Market Trends of Europe Ruminant Feed Industry
This section covers the major market trends shaping the European Ruminant Feed Market according to our research experts:
Demand from Livestock Industries Drives the Market
European countries are some of the leading meat and dairy consuming regions in the world. The per capita meat consumption of Europe was recorded as 65.3 Kg in 2018 climbing to 65.8 Kg in 2019. Increasing consumption of meat and dairy has been directly boosting cattle farming in the country. According to FAO, the total number of cattle present in Europe was 119.3 million in 2018. The vast cattle farming industries which require feed in huge quantities have been driving the ruminant feed market in Europe.
Germany and France Dominates the Market
One of the major drivers for rising ruminant feed consumption in the German livestock industry is increasing cattle production. The ruminant population has reached around 23 million heads in Germany and about 10.14 million metric tons of compound feed has been consumed in 2018. Ruminant feed plays an important role in the French livestock production sector, and its use is highly regulated under both domestic and EU legislation. France is one of the leading livestock producers in the European Union accounting for a 19% share in overall beef production, in 2016. Such high ruminant production output and regulatory concerns are increasing the demand for healthy feed, in the French ruminant industry.
