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EU - Animal Feed - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

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Article Publishing Date: Sep 17, 2020

The European Animal Feed Market Shows Persistence Against the Pandemic

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IndexBox has just published a new report: 'EU - Animal And Pet Feed - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

The European EU Animal Feed Market to Continue Growing Despite the Coronavirus Pandemic

For the tenth year in a row, the European Union has recorded an increase in the consumption of animal feed (this hereinafter means compound feed, premixes, etc. feed for farm animals, excluding feed for dogs and cats), which increased by 1.5% in 2019 and amounted to 154 million tons. The consumption grew at an average annual rate of +1.6% from 2007 to 2019, and growth dynamics remained broadly stable with minor fluctuations over the period under review.

In 2019, the EU animal feed market increased by 0.5% to $50.2B (IndexBox estimates), rising for the third year in a row after three years of decline. This figure reflects the total revenues of manufacturers and importers (excluding logistics costs, retail marketing costs and retailers' margins, which will be included in the final consumer price). 

The level of consumption peaked at $59.6B in 2013; however, from 2014 to 2019, consumption failed to regain the momentum. In 2015, the market value decreased significantly, which was caused by a drop in raw materials and energy costs against the background of falling world oil prices. Over the past three years, the market value has been growing only slightly, despite a more pronounced growth in physical terms. 

The COVID-19 pandemic is having a powerful impact on many markets and the economy as a whole, incl. and on the economy of the European Union. Against the background of the introduction of quarantine restrictions, production in entire sectors of the economy has decreased and international transport activity has practically stopped, as a result of which consumer incomes have sharply decreased and consumer behavior patterns have changed.

However, the livestock sector is less affected by these short-term shocks, as quarantine measures have not led to a sharp reduction in the number of farm animals. Thus, in March-July 2020 in the EU there is no sharp drop in the production of feed for farm animals compared to last year. No pronounced growth has been observed either, but frankly speaking, it was not expected due to the rather stable performance of the livestock sector and the absence of prerequisites for a sharp increase in demand for livestock products, whether it be an increase in the population or their incomes.

Despite the fact that the decline in household income should most likely hamper the growth of demand for meat and dairy products, these products remain staple in the diet of Europeans. The decline in demand from the HoReCa sector, closed for several months, can be partially offset by an increase in home consumption. As people began to eat and cook mainly at home during the pandemic, the demand for long-storage products and ready-to-eat meat and dairy products increased. Accordingly, some of the livestock products that were previously supplied to restaurants and cafes could be sent for processing, which is to support agricultural producers.

Since the market for feed for farm animals is predominantly a b2b market, no dramatic changes in sales channels are expected against the backdrop of the pandemic. However, with the use of distance communication and electronic document management, online communication is becoming more and more important even in the b2b sector.  

On the other hand, market growth is hindered by a decline in capital investment amid a downturn in the economy and financial uncertainty, which may delay plans to expand and re-equip livestock farms and, consequently, curb the growth in demand for animal feed. At the same time, government support measures should mitigate these negative effects both for the economy as a whole and for the agricultural sector.

The main risk to the supply chain is the possible disruption of established international supply chains, including suppliers of ingredients and packaging materials, as well as the distribution chain. Supply chains can be disrupted by asynchronous quarantine measures in different countries, as well as restrictions on international transport. However, the possible influence of these factors is now mitigated by the gradual opening of the economy in Europe, which should support both market supply and demand.

Amid the pandemic, the market is likely to face pressure on prices as the sharp drop in oil prices will reduce the cost of raw materials and supplies. Moreover, a temporary increase in unemployment against the background of the closure of entire sectors of the economy will entail a decrease in the cost of labor, which will also reduce the cost of production. On the demand side, lower consumer budgets are likely to force producers to curb price increases.

Given the above-mentioned assumptions, the EU farm animal feed market is expected to remain roughly at the level of the previous year in 2020. In the medium term, as the economy recovers from the effects of the pandemic, the market is expected to grow gradually at about 1% per annum between 2019 and 2030, leading to an increase in market size to 173 million tonnes by the end of 2030.

Spain, Germany and France Constitute the Largest Animal Feed Markets in Europe

The countries with the highest volumes of animal feed consumption in 2019 were Spain (25M tonnes), Germany (23M tonnes) and France (19M tonnes), with a combined 44% share of total consumption. These countries were followed by Italy, the UK, the Netherlands, Poland and Belgium, which together accounted for a further 40%.

From 2007 to 2019, the highest average annual growth rates of animal feed consumption among the leading consumer countries were achieved in Poland and Italy (4.5% and 3.5%, respectively), while the consumption in the other countries grew at a more modest pace.

In value terms, the largest animal feed markets in the European Union were Germany ($7.1B), Spain ($7.1B) and France ($6.4B), together accounting for 41% of the total market. The Netherlands, the UK, Italy, Poland and Belgium lagged somewhat behind, together comprising a further 40%.

The countries with the highest levels of animal feed per capita consumption in 2019 were the Netherlands (751 kg per person), Belgium (631 kg per person) and Spain (539 kg per person).

Source: IndexBox AI Platform

Product coverage:
• Prodcom 10911010 - Premixtures for farm animal feeds
• Prodcom 10911033 - Preparations used for farm animal feeding (excluding premixtures): pigs
• Prodcom 10911035 - Preparations used for farm animal feeding (excluding premixtures): cattle
• Prodcom 10911037 - Preparations used for farm animal feeding (excluding premixtures): poultry
• Prodcom 10921060 - Preparations used for feeding pets (excluding preparations for cats or dogs, p.r.s.)

This report provides an in-depth analysis of the animal feed market in the EU. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in the EU, split by region and country
• Trade (exports and imports) in the EU
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Austria
• Belgium
• Bulgaria
• Croatia
• Cyprus
• Czech Republic
• Denmark
• Estonia
• Finland
• France
• Germany
• Greece
• Hungary
• Ireland
• Italy
• Latvia
• Lithuania
• Luxembourg
• Malta
• Netherlands
• Poland
• Portugal
• Romania
• Slovakia
• Slovenia
• Spain
• Sweden
• United Kingdom
LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Physical Terms, By Country, 2007–2019
Table 7:
Imports, In Value Terms, By Country, 2007–2019
Table 8:
Import Prices, By Country Of Destination, 2007–2019
Table 9:
Exports, In Physical Terms, By Country, 2007–2019
Table 10:
Exports, In Value Terms, By Country, 2007–2019
Table 11:
Export Prices, By Country Of Origin, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2019
Figure 17:
Production, In Value Terms, 2007–2019
Figure 18:
Production, By Country, 2019
Figure 19:
Production, In Physical Terms, By Country, 2007–2019
Figure 20:
Imports, In Physical Terms, 2007–2019
Figure 21:
Imports, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, By Country, 2019
Figure 23:
Imports, In Physical Terms, By Country, 2007–2019
Figure 24:
Imports, In Value Terms, By Country, 2007–2019
Figure 25:
Import Prices, By Country, 2007–2019
Figure 26:
Exports, In Physical Terms, 2007–2019
Figure 27:
Exports, In Value Terms, 2007–2019
Figure 28:
Exports, In Physical Terms, By Country, 2019
Figure 29:
Exports, In Physical Terms, By Country, 2007–2019
Figure 30:
Exports, In Value Terms, By Country, 2007–2019
Figure 31:
Export Prices, 2007–2019

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