Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Form (Pellets, Crumbles, Mash, Others), By Species (Poultry, Ruminants, Aqua, Swine, Others), By Type (Acidifiers, Probiotics, Enzyme, Antioxidants, Antibiotics, Vitamins, Minerals, Others) And Competitive Landscape
Product Code: ETC057729 | Publication Date: Feb 2021 | Updated Date: Jan 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Europe Animal Feed Market report thoroughly covers the market by countries, by form, by species, and by type. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Europe Animal Feed Market has been growing over the years as it plays a significant role in the livestock industry. Europe is known for its sustainable animal farming and animal welfare practices, which means providing safe and nutritious feed for animals is essential. The Europe animal feed market comprises a range of products, including poultry feed, aqua feed, pet food, and others. the Europe animal feed market is dynamic and presents both opportunities and challenges to feed manufacturers and other stakeholders. Despite the challenges, the demand for safe and high-quality animal feed is expected to increase, driven by the growth of processed meat consumption and the focus on animal welfare and sustainable farming practices. Innovative solutions and new product development will be key to seizing the opportunities presented by the market and meeting the evolving customer needs and regulations.
According to 6Wresearch, the Europe Animal Feed Market Size is projected to grow from US$ 90,934.98 Million to US$ 1, 35,138.97 million; it is projected to grow at a CAGR of 3.9% during the forecast period of 2024-2030. One of the primary drivers propelling the Europe animal feed market growth is the increasing demand for processed meat products. As the population continues to grow, so does the demand for animal proteins, which drives up the requirement for animal feed. Additionally, the rise of the middle class and their preference for high-quality meat products puts further pressure on the industry. Another significant driver is the increasing demand for organic and allergen-free animal feed, which reflects consumer preferences towards sustainability and animal welfare without sacrificing the quality of meat.
However, one of the most significant challenges facing the Europe animal feed market is the rising cost of raw materials. The fluctuations in commodity prices, particularly for corn, soybean, and wheat, can negatively impact the profitability of feed manufacturers and lead to higher prices for consumers. The regulatory landscape also presents a challenge, given the European Union’s strict animal welfare and sustainability regulations that add to the cost and complexity of producing animal feed. Moreover, several trends are shaping the Europe animal feed market. One such trend is the growing popularity of plant protein sources like soybean meal and pea protein as an alternative to animal protein in feed. The products not only offer health and nutritional benefits but also help reduce the carbon footprint of feed production. Another trend is the increasing use of automation and digital technologies in the feed production process, which improves efficiency and reduces error rates.
One of the major policies introduced in the Europe Animal Feed Industry is the Regulation on the Animal Feed that was implemented by the European Commission in 2018. This policy aimed to ensure a high level of health protection for animals and significantly reduce the risk of detrimental effects on the environment. In addition, there is also the EU Farm to Fork Strategy that aims to support the development of sustainable food systems. It prioritizes animal welfare and addresses pressing concerns such as the reduction of antibiotics use in animal feed, among other objectives. Apart from this, one of the most successful schemes introduced in the animal feed market within Europe is the EU Feed Additive and Premixture Authorization Regulation. This scheme aims to regulate feed additives and premixtures before they are placed on the market. It ensures that every product is carefully evaluated and authorized, ensuring the highest level of safety and quality. Moreover, there is the European Innovation Partnership (EIP), an initiative that aims to support animal feed-related innovation projects. EIP provides financial aid to researchers, farmers, and businesses to assist in the implementation of innovative animal feed products and technologies.
A few animal feed companies have emerged as leading players in the Europe Animal Feed Market, actively participating in innovative schemes and policies. For instance, ForFarmers BV, a Dutch-based company, is one of the largest feed companies in Europe, offering animal nutrition solutions that cater to different livestock categories. Cargill, Inc., another significant player in the animal feed market, offers nutritional solutions that promote sustainable and healthy animal feeding. Nutreco, a global animal nutrition player, is also actively supporting the industry's transition to sustainable development while addressing the challenge of food security.
According to Nitesh Kumar, Research Manager, 6Wresearch, the pellets segment is expected to gain highest revenue in the forthcoming years on account of increasing livestock.
By Countries, Spain is expected to dominate the Europe Animal Feed Market Share during the projected period on account of increasing demand for meat protein.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Europe Animal Feed Market Overview |
3.1 Europe Regional Macro Economic Indicators |
3.2 Europe Animal Feed Market Revenues & Volume, 2020 & 2030F |
3.3 Europe Animal Feed Market - Industry Life Cycle |
3.4 Europe Animal Feed Market - Porter's Five Forces |
3.5 Europe Animal Feed Market Revenues & Volume Share, By Countries, 2023 & 2030F |
3.6 Europe Animal Feed Market Revenues & Volume Share, By Form, 2023 & 2030F |
3.7 Europe Animal Feed Market Revenues & Volume Share, By Species, 2023 & 2030F |
3.8 Europe Animal Feed Market Revenues & Volume Share, By Type, 2023 & 2030F |
4 Europe Animal Feed Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Animal Feed Market Trends |
6 Europe Animal Feed Market, 2020 - 2030 |
6.1 Europe Animal Feed Market, Revenues & Volume, By Form, 2020 - 2030 |
6.2 Europe Animal Feed Market, Revenues & Volume, By Species, 2020 - 2030 |
6.3 Europe Animal Feed Market, Revenues & Volume, By Type, 2020 - 2030 |
7 Germany Animal Feed Market, 2020 - 2030 |
7.1 Germany Animal Feed Market, Revenues & Volume, By Form, 2020 - 2030 |
7.2 Germany Animal Feed Market, Revenues & Volume, By Species, 2020 - 2030 |
7.3 Germany Animal Feed Market, Revenues & Volume, By Type, 2020 - 2030 |
8 United Kingdom Animal Feed Market, 2020 - 2030 |
8.1 United Kingdom Animal Feed Market, Revenues & Volume, By Form, 2020 - 2030 |
8.2 United Kingdom Animal Feed Market, Revenues & Volume, By Species, 2020 - 2030 |
8.3 United Kingdom Animal Feed Market, Revenues & Volume, By Type, 2020 - 2030 |
9 France Animal Feed Market, 2020 - 2030 |
9.1 France Animal Feed Market, Revenues & Volume, By Form, 2020 - 2030 |
9.2 France Animal Feed Market, Revenues & Volume, By Species, 2020 - 2030 |
9.3 France Animal Feed Market, Revenues & Volume, By Type, 2020 - 2030 |
10 Italy Animal Feed Market, 2020 - 2030 |
10.1 Italy Animal Feed Market, Revenues & Volume, By Form, 2020 - 2030 |
10.2 Italy Animal Feed Market, Revenues & Volume, By Species, 2020 - 2030 |
10.3 Italy Animal Feed Market, Revenues & Volume, By Type, 2020 - 2030 |
11 Russia Animal Feed Market, 2020 - 2030 |
11.1 Russia Animal Feed Market, Revenues & Volume, By Form, 2020 - 2030 |
11.2 Russia Animal Feed Market, Revenues & Volume, By Species, 2020 - 2030 |
11.3 Russia Animal Feed Market, Revenues & Volume, By Type, 2020 - 2030 |
12 Spain Animal Feed Market, 2020 - 2030 |
12.1 Spain Animal Feed Market, Revenues & Volume, By Form, 2020 - 2030 |
12.2 Spain Animal Feed Market, Revenues & Volume, By Species, 2020 - 2030 |
12.3 Spain Animal Feed Market, Revenues & Volume, By Type, 2020 - 2030 |
13 Rest of Europe Animal Feed Market, 2020 - 2030 |
13.1 Rest of Europe Animal Feed Market, Revenues & Volume, By Form, 2020 - 2030 |
13.2 Rest of Europe Animal Feed Market, Revenues & Volume, By Species, 2020 - 2030 |
13.3 Rest of Europe Animal Feed Market, Revenues & Volume, By Type, 2020 - 2030 |
14 Europe Animal Feed Market Key Performance Indicators |
15 Europe Animal Feed Market - Opportunity Assessment |
15.1 Europe Animal Feed Market Opportunity Assessment, By Countries, 2023 & 2030F |
15.2 Europe Animal Feed Market Opportunity Assessment, By Form, 2023 & 2030F |
15.3 Europe Animal Feed Market Opportunity Assessment, By Species, 2023 & 2030F |
15.4 Europe Animal Feed Market Opportunity Assessment, By Type, 2023 & 2030F |
16 Europe Animal Feed Market - Competitive Landscape |
16.1 Europe Animal Feed Market Revenue Share, By Companies, 2023 |
16.2 Europe Animal Feed Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |