Market Size of France Compound Feed Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 16.33 Billion |
Market Size (2029) | USD 19.31 Billion |
CAGR (2024 - 2029) | 3.40 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
France Compound Feed Market Analysis
The France Compound Feed Market size is estimated at USD 16.33 billion in 2024, and is expected to reach USD 19.31 billion by 2029, at a CAGR of 3.40% during the forecast period (2024-2029).
- In the European Feed Manufacturers’ Federation (FEFAC), EUROFAC serves as the sole representative of the French feed sector at the European level. It unites three key organizations in France's animal nutrition industry such as Association of Manufacturers of Supplements and Suppliers of Additives and Functional Ingredients for Animal Feed (AFCA-CIAL), La Cooperation Nutrition Animale, and the National Union of the Animal Nutrition Industry (SNIA).
- Several factors are driving market growth, including rising meat prices and increased consumption. The popularity of various animal breeds in France is also on the rise, leading to higher animal exports and, consequently, greater demand for compound feed. Additionally, growing international market demand has boosted both production and exports.
- In 2022, France produced 17.4 million head of beef cattle, 12.7 million heads of swine, and 7.0 million heads of sheep/goats, according to FranceAgriMer, under the authority of the French Ministry for Agriculture, making it the largest beef producer in the European Union. This increase in livestock production is fueling the expansion of the French compound feed market. As a member of The European Feed Manufacturers' Federation (FEFAC), France places significant emphasis on enhancing the feed industry. With a substantial livestock population with significant exports of meat and live animals, the compound feed market in the country is anticipated to grow during the forecast period.
France Compound Feed Industry Segmentation
Compound feed is a blend of raw materials and supplements given to livestock. It is derived from plant, animal, organic, inorganic substances, or industrial processing, and may include additives. The France compound feed market is segmented by animal type (ruminants, poultry, swine, aquaculture, and others), ingredients (cereals, cakes, and meals), products, and supplements. The market size is presented in terms of value (USD) and volume (Metric Tons) for all the above-mentioned segments.
Animal Type | |
Ruminants | |
Poultry | |
Swine | |
Aquaculture | |
Other Animal Types |
Ingredient | |||||||||
Cereals | |||||||||
Cakes & Meals | |||||||||
By-products | |||||||||
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France Compound Feed Market Size Summary
The compound feed market in France is experiencing steady growth, driven by the increasing demand for livestock production and the popularity of French animal breeds internationally. This demand is fueled by the rising domestic meat consumption and the need to support large-scale livestock production. The market is characterized by the presence of major companies such as Cargill Inc, Archer Daniels Midland, Nutreco NV, and Alltech Inc., which are actively expanding their production capacities and geographical presence. Innovations in feed additives, like the probiotic Rovabio Advance launched by Addiseo, are also contributing to the market's development by enhancing animal feed digestibility and reducing antibiotic reliance.
The French compound feed market is further bolstered by the country's significant contribution to the EU poultry meat production and its robust export of live animals, particularly bovines. The increasing consumer appetite for meat is expected to continue driving production, thereby positively impacting the compound feed market. The production of compound feed, particularly poultry and cattle feed, remains high, with companies focusing on expanding their business operations and product lines to meet the growing demand. Strategic acquisitions, such as Neovia's purchase of Agranix, are enhancing the product offerings and strengthening market positions in specialty nutrition.
France Compound Feed Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Higher Export Potential for Animal-Based Food Products
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1.2.2 Increasing Initiatives by the Key Players
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1.2.3 Supportive Government Policies
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1.3 Market Restraints
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1.3.1 Increasing Raw Material Price
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1.3.2 Growing Shift Towards Vegan-based Diet
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1.4 Porter's Five Force Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Animal Type
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2.1.1 Ruminants
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2.1.2 Poultry
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2.1.3 Swine
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2.1.4 Aquaculture
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2.1.5 Other Animal Types
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2.2 Ingredient
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2.2.1 Cereals
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2.2.2 Cakes & Meals
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2.2.3 By-products
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2.2.4 Supplements
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2.2.4.1 Acidifiers
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2.2.4.2 Amino Acid
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2.2.4.3 Enzymes
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2.2.4.4 Vitamins
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2.2.4.5 Probiotics
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2.2.4.6 Prebiotics
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2.2.4.7 Others
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France Compound Feed Market Size FAQs
How big is the France Compound Feed Market?
The France Compound Feed Market size is expected to reach USD 16.33 billion in 2024 and grow at a CAGR of 3.40% to reach USD 19.31 billion by 2029.
What is the current France Compound Feed Market size?
In 2024, the France Compound Feed Market size is expected to reach USD 16.33 billion.