Europe Animal Feed Market
Trends, Size, Segment and Growth by Forecast to 2030

Market Overview and Dynamics

The animal
feed market in Europe is expected to grow from US$ 98,934.86 Million in
2018 to US$ 1, 35,038.39 Million by 2027; it is estimated to grow at a CAGR of
3.4% from 2018 to 2027. According to the United Nations, 821 Million people in
2018 were undernourished. Taking into account all the people in the world
affected by moderate levels of food insecurity as well as those who suffer from
hunger, it is estimated that more than 2 billion people do not have regular
access to sufficient and nutritious food. The World Bank and many private and
public companies have made investments in rural and agricultural development to
boost nutrition and food production and mitigate food insecurity. The unabated
increase in the population has strained the food supply chain and increased the
demand for high calorie and protein diet. According to a study by the United
Nations, the world will need 70% more food to feed a population of 9.6 billion
people. Hence, technological advancements in animal nutrition to improve
productivity of farm animals and increase the production of dairy and milk has
become paramount to provide adequate nutrition to the world. The need for
wholesome food to feed the burgeoning population base presents a lucrative
opportunity for the livestock, meat, dairy, and its allied animal feed
industry. Animal feed industry is anticipated to receive investments across the
globe to aid in balanced nutrition program of animals, which is crucial to
supplement the protein and daily nutrition requirements of the world. This is
bolstering the growth of the Europe animal feed market.



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In Europe, Italy is the hardest-hit country by the COVID-19
outbreak. It is expected to suffer an economic hit due to a lack of revenue
from various industries, as Spain recorded the highest number of COVID-19
cases. Other member states have implemented drastic measures and travel
restrictions, including partially closing their borders. This is anticipated to
impact market growth in Europe.



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

Strategic insights for the Europe Animal 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

  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

  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 terms of form, the pellets accounted for the largest
share of the Europe animal feed market in 2018. In terms of livestock, the
poultry segment held a larger market share of Europe animal feed market in
2018.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for
preparing this report on the Europe animal feed market are company websites,
annual reports, financial reports, national government documents, and
statistical database, among others. Major companies listed in the report are
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.

Reasons to buy report

• To
  understand the Europe animal feed market landscape and identify market
  segments that are most likely to guarantee a strong return


• Stay
  ahead of the race by comprehending the ever-changing competitive landscape
  for Europe animal feed market


• Efficiently
  plan M&A and partnership deals in Europe animal feed market by
  identifying market segments with the most promising probable sales


• Helps
  to take knowledgeable business decisions from perceptive and comprehensive
  analysis of market performance of various segment form Europe animal feed
  market


• Obtain
  market revenue forecast for market by various segments from 2020-2027 in
  Europe region.

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Author’s Bio

Akshay

Senior Market Research Expert at Business Market Insights