The poultry feed market in Europe is expected to grow from US$ 26,168.26 million in 2021 to US$ 31,874.91 million by 2028; it is estimated to grow at a CAGR of 2.9% from 2021 to 2028.
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The poultry sector is registering a continual rise across the region. An increase in poultry production is mainly attributed to the rising demand for poultry meat and eggs. Poultry is regarded as one of the most cost-effective protein sources due to which the demand for poultry products, such as eggs and meat, continues to rise. There is a surge in chicken consumption among people who are more concerned about their health. The increasing youth population is expected to lead to an increase in poultry production and consumption with their modern consumption habits. As per the FAO, poultry meat represented about 39% of global meat production in 2019. Global egg production has surged by 150% in the last three decades. The surge in the poultry production has led to an increase in the use of quality poultry feed products. For poultry growth, production, and health, providing proper nutrition is essential. Feed consumption is a vital prerequisite for flocks to reach their full potential of development and productivity. Due to aforementioned factors, the demand for poultry feed has increased significantly, reporting a rise in the Europe poultry feed market.
The imposition of COVID-19 restrictions negatively impacted the poultry feed market in Europe. According to the European Compound Feed Manufacturers' Federation (FEFAC), EU poultry feed production fell 2.7% in 2020 because the COVID-19 pandemic affected consumer demand for animal-origin products. Moreover, the avian influenza outbreaks in several parts of Europe added difficulties to the poultry sector. However, chicken meat has begun gaining preference among consumers with the ease of restrictions in response to the improving situation of the ongoing pandemic. This is likely to gradually drive the growth in consumption and production of chicken meat in the coming years, which would subsequently offer growth opportunities for the poultry feed market during the forecast period.
Europe Poultry Feed Market-Companies Mentioned
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.
Europe Poultry Feed Regional Insights
The geographic scope of the Europe Poultry 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.
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