Market Trends of Europe Swine Feed Industry
This section covers the major market trends shaping the Europe Swine Feed Market according to our research experts:
Growing Export of Pork Meat
The European Union is the world's second biggest producer of pork after China and the biggest exporter of pork and pork products. The main producer countries are Germany, Spain and France and between them they represent half of the region's total production. The Union exports about 13% of its total production.Despite the fact that pork consumption in the region is expected to drop by 1.4% this year, production will remain steady, thanks to growing exports. Europe is best positioned to take advantage of China's increased demand for pork shows the latest outlook released by the European Commission. Export value of swine meat increased form USD 4.4 billion in 2018 to USD 5.0 billion in 2019, as per ITC Trade Map. With this trend, need for increasing the yield has become important, which can be achieved by feeding the nutrient enriched feed. Thus, will create the demand for swine feed in the region.
Cereals Dominate the Swine Feed Ingredient Type
Cereal grains are a good feed source although they are best utilised by the pig if they have been cracked, rolled or soaked. The major ingredients used by the European pig industry are maize, wheat, barley and lupins, but other grains such as peas, canola meal and triticale are also used. Energy is generally supplied from cereal grains and by-products, root-crops, fats, sugar by-products or various fruits. Cereal starch does not need special processing treatments apart from heat to make them fit for consumption. Using cereals with greater preference values may contribute to the formulation of more palatable feeds, which enhance feed intake of piglets at critical stages such as weaning time. Given its popularity and usefulness, the domonance of cereal feed ingredients in swine feed is liekly to remain steady during the forecast period.
