The European, Middle East, and African animal feed market is projected to grow at a CAGR of 2.83%, from US$85,511.982 million in 2020 to US$100,853.013 million in 2027.
With regard to Europe, the most significant reductions in dairy cows were reported in Germany, France, and Italy in 2018 and 2019. The factor that is common across the European region is dry weather conditions during the summer of 2018. Throughout 2019, the Dutch dairy cow herd recovered from the cuts in 2018.
In 2018 and 2019, imported cereals and derivatives supported milk production led to a further expansion of the herd, despite the last two dry summers. The beef cow herd also shrank significantly in France, the United Kingdom, and Ireland. Nevertheless, in Spain, Italy, Poland, Lithuania, Latvia, Bulgaria, and Hungary, the beef cow herd is growing, due to increasing domestic demand. Furthermore, while total beef consumption is on the decline in the EU, demand for high-quality beef continues to grow. The food service industry in Germany, Italy, Spain, and Poland reported an increase in demand for premium beef. Exports of beef from the EU rose in 2019, owing to the output and stock growth in 2017.
Favourable Government Subsidies
Besides, the spread of African Swine Fever (ASF) in China since the summer of 2018 has boosted demand for EU pork and, in turn, demand for piglets for fattening. Based on the optimal market conditions for the swine breeding sector in 2019, the EU sow herd expanded by 216,000 head.
Concerning Turkey, the number of cattle in Turkey is estimated to grow 1.2% in 2020 to 18.1 million animals due to favorable government subsidies and continuing feeder cattle imports, albeit at a lower volume. Turkey produced 1 MMT of beef in 2019, which is similar to 2018. Feed is the major cost for Turkish livestock operations, accounting for almost 60 % of the total production cost (Source: USDA). Both forage output for animals and seed production for feed crops are insufficient in Turkey.
The largest challenge for producers during the winter is locating qualified dry pasture. Owing to the lack of adequate amounts of grassland for high-quality imported cattle to graze, cattle farmers must feed their animals with mixed artificial feed, which is dependent on imports. Although this may be reckoned as a favourable condition for animal feed in this part, Turkey’s Biosafety Law and slow approval process for genetically engineered (GE) feed varieties impact imports and may cause restraint in the feed market.
Meat consumption in the Middle East and African region
With regards to the Kingdom of Saudi Arabia, chicken meat production in 2019 was estimated at 730,000 MT and is projected to increase to 750,000 MT in 2020. Chicken meat consumption during 2019 was estimated at 1.33 MMT and is forecasted to reach 1.38 MMT in 2020 [Source: FAO and USDA]. Thus, considering various regions and the production and consumption tendencies, the livestock farming sector, albeit facing certain fluctuations, is poised to drive the demand for animal feed, leading to Europe, the Middle East, and Africa Animal feed market.
Key developments in the market:
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Market Size Value in 2020 | US$85,511.982 million |
| Market Size Value in 2027 | US$100,853.013 million |
| Growth Rate | CAGR of 2.83% from 2020 to 2027 |
| Base Year | 2020 |
| Forecast Period | 2022–2027 |
| Forecast Unit (Value) | USD Million |
| Segments Covered | Type, Livestock, Raw Material, And Country |
| Regions Covered | Germany, Spain, The United Kingdom, Italy, The Netherlands, Ireland, Turkey, Saudi Arabia, Russia, Poland, Ukraine, Others |
| Companies Covered | Cargill, Incorporated, Purina Animal Nutrition (Land O’Lakes), New Hope Group, Archer Daniels Midland, BASF SE, De Heus, Alltech, Novus International, Nutreco, Royal DSM N.V. |
| Customization Scope | Free report customization with purchase |
Segmentation