Europe Compound Feed Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 113.40 Billion |
| Market Size (2029) | USD 129.60 Billion |
| CAGR (2024 - 2029) | 3.10 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Compound Feed Market Analysis
The Europe Compound Feed Market size is estimated at USD 113.40 billion in 2024, and is expected to reach USD 129.60 billion by 2029, growing at a CAGR of 3.10% during the forecast period (2024-2029).
- Favorable trends are emerging in the market, notably a rising demand for high-protein diets. This trend is particularly pronounced in the United Kingdom, Russia, and Germany, where per capita incomes are on the upswing. Concurrently, as global meat consumption rises, the compound feed industry is poised to see a surge in demand for higher-quality meat. An OECD report highlights that factors such as demographics, urbanization, income levels, pricing, tradition, religious beliefs, cultural norms, and concerns over environmental, ethical, animal welfare, and health issues play pivotal roles in shaping both the quantity and type of meat consumed in various regions. For example, the UK's per capita poultry meat consumption rose from 18.3 kg in 2022 to 18.9 kg in 2023.
- In Germany, the demand for red meat is on the rise, driven by a growing affinity for meat products and bolstered by lower meat prices. These affordable prices enhance consumer spending power within the meat sector. As demand for animal products and processed meats escalates, feed manufacturers are capitalizing by boosting animal productivity. Data from FAOSTAT, Germany's meat production saw a slight uptick from 7.5 million metric tons in 2020 to 7.6 million metric tons in 2022.
- Cereals dominate as the primary ingredient in Europe's compound feed. Corn, barley, and sorghum lead the pack as the most utilized cereals in feed production. In Europe, maize cultivation is predominantly aimed at feeding livestock, including cows, pigs, and poultry. This encompasses various forms of maize, such as silage, grain maize, corn cob mix, and coarse maize meal with husks.
- Key players in the region's compound feed production include Cargill Inc., Alltech, Biomin, Kemin Industries, Inc., and ADM Animal Nutrition. These leading companies are not only expanding their geographical footprint but are also setting up new plants to enhance production capacity and diversify their product lines. Notably, in 2022, Cargill made a significant move by investing USD 50 million in R&D initiatives in China, alongside establishing a facility in Elk River, Minnesota, and another in the Netherlands, Europe, dedicated to advancing animal nutrition and feed research.
Europe Compound Feed Market Trends
Poultry Meat is the Significant Segment by Animal Type
Meat products are proliferating due to the increasing health concern driving commercial livestock production. According to the Food and Agriculture Organisation((FAO), Spain's poultry consumption has increased at an average annual rate of 6% over the last ten years, with an acceleration of 8% in the last three years. Spain produced 1,561,250 metric tons of poultry meat in 2022, up by 1.5% from the previous year. Spain has slowly increased its production of organic chicken and slow-growth chicken, which is anticipated to drive the compound feed market in this country. In response to the growing popularity of ready-to-eat and ready-to-cook chicken over raw chicken meat, the industry has restructured to focus on producing value-added chicken products.
Likewise, according to the Organization for Economic Co-operation and Development (OECD), poultry ranks as the top meat choice in Russia, with pork trailing closely behind. In 2020, Russia's consumption of poultry meat stood at 4,491.3 thousand metric tons, which increased to 4,568.3 thousand metric tons by 2023, as per the Organization for Economic Co-operation and Development (OECD). The surge in poultry meat consumption can be attributed to advertising and promotions positioning British poultry as a convenient and healthy midweek supper. This trend is likely to further boost the animal feed industry.
Besides, Italy is one of the largest poultry feed markets and is one of the most important poultry meat consumer in the Europe. The per capita consumption of poultry meat in Italy has increased rapidly, as it is actively considered an important source of nutrition/protein by consumers, thus, resulting in increased production of poultry meat products. According to the EU Commission, per capita consumption of poultry meat in Italy was 20.3 kg in 2019, which increase by 20.8 kg in 2022. According to the Alltech Feed Survey, the country’s total production of feed was valued at 14.6 million metric tons in 2021, with poultry accounting for approximately 12.1% of the total feed production. As a result, the booming poultry feed production along with the increasing inclining toward high-quality poultry meat products are likely to give a boost to the compound feed market in Italy during the forecast period.
Spain Dominates the Market
The rising commercial production of livestock has led to an increase in the export market, as there is a growing demand for animal products such as meat, milk, and eggs in other countries. According to the International Trade Center (ITC) Trade, in 2023, the export market value for meat in Spain reached USD 2,098,448 thousand, primarily due to heightened demand from the Netherlands, Poland, Germany, and France.
Spain is one of the world's fourth-largest pork producers known for its high-quality ham and other cured meat products. According to FAOSTAT, in 2020, pork production in Spain was 5.0 million metric tons which increased to 5.1 million metric tons in 2022. Other popular meat exports from Spain include beef, poultry, and lamb. The Spanish meat industry, and in particular, the pig production industry, has made significant strides in modernizing and automating production processes. This has led to increased efficiency, productivity, and cost-effectiveness, making the industry one of the most advanced in Europe. This calls for a heightened demand for Spanish meat in Europe and worldwide.
Besides, the feed industry in Spain employs 11,700 people across over 800 feed businesses. The country's expanding compound feed business has pushed global giants to bolster their presence in the Spanish market. Furthermore, the market has been pushed by technical advancements in the animal feed business. Many feed mills in Spain are small or medium-sized, with a diverse range of livestock activities spread around the country. Two-thirds of the members produce feed and cattle for export with outstanding quality feed. Moreover, Spain is a significant exporter, particularly to Asian countries, such as China, Korea, and the Philippines.
Europe Compound Feed Industry Overview
The European compound feed market is concentrated, with a few large players capturing a major market share. Leading companies have been focusing on acquiring feed mills and small manufacturing to expand their business in local and foreign markets. Some players have expanded their European presence by acquiring or merging with manufacturers in foreign markets. The leading companies, such as Cargill, Incorporated, Alltech, Biomin, Kemin Industries, Inc, and ADM Animal Nutrition, focused on expanding the business across regions and setting up a new plant to increase production capacity well as a product line. The companies are also increasing the production capacities of their existing plants.
Europe Compound Feed Market Leaders
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Cargill, Incorporated
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Alltech
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ADM Animal Nutrition
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Kemin Industries, Inc
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Biomin
*Disclaimer: Major Players sorted in no particular order
Europe Compound Feed Market News
- April 2024: ADM announced that its global regenerative agriculture program expanded to more than 2.8 million acres in 2023, exceeding its 2-million-acre goal. In addition, the company announced that it is targeting 3.5 million regenerative acres in 2024 and is increasing its 2025 goal from 4 million to 5 million acres globally.
- June 2022: Cargill and Innovafeed joined hands to develop and market insect-based feed for all animal groups, especially aquafeed, across Europe, including Spain. The agreement combines Innovafeed's expertise in formulating precision insect ingredients and Cargill's global animal nutrition capabilities to scale up the use of insect ingredients in multiple types of animal feed.
- November 2022: BASF expanded the production capacity of feed enzyme plants in Ludwigshafen, Germany. The expansion of the existing plant enables BASF to meet the growing global demand from customers for a reliable, high-quality supply of the BASF feed enzymes Natuphos E (phytase), Natugrain TS (xylanase and glucanase), and the recently launched Natupulse TS (mannanase).
Europe Compound Feed Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increase in Meat Consumption and Demand for Animal Protein
4.2.2 Initiatives by the Key Players
4.2.3 Focus on Animal Nutrition and Health
4.3 Market Restraints
4.3.1 Shift Toward Vegan- Based Diet
4.3.2 Changing Raw Material Prices and Strict Government Rules
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Animal Type
5.1.1 Ruminants
5.1.2 Poultry
5.1.3 Swine
5.1.4 Aquaculture
5.1.5 Other Animal Types
5.2 Ingredient
5.2.1 Cereals
5.2.2 Cakes & Meals
5.2.3 By-products
5.2.4 Supplements
5.2.4.1 Vitamins
5.2.4.2 Amino Acid
5.2.4.3 Enzymes
5.2.4.4 Prebiotics and Probiotics
5.2.4.5 Acidifiers
5.2.4.6 Other Supplements
5.3 Geography
5.3.1 Spain
5.3.2 United Kingdom
5.3.3 France
5.3.4 Germany
5.3.5 Russia
5.3.6 Italy
5.3.7 Rest of Europe
6. COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Most Adopted Strategies
6.3 Company Profiles
6.3.1 Altech
6.3.2 Biomin
6.3.3 Kemin Industries, Inc.
6.3.4 ADM Animal Nutrition
6.3.5 Cargill, Incorporated
6.3.6 ForFarmers
6.3.7 BASF SE
6.3.8 Nutreco NV
6.3.9 Yara International ASA
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Europe 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 European Compound Feed Market is segmented by Animal Type into Ruminants, Poultry, Swine, Aquaculture, and Other Animal Types, Ingredients into Cereals, Cakes & Meals, By-products, and Supplements, and Geography into Spain, United Kingdom, France, Germany, Russia, Italy, and Rest of Europe.
The report offers market size and forecasts in value (USD) and volume (metric tons) for all the above segments.
| Animal Type | |
| Ruminants | |
| Poultry | |
| Swine | |
| Aquaculture | |
| Other Animal Types |
| Ingredient | ||||||||
| Cereals | ||||||||
| Cakes & Meals | ||||||||
| By-products | ||||||||
|
| Geography | |
| Spain | |
| United Kingdom | |
| France | |
| Germany | |
| Russia | |
| Italy | |
| Rest of Europe |
Europe Compound Feed Market Research FAQs
How big is the Europe Compound Feed Market?
The Europe Compound Feed Market size is expected to reach USD 113.40 billion in 2024 and grow at a CAGR of 3.10% to reach USD 129.60 billion by 2029.
What is the current Europe Compound Feed Market size?
In 2024, the Europe Compound Feed Market size is expected to reach USD 113.40 billion.
Who are the key players in Europe Compound Feed Market?
Cargill, Incorporated, Alltech, ADM Animal Nutrition, Kemin Industries, Inc and Biomin are the major companies operating in the Europe Compound Feed Market.
What years does this Europe Compound Feed Market cover, and what was the market size in 2023?
In 2023, the Europe Compound Feed Market size was estimated at USD 109.88 billion. The report covers the Europe Compound Feed Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Compound Feed Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Compound Feed in Europe Industry Report
Statistics for the 2024 Compound Feed in Europe market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Compound Feed in Europe analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Compound Feed Market in Europe Report Snapshots
