Italy Compound Feed Market Size (2024 - 2029)

The compound feed market size in Italy is experiencing growth, driven by a rising consumer preference for high-quality, domestically sourced meat and meat products. This trend has led to an increase in the breeding of local cattle breeds, contributing to the expansion of the market. The market's development is further supported by the production of compound feed, which has shown a consistent upward trajectory in recent years.

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Market Size of Italy Compound Feed Industry

Market Overview
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 3.30 %

Major Players

Italy Compound Feed Market Major Players

*Disclaimer: Major Players sorted in no particular order

Italy Compound Feed Market Analysis

The market for compound feed in Italy is projected to register a CAGR of 3.3% during the forecast period. According to the European Feed Manufacturers' Federation (FEFAC), compound feed production in Italy totaled 13.98 million metric tons in 2018, a 2.2% rise from 13.69 million metric tons in 2017. Italian consumers have been increasingly inclining toward high-quality meat and meat products, with 45% of the consumers preferring the meat that is sourced domestically. Thus, this has resulted in a widespread development in the breeding of the domestic cattle breeds, according to studies such as 'Vitelloni Piemontesi Della Coscia' PGI, currently 315,000 head in number, 52,000 Marchigiana, 46,000 Chianina, 12,000 Romagnola, and 5,000 Podolia.

Italy 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 Italy Compound Feed Market is segmented By Animal Type (Ruminants, Poultry, Swine, and Others), By Ingredients (Cereal, Cakes & Meals, By-Products, and Supplements).

Ingredient
Cereals
Cakes & Meals
By-products
Supplements
Animal Type
Ruminants
Poultry
Swine
Other Animal Types
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Italy Compound Feed Market Size Summary

The Italian compound feed market is experiencing a steady growth trajectory, driven by the increasing demand for high-quality meat and meat products. This demand is largely fueled by a shift in consumer preferences towards domestically sourced meat, which has spurred the development of domestic cattle breeds. The rising per capita consumption of red meat and poultry products, recognized as vital sources of nutrition, has further propelled the production of meat products. This trend is reflected in the significant output of feed mills across Italy, which cater to the substantial demand for compound feed, particularly in the pork and poultry sectors. The market's expansion is also supported by the broader global increase in animal protein consumption, which is expected to continue, thereby driving the need for enhanced livestock production and, consequently, compound feed.

The Italian compound feed industry is characterized by a consolidated market structure, with major players holding significant shares and actively pursuing expansion strategies. These companies are focusing on acquiring feed mills and small manufacturing units to broaden their business reach both locally and internationally. Strategic mergers and acquisitions have been a key tactic for expanding geographical presence and increasing production capacities. The ongoing expansion efforts are aimed at meeting the growing demand for animal products, as indicated by rising meat sales and consumption trends. This proactive approach by leading companies is expected to sustain the market's growth momentum, aligning with the anticipated increase in animal protein production globally.

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Italy 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 Porters Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Ingredient

      1. 2.1.1 Cereals

      2. 2.1.2 Cakes & Meals

      3. 2.1.3 By-products

      4. 2.1.4 Supplements

    2. 2.2 Animal Type

      1. 2.2.1 Ruminants

      2. 2.2.2 Poultry

      3. 2.2.3 Swine

      4. 2.2.4 Other Animal Types

Italy Compound Feed Market Size FAQs

The Italy Compound Feed Market is projected to register a CAGR of 3.30% during the forecast period (2024-2029)

Nutreco, ALLtech inc., LAND O’ LAKES INC. (PURINA MILLS), Cargill inc. and Archer Daniels Midland Company are the major companies operating in the Italy Compound Feed Market.

Italy Compound Feed Market Report Snapshots

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