Europe Ruminant Feed Market Size (2024 - 2029)

Europe Ruminant Feed Market Analysis

The Europe Ruminant Feed Market size is estimated at USD 35.40 billion in 2024, and is expected to reach USD 42.40 billion by 2029, growing at a CAGR of 3.70% during the forecast period (2024-2029).

Europe boasts one of the world's largest and most diverse livestock sectors. Key players like France, Germany, the UK, the Netherlands, and Italy stand out as leading producers of ruminant feed. The European Union (EU) plays a dual role as both a major producer and consumer of animal feed, with ruminant feed constituting a significant share of total feed production, thereby bolstering market growth. Rising meat production serves as a primary catalyst for this growth. Data from the Russian Federal State Statistics Service indicates that beef production in Russia saw a slight uptick, growing from 1.62 million metric tons in 2022 to 1.65 million metric tons in 2023. As meat production escalates, the ruminant feed industry is gearing up to cater to the increasing demand for premium feed in the market.

The European Feed Manufacturers’ Federation (FEFAC) points out that urban modernization, technological advancements, and changing farming practices are steering the industry towards more efficient and eco-friendly meat production. This shift not only promotes the use of sustainable ruminant feed but also bolsters the market. However, it's noteworthy that feed production in the European Union witnessed a decline during the study period, with beef feed alone dropping by 10% from 2021 to 2022. In response, and to bolster cattle farmers, the government stepped in with financial aid. For instance, in 2022, France allocated a substantial 400 million euros (approximately USD 440.12 million) to support livestock farms grappling with surging feed grain costs, a fallout from Russia's invasion of Ukraine. Thus, the interplay of rising feed demand, government interventions, and surging meat production underscores the market's growth trajectory.

Europe Ruminant Feed Industry Segmentation

Ruminant feed combines different concentrate feed ingredients in suitable proportions for cattle to enhance milk and meat production. Frequently used ingredients in the ruminant feed include brans, protein meals/cakes, chunnis, grains, agro-industrial by-products, minerals, and vitamins. The Europe Ruminant feed Market is Segmented by Animal Type into Dairy Cattle, Beef Cattle, and Other Animal Types, by Ingredients into Cereals, Cakes and Meals, and Other Ingredients, and by Geography into Germany, United Kingdom, France, Russia, Spain, and Rest of Europe. The report offers market estimation and forecasts in value (USD) for the above-mentioned segments.