Europe Poultry Feed Market Overview
The poultry feed market in Europe is projected to grow from US$ 26,168.26 million in 2021 to US$ 31,874.91 million by 2028, registering a CAGR of 2.9% during the forecast period. This growth is driven by rising poultry production, increasing demand for poultry meat and eggs, and the need for high-quality feed to support optimal poultry health and productivity.
Market Drivers and Trends
- Rising Poultry Production:
- The European poultry sector is experiencing continuous expansion due to increasing consumer demand for poultry products.
- Poultry is one of the most cost-effective protein sources, making it a preferred choice among consumers.
- The growing youth population and evolving dietary habits contribute to the increased consumption of poultry products.
- According to the Food and Agriculture Organization (FAO), poultry meat accounted for approximately 39% of global meat production in 2019.
- Global egg production has surged by 150% over the last three decades, further driving demand for quality poultry feed.
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- Importance of Quality Poultry Feed:
- Providing adequate nutrition is essential for poultry growth, productivity, and overall health.
- Feed consumption plays a crucial role in ensuring flocks reach their full potential.
- The growing poultry sector has significantly increased the demand for premium poultry feed products.
Europe Poultry Feed Report Scope
| 3.ย ย ย ย ย Report Attribute | Details |
| Market size in 2021 | US$ 26,168.26 Million |
| Market Size by 2028 | US$ 31,874.91 Million |
| Global CAGR (2021 – 2028) | 2.9% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered | By Poultry Type: Layers, Broilers, Turkeys |
| By Form: Pellets, Crumbles, Mashed |
| By Category: Organic, Conventional |
| Regions and Countries Covered | Europe, UK, Germany, France, Russia, Italy, Rest of Europe |
| Market leaders and key company profiles | ADM, Alltech, Cargill, Incorporated, Charoen Pokphand Foods PCL, De Heus Animal Nutrition, ForFarmers, Kent Corporation, SHV Holdings |
Impact of COVID-19 and Avian Influenza
- The COVID-19 pandemic adversely affected the European poultry feed market due to reduced consumer demand for animal-origin products.
- The European Compound Feed Manufacturers’ Federation (FEFAC) reported a 2.7% decline in EU poultry feed production in 2020.
- Outbreaks of avian influenza in various parts of Europe further disrupted poultry production and trade.
- However, as restrictions eased and consumer confidence rebounded, demand for chicken meat increased, positively influencing the poultry feed market.
- The resurgence in poultry consumption is expected to create growth opportunities for feed manufacturers in the coming years.
Strategic Insights for the Europe Poultry Feed Market
- Data-Driven Decision Making:
- Industry players can leverage analytics to track market trends, identify untapped segments, and develop competitive value propositions.
- Investors, manufacturers, and stakeholders must stay ahead of market shifts to maintain a strategic advantage.
- Future Market Positioning:
- A forward-thinking approach is essential for businesses aiming for long-term success in this evolving sector.
- Effective strategies empower stakeholders to make informed decisions that enhance profitability and business sustainability.
Regional Insights and Market Expansion
- Geographic Scope:
- Understanding regional variations in consumer preferences, economic conditions, and regulatory frameworks is critical for market success.
- Tailored Market Strategies:
- Businesses should adapt their offerings to meet specific regional demands, optimizing resources and targeting key growth areas.
- Competitive Advantage:
- Identifying underserved markets and tailoring marketing efforts can drive expansion and improve market positioning.
Conclusion
The European poultry feed market is poised for steady growth, driven by increasing poultry production and consumer demand for high-quality feed products. While challenges such as COVID-19 disruptions and avian influenza have impacted the market, the sector is rebounding, presenting new opportunities for manufacturers and investors. By leveraging strategic insights, businesses can navigate market shifts effectively and secure long-term success in this dynamic industry.
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Authorโs Bio:
Akshay
Senior Market Research Expert at Business Market Insights
