Market Size of France Compound Feed Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 3.40 % |
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?
France Compound Feed Market Analysis
The market for compound feed in France is projected to register a CAGR of 3.4% during the forecast period. French animal breeds are highly popular and preferred internationally for meat and other related products. This has resulted in a surge in livestock production which in turn creates demand for compound feed. According to the European Feed Manufacturers' Federation (FEFAC), in 2018, the production volume reached 20.82 million metric tons as compared to 20.66 million metric tons in 2016. The increasing domestic meat consumption and rising demand from the livestock production sector are driving the production in the market.
Some of the major companies in the studied market are Cargill Inc, Archer Daniels Midland, Nutreco NV, Alltech Inc., Neovia Group, Terrena, ForFarmers, Charoen Pokphand Foods PCL. For instance, in 2016, Addiseo launched Rovabio Advance, which is a probiotic that improves the digestibility of food in animals and limits the use of antibiotics, when used in animal feed.
France 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.
Animal Type | |
Ruminants | |
Poultry | |
Swine | |
Aquaculture | |
Other Animal Types |
Ingredient | |
Cereals | |
Cakes & Meals | |
By-products | |
Supplements |
France Compound Feed Market Size Summary
The compound feed market in France is experiencing steady growth, driven by the increasing demand for livestock production and the popularity of French animal breeds internationally. This demand is fueled by the rising domestic meat consumption and the need to support large-scale livestock production. The market is characterized by the presence of major companies such as Cargill Inc, Archer Daniels Midland, Nutreco NV, and Alltech Inc., which are actively expanding their production capacities and geographical presence. Innovations in feed additives, like the probiotic Rovabio Advance launched by Addiseo, are also contributing to the market's development by enhancing animal feed digestibility and reducing antibiotic reliance.
The French compound feed market is further bolstered by the country's significant contribution to the EU poultry meat production and its robust export of live animals, particularly bovines. The increasing consumer appetite for meat is expected to continue driving production, thereby positively impacting the compound feed market. The production of compound feed, particularly poultry and cattle feed, remains high, with companies focusing on expanding their business operations and product lines to meet the growing demand. Strategic acquisitions, such as Neovia's purchase of Agranix, are enhancing the product offerings and strengthening market positions in specialty nutrition.
France Compound Feed Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.3 Market Restraints
-
1.4 Porter's Five Force Analysis
-
1.4.1 Bargaining Power of Suppliers
-
1.4.2 Bargaining Power of Buyers/Consumers
-
1.4.3 Threat of New Entrants
-
1.4.4 Threat of Substitute Products
-
1.4.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 Animal Type
-
2.1.1 Ruminants
-
2.1.2 Poultry
-
2.1.3 Swine
-
2.1.4 Aquaculture
-
2.1.5 Other Animal Types
-
-
2.2 Ingredient
-
2.2.1 Cereals
-
2.2.2 Cakes & Meals
-
2.2.3 By-products
-
2.2.4 Supplements
-
-
France Compound Feed Market Size FAQs
What is the current France Compound Feed Market size?
The France Compound Feed Market is projected to register a CAGR of 3.40% during the forecast period (2024-2029)
Who are the key players in France Compound Feed Market?
Cargill Inc., Alltech Inc. , TERRENA, Neovia Group and ForFarmers are the major companies operating in the France Compound Feed Market.