Market Trends of France Feed Additives Industry
Growing Animal Export Market
The demand for meat is increasing rapidly as more and more people are becoming aware of the health benefits of meat consumption. According to Eurostat, in 2018, the country accounted for 11.4% of the total EU poultry meat production. French animal breeds are highly popular and preferred internationally for meat and other related products. According to ITC Trade, in 2019, live animals worth USD 2.4 billion were exported compared to 2.1 billion live animals in 2016. Among all animal types, in 2019, bovine export amounted highest with the value of USD 1.68 billion. The growing consumer appetite toward meat is expected to drive production which in turn, impacts the feed additives market positively during the study period.
Growing Livestock Production Drives the Feed Production
The rising cost of feed raw materials, increased emphasis on reduced cost of feed production and rising demand for meat and milk products are the major demand driving factors. According to the Food and Agriculture Organisation (FAO), in 2017 there are around 18.9 million cattle in France as compared to 18.5 million in 2018. The higher demand for meat and dairy products will drive the market for feed additives to increase productivity in the country during the forecast period.
According to the Alltech Feed Survey, in 2019, the country had a total of 315 mills, catering to 22.1 million metric tons production of compound feed. Fed production for Pigs amounted to the highest with 4.9 million metric tons followed by dairy animals and poultry feed with 3.43 million metric tons and 3.44 million metric tons respectively. Consumption of food containing a suitable quantity of additives exerts positive effects on livestock, such as improvement in digestion and reproduction. Growing commercial livestock production is driving the demand for feed additives.
