its competitive edge. The market is dominated by a few large players, such as Cargill, Alltech, and ADM Animal Nutrition, who are actively expanding their presence through acquisitions and investments in production capacity. These companies are also focusing on developing plant-based protein alternatives to reduce import dependency. The European compound feed market's concentration and the strategic moves by leading companies underscore the dynamic nature of the industry, as it adapts to changing consumer demands and regulatory landscapes.

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Europe Compound Feed Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Animal Type

      1. 2.1.1 Ruminants

      2. 2.1.2 Poultry

      3. 2.1.3 Swine

      4. 2.1.4 Aquaculture

      5. 2.1.5 Other Animal Types

    2. 2.2 Ingredient

      1. 2.2.1 Cereals

      2. 2.2.2 Cakes & Meals

      3. 2.2.3 By-products

      4. 2.2.4 Supplements

        1. 2.2.4.1 Vitamins

        2. 2.2.4.2 Amino Acid

        3. 2.2.4.3 Enzymes

        4. 2.2.4.4 Prebiotics and Probiotics

        5. 2.2.4.5 Acidifiers

        6. 2.2.4.6 Other Supplements

    3. 2.3 Geography

      1. 2.3.1 Spain

      2. 2.3.2 United Kingdom

      3. 2.3.3 France

      4. 2.3.4 Germany

      5. 2.3.5 Russia

      6. 2.3.6 Italy

      7. 2.3.7 Rest of Europe

Europe Compound Feed Market Size 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.

Compound Feed Market in Europe Report Snapshots

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