Market Overview and Dynamics
The European animal feed market is projected to expand from approximately US$ 98.9 billion in 2018 to US$ 135.0 billion by 2027, growing at a compound annual growth rate (CAGR) of 3.4% during the forecast period. This growth is driven by the increasing global demand for nutritious and protein-rich food, amid mounting food insecurity challenges. According to the United Nations, around 821 million people were undernourished in 2018, and when accounting for those facing moderate food insecurity, over 2 billion people worldwide lack regular access to sufficient, nutritious food.
đź“šDownload Full PDF Sample Copy of Market Report @
https://www.businessmarketinsights.com/sample/TIPRE00014323
To address this pressing issue, global initiatives led by organizations like the World Bank, alongside private and public sector investments, have focused on enhancing rural and agricultural development. These efforts aim to boost food production and improve nutrition worldwide. As the global population rises, the demand for high-calorie and protein-rich diets has surged, placing significant strain on the food supply chain. The United Nations estimates that food production must increase by 70% to adequately feed an expected 9.6 billion people in the coming decades.
In response, technological advancements in animal nutrition have become critical to improving the productivity of farm animals and increasing outputs in dairy and meat production. These innovations enable more efficient and balanced animal feed formulations, which are essential to meeting the nutritional requirements of livestock and, ultimately, the global population. This rising need for wholesome food and protein sources represents a significant growth opportunity for the livestock, meat, dairy, and animal feed industries in Europe.
The animal feed sector is anticipated to attract substantial investments worldwide, supporting the development of balanced nutrition programs that enhance the health and productivity of farm animals. Such efforts are crucial to addressing protein supplementation and daily nutritional needs, further bolstering the growth of the European animal feed market.
However, the market faces challenges due to the COVID-19 pandemic’s impact on the European economy. Italy, one of the hardest-hit countries, has experienced a considerable economic downturn due to disruptions across various industries. Spain recorded the highest number of COVID-19 cases, prompting stringent public health measures. Many European Union member states have implemented travel restrictions and partially closed borders, which are expected to affect market dynamics and growth prospects in the near term.
Market Introduction
European continent comprises several developed nations, including Germany, France, United Kingdom, and Italy, among others. The European animal feed market is primarily being driven by the growing demands for innovative animal feed products. Considering the increase in animal farming as well as growth in the animal feed industry, the region is witnessing ample opportunities for the animal feed market players such as Archer Daniels Midland Co, Cargill Inc., Charoen Pokphand Foods Plc, Evonik Industries AG, ForFarmers N.V., and others. In Europe, animal growers incur huge expenditures on the purchase of high-quality animal feed, accessories, and care products for their farming animals and pets. With increasing health consciousness among the consumers towards their animals and pets, the demand for animal feed in the region is expected to grow during the forecast period. Thus, an increase in the production of industrial livestock is anticipated to create a drive for Europe animal feed market in the coming years.
Europe Animal Feed Strategic Insights
Unlocking the future of Europe’s animal feed industry starts with deep, data-driven analysis of the market landscape. Our strategic insights reveal current trends, highlight key players, and uncover important regional distinctions, giving you a comprehensive view of the ecosystem.
By tapping into these insights, stakeholders—from investors to manufacturers—can discover untapped segments and craft unique value propositions that set them apart from the competition. Advanced data analytics empower you to anticipate market shifts early, allowing proactive adjustments and seizing emerging opportunities.
With a forward-looking approach, these insights prepare you to navigate the evolving dynamics of the European animal feed market, positioning your business for sustainable growth and long-term success. Ultimately, these strategic insights serve as a vital tool, enabling informed decision-making that drives profitability and helps achieve your business goals in this fast-moving sector.
Market leaders and key company profiles
ď‚·Â Archer Daniel Midland Co.
ď‚·Â Cargill Inc.
ď‚·Â Charoen Pokphand Foods PLC
ď‚·Â Kester, Evonik Industries AG,
ď‚·Â Forfarmers NV
 Land o’lakes Inc
ď‚·Â New hope group Co. Ltd.
ď‚·Â Nutreco NV
ď‚·Â Perdue Farms Inc.
Europe Animal Feed Regional Insights
The geographic scope of the Europe Animal Feed refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Key Market Segments
In 2018, pellets represented the largest share in the Europe animal feed market by form. Within the livestock category, the poultry segment held the dominant market share during the same year.
Major Sources and Companies Covered
The report draws insights from a range of primary and secondary sources, including company websites, annual and financial reports, government publications, and statistical databases. Prominent companies featured in the report include Archer Daniel Midland Co., Cargill Inc., Charoen Pokphand Foods PLC, Kester, Evonik Industries AG, Forfarmers NV, Land O’Lakes Inc., New Hope Group Co. Ltd., Nutreco NV, and Perdue Farms Inc.
Why Purchase This Report?
- Gain a clear understanding of the Europe animal feed market landscape and pinpoint the segments most likely to deliver strong returns.
- Stay ahead by tracking the evolving competitive dynamics within the European animal feed sector.
- Strategically plan mergers, acquisitions, and partnerships by identifying market segments with the highest sales potential.
- Make informed business decisions through a comprehensive analysis of segment-wise market performance across Europe.
- Access detailed market revenue forecasts by segment for the period 2020-2027, focused on the European region.
Can you see this our reports
North America Neurovascular Devices Market – https://postyourarticle.com/north-america-neurovascular-devices-market-trends-size-segment-and-growth-by-forecast-to-2030-4/
Europe Digital Transformation Market – https://github.com/businessmarketinsights985/business-market-insights/issues/60
North America POS Software Market – https://findit.com/uwttwdjttmkjdpa/RightNow/northamerica-pos-software-markettrends-sizes/882d5ef4-3d66-484e-aab2-4697e239bfd1
Europe Poultry Feed Market – https://sites.google.com/view/businessmarketinsights209/home
Europe Plant Extracts Market – https://www.linkedin.com/feed/update/urn:li:activity:7328391213349314560?utm_source=share&utm_medium=member_desktop&rcm=ACoAAFopQoABFrzJW381cglVQWiY-cw6zAXFC7M
About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & DĂ©fense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications
Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights
