Italy Compound Feed Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 9.67 Billion |
| Market Size (2029) | USD 11.37 Billion |
| CAGR (2024 - 2029) | 3.30 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Italy Compound Feed Market Analysis
The Italy Compound Feed Market size is estimated at USD 9.67 billion in 2024, and is expected to reach USD 11.37 billion by 2029, at a CAGR of 3.30% during the forecast period (2024-2029).
- Driven by a surge in the consumption of animal-based food products, the Italy compound feed market is set for robust growth. Shifts in consumer dietary preferences, emphasizing the quality of dairy and meat products, have fueled this market's expansion during the forecast period. Additionally, a well-balanced animal feed is crucial not only for ensuring animal health but also for producing safe and high-quality animal products.
- Italian consumers are gravitating towards premium meat offerings, with nearly 45% favoring locally sourced products. Eurostat data highlights this trend: cow slaughters in Italy rose from 561.9 thousand in 2021 to 602.8 thousand in 2022. This uptick has led to a significant increase in domestic cattle breeding, especially for the 'Vitelloni Piemontesi della Coscia' PGI, with a population of 315,000 heads. Other notable breeds include 52,000 Marchigiana, 46,000 Chianina, 12,000 Romagnola, and 5,000 Podolica.
- In Italy, a rising appetite for animal-derived proteins has intensified livestock production, heavily reliant on compound feed. Recently, the compound feed industry has become more capital-intensive, increasingly harnessing technological advancements to boost efficiency and sustainability. These advanced methods tailor feeds not only to livestock farmer demands but also consider the environmental impact. Moreover, Italy is gradually reintroducing processed animal proteins (PAPs), marking a step towards a sustainable production model and hinting at market expansion.
Italy Compound Feed Market Trends
Poultry is the Largest Growing Animal Type in the Segment
- In Italy, the per capita consumption of poultry products has surged, as consumers from diverse demographics increasingly recognize poultry as a vital source of nutrition and protein. This heightened demand has led to a corresponding uptick in meat product production.
- Data from the European Feed Manufacturers' Federation (FEFAC) reveals that in 2022, Italy produced 14.5 million metric tons of compound feed. Notably, poultry feed dominated this production, accounting for 5.7 million metric tons, trailed by pork feed at 4.0 million metric tons. While Italy's overall feed production saw a 4% dip in 2022 compared to 2021, the consumption of livestock products is projected to rise, driven by shifting consumer preferences, thereby bolstering the compound feed market.
- Insights from the National Association of Animal Feed Producers Italy (Assalzoo) highlight a 1.4% decline in the pig farming sector in 2022, while the beef sector witnessed a 1.3% growth, bringing it to 3.7 million metric tons. In Italy, consumers across various demographics regard red meat and poultry products as essential nutritional sources. This perception has fueled a rapid expansion in per capita consumption, subsequently driving up meat product production.
Cereals are the Fastest Growing Segment
- In Italy, cereals utilized in the animal feeding industry boast nutritional components, including 21% to 27% dietary fiber, 12% to 16% crude protein, and 18% to 22% crude fat. The predominant cereals in compound feed manufacturing are corn, barley, and sorghum. The European Feed Manufacturers’ Federation (FEFAC) reports that livestock accounts for 61% of the internal usage of Italy-produced cereals in 2022. Farmers directly use up to 32% of these cereals for animal feeding, while the industrial compound feed industry consumes 29%.
- Corn dominates Italy's feed grain landscape, constituting over 95% of the total production and usage. Following corn, the other significant feed grains include sorghum, barley, and oats, with barley making up one-third of Italy's cereal production in 2022. While nearly two-thirds of Italy's cereals cater to animal feed, the remaining third is allocated for human consumption. Price fluctuations in cereals, driven by production variances across regions, pose challenges for their use in compound feed. Nonetheless, feed manufacturers are increasingly turning to cereal by-products, attracted by their cost-effectiveness.
Italy Compound Feed Industry Overview
The Italian compound feed market is highly consolidated with the major players holding a larger share in the country. Leading companies are focused on acquiring feed mills and small manufacturing for expansion of the business in local as well as foreign markets. Companies are not only competing based on product quality and promotion but also focused on strategic moves to hold larger market shares. Some of the major companies that dominating the market studied are Archer Daniels Midland Company, Alltech Inc, Cargill Inc, Land O' Lakes Inc (Purina Mills), and Nutreco N.V.
Italy Compound Feed Market Leaders
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Archer Daniels Midland Company
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Alltech Inc
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Cargill Inc
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Land O' Lakes Inc (Purina Mills)
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Nutreco N.V.
*Disclaimer: Major Players sorted in no particular order
Italy Compound Feed Market News
- March 2024: In a bid to protect its agri-food heritage, the Italian government passed a bill prohibiting laboratory-produced food and animal feed. Consequently, Italian industries are barred from producing food or feed sourced from ‘cell cultures or tissues derived from vertebrate animals.’
- June 2023: Alltech has introduced Triad, a solution that promotes successful farrowing and pig livability through a palatable, proprietary blend of Alltech ingredients. The supplementation of these compounds in combination can support the parturition process, reduce the incidence of stillborn pigs, and boost the number of wean pigs per sow.
Italy Compound Feed Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Defination
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increase in Meat Consumption
4.2.2 Novel Innovations in Feed Formulations
4.2.3 Rising Focus on Animal Health
4.3 Market Restraints
4.3.1 Shift Towards Vegan Diet
4.3.2 Rising Raw Material Prices
4.4 Porters Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Ingredient
5.1.1 Cereals
5.1.2 Cakes & Meals
5.1.3 By-products
5.1.4 Supplements
5.2 Animal Type
5.2.1 Ruminants
5.2.2 Poultry
5.2.3 Swine
5.2.4 Other Animal Types
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Archer Daniels Midland Company
6.3.2 DeKalb Feeds
6.3.3 Heiskell & Co.
6.3.4 Kent Feeds
6.3.5 Nutreco N.V
6.3.6 Cargill Inc.
6.3.7 Land O Lakes (Purina Mills)
6.3.8 Alltech Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Italy 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 Italy Compound Feed Market is segmented by Animal Type (Ruminants, Poultry, Swine, and Others) and by Ingredients (Cereal, Cakes and meals, By-Products, and Supplements). The report offers the market size and forecasts in terms of value (USD) and volume (metric tons) for the above-mentioned segments.
| Ingredient | |
| Cereals | |
| Cakes & Meals | |
| By-products | |
| Supplements |
| Animal Type | |
| Ruminants | |
| Poultry | |
| Swine | |
| Other Animal Types |
Italy Compound Feed Market Research Faqs
How big is the Italy Compound Feed Market?
The Italy Compound Feed Market size is expected to reach USD 9.67 billion in 2024 and grow at a CAGR of 3.30% to reach USD 11.37 billion by 2029.
What is the current Italy Compound Feed Market size?
In 2024, the Italy Compound Feed Market size is expected to reach USD 9.67 billion.
Who are the key players in Italy Compound Feed Market?
Archer Daniels Midland Company, Alltech Inc, Cargill Inc, Land O' Lakes Inc (Purina Mills) and Nutreco N.V. are the major companies operating in the Italy Compound Feed Market.
What years does this Italy Compound Feed Market cover, and what was the market size in 2023?
In 2023, the Italy Compound Feed Market size was estimated at USD 9.35 billion. The report covers the Italy Compound Feed Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Italy Compound Feed Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Italy Compound Feed Industry Report
Statistics for the 2024 Italy Compound Feed market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Italy Compound Feed analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Italy Compound Feed Market Report Snapshots
