Europe Compound Feed Market Size (2024 - 2029)

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 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.