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Italy Compound Feed Market Size (2024 - 2029)

The compound feed market size in Italy is experiencing growth, driven by a rising consumer preference for high-quality, domestically sourced meat and meat products. This trend has led to an increase in the breeding of local cattle breeds, contributing to the expansion of the market. The market's development is further supported by the production of compound feed, which has shown a consistent upward trajectory in recent years.

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Market Size of Italy Compound Feed Industry

Italy Compound Feed Market Summary
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

Italy Compound Feed Market 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 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
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Italy Compound Feed Market Size Summary

The Italian compound feed market is experiencing a steady growth trajectory, driven by the increasing demand for high-quality meat and meat products. This demand is largely fueled by a shift in consumer preferences towards domestically sourced meat, which has spurred the development of domestic cattle breeds. The rising per capita consumption of red meat and poultry products, recognized as vital sources of nutrition, has further propelled the production of meat products. This trend is reflected in the significant output of feed mills across Italy, which cater to the substantial demand for compound feed, particularly in the pork and poultry sectors. The market's expansion is also supported by the broader global increase in animal protein consumption, which is expected to continue, thereby driving the need for enhanced livestock production and, consequently, compound feed.

The Italian compound feed industry is characterized by a consolidated market structure, with major players holding significant shares and actively pursuing expansion strategies. These companies are focusing on acquiring feed mills and small manufacturing units to broaden their business reach both locally and internationally. Strategic mergers and acquisitions have been a key tactic for expanding geographical presence and increasing production capacities. The ongoing expansion efforts are aimed at meeting the growing demand for animal products, as indicated by rising meat sales and consumption trends. This proactive approach by leading companies is expected to sustain the market's growth momentum, aligning with the anticipated increase in animal protein production globally.

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Italy Compound Feed Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increase in Meat Consumption

      2. 1.2.2 Novel Innovations in Feed Formulations

      3. 1.2.3 Rising Focus on Animal Health

    3. 1.3 Market Restraints

      1. 1.3.1 Shift Towards Vegan Diet

      2. 1.3.2 Rising Raw Material Prices

    4. 1.4 Porters Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Ingredient

      1. 2.1.1 Cereals

      2. 2.1.2 Cakes & Meals

      3. 2.1.3 By-products

      4. 2.1.4 Supplements

    2. 2.2 Animal Type

      1. 2.2.1 Ruminants

      2. 2.2.2 Poultry

      3. 2.2.3 Swine

      4. 2.2.4 Other Animal Types

Italy Compound Feed Market Size FAQs

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.

In 2024, the Italy Compound Feed Market size is expected to reach USD 9.67 billion.

Italy Compound Feed Market Report Snapshots

Italy Compound Feed Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)