The European poultry feed market, valued at US$26,168.26 million in 2021, is projected to reach US$31,874.91 million by 2028, exhibiting a compound annual growth rate (CAGR) of 2.9% during this period.
This growth is primarily driven by the continuous expansion of the poultry sector in Europe, fueled by increasing demand for poultry meat and eggs. Poultry is a highly cost-effective source of protein, making its products increasingly popular. Health-conscious consumers, particularly the growing youth population with modern dietary habits, are contributing to a surge in chicken consumption. In 2019, poultry meat constituted approximately 39% of global meat production, and worldwide egg production has soared by 150% over the past three decades, according to the FAO. This escalating poultry production necessitates a greater emphasis on quality poultry feed to ensure optimal growth, productivity, and health of flocks. Adequate nutrition is crucial for poultry to reach their full potential, directly translating to increased demand for poultry feed in the European market.
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The COVID-19 pandemic initially hindered the European poultry feed market, with the European Compound Feed Manufacturers' Federation (FEFAC) reporting a 2.7% decline in EU poultry feed production in 2020 due to reduced consumer demand for animal products. Avian influenza outbreaks further exacerbated these challenges. However, as pandemic restrictions ease and the situation improves, consumer preference for chicken meat is rebounding. This anticipated rise in chicken meat consumption and production in the coming years is expected to create significant growth opportunities for the European poultry feed market during the forecast period.
Europe Poultry Feed Strategic Insights
Strategic insights for the Europe Poultry Feed provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Market leaders and key company profiles
ADM
Alltech.
Cargill, Incorporated.
Charoen Pokphand Foods PCL
De Heus Animal Nutrition.
ForFarmers
Kent Corporation
SHV Holdings
The "Europe Poultry Feed Regional Insights" report focuses on the distinct geographical areas within Europe where the poultry feed industry operates and competes. Recognizing local variations, such as diverse consumer preferences (e.g., for specific poultry meat types or organic feed), varying economic conditions, and distinct regulatory environments, is essential for businesses to tailor their strategies effectively to each market. By identifying underserved areas or adapting their product offerings to meet specific local demands, businesses can expand their market reach. A clear focus on these specific markets enables more efficient resource allocation, more targeted marketing campaigns, and stronger competitive positioning against local rivals, ultimately fostering growth within those targeted regions.
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Author's Bio
Akshay
Senior Market Research Expert at Business Market Insights
