Market Size of Germany Compound Feed Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 15.77 Billion |
Market Size (2029) | USD 18.37 Billion |
CAGR (2024 - 2029) | 3.10 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Germany Compound Feed Market Analysis
The Germany Compound Feed Market size is estimated at USD 15.77 billion in 2024, and is expected to reach USD 18.37 billion by 2029, growing at a CAGR of 3.10% during the forecast period (2024-2029).
- In Germany, the rising popularity of red meat and meat products is driving a surge in demand within the compound feed sector. This demand is further bolstered by consumer preferences for protein-rich diets and the appeal of lower meat prices in the country. These affordable prices amplify consumers' spending power in the meat industry. Consequently, as demand for animal products and processed meats escalates, feed manufacturers are seizing the opportunity to enhance animal productivity.
- According to the Federal Agricultural Information Center (BZL), 281 companies collectively produced 22.9 million metric tons of compound feed in 2022, a slight decrease from the 23.9 million metric tons produced the year before. The pig feed category led the compound feed production with 9.1 million metric tons, followed closely by cattle feed at 6.5 million tons.
- According to data from the Federal Agency for Agriculture and Food, Germany produced 7.55 million metric tons of meat in 2022, reflecting a 10% decline from 2020. Poultry meat production, at 1.50 million metric tons in 2022, experienced a 4% drop from 2020. This decline was largely due to a significant bird flu epidemic that impacted several nations in the European Union, including Germany. However, with increased awareness and initiatives surrounding bird vaccination programs to combat bird flu, there's a hopeful outlook for a resurgence in meat consumption and a rise in compound feed demands in the country's poultry houses in the coming years.
Germany 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. The Germany Compound Feed Market is Segmented by Animal Type (Ruminants, Poultry, Swine, Aquaculture, and Other Animal Types), and Ingredient (Cereals, Cakes and Meals, By-Products, and Supplements). The report offers market sizing and forecasts in value (USD) and volume (metric ton) for the above-mentioned segments.
Animal Type | |
Ruminants | |
Poultry | |
Swine | |
Aquaculture | |
Other Animal Types |
Ingredient | ||||||||
Cereals | ||||||||
Cakes & Meals | ||||||||
By-Products | ||||||||
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Germany Compound Feed Market Size Summary
The Germany compound feed market is experiencing a steady growth trajectory, driven by the increasing demand for animal products and processed meat. This demand is fueled by consumer preferences for protein-rich diets and the affordability of meat, which enhances consumer spending power in the meat industry. The market is also influenced by the structural changes in the dairy sector, where consolidation has led to fewer farms producing more milk, and rising production costs have posed challenges for dairy farmers. The poultry industry, affected by bird flu outbreaks, is expected to see a boost in compound feed requirements as awareness of vaccination programs increases. The consumption of meat, influenced by factors such as population growth, urbanization, and health concerns, continues to rise, further propelling the demand for compound feed in Germany.
Cereals, particularly corn, barley, and sorghum, are the primary ingredients in compound feed, with corn being the most widely used due to its significant application in the poultry industry. Despite price fluctuations in cereal production, cereal by-products are gaining popularity among feed manufacturers due to their cost-effectiveness. The German compound feed market is consolidated, with major players like ForFarmers, Cargill Inc., and Trouw Nutrition Deutschland GmbH dominating the market. These companies are actively expanding their operations through mergers, acquisitions, and product innovations to meet the evolving needs of the market. Recent developments, such as BASF's expansion of feed enzyme production and ForFarmers' launch of a new fiber-containing feed component, highlight the ongoing efforts to enhance product offerings and cater to the growing global demand.
Germany 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 High Demand for Livestock Products
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1.2.2 Need of Increasing Productivity
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1.2.3 Rising Government Initiatives
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1.3 Market Restraints
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1.3.1 Increasing Plant Based Food Demand
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1.3.2 Rising Prices of Feed Raw Materials
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitutes
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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 Vitamins
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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 Prebiotics and Probiotics
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2.2.4.5 Acidifiers
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2.2.4.6 Other Supplements
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Germany Compound Feed Market Size FAQs
How big is the Germany Compound Feed Market?
The Germany Compound Feed Market size is expected to reach USD 15.77 billion in 2024 and grow at a CAGR of 3.10% to reach USD 18.37 billion by 2029.
What is the current Germany Compound Feed Market size?
In 2024, the Germany Compound Feed Market size is expected to reach USD 15.77 billion.