The market for compound feed in France is projected to register a CAGR of 3.4% during the forecast period. French animal breeds are highly popular and preferred internationally for meat and other related products. This has resulted in a surge in livestock production which in turn creates demand for compound feed. According to the European Feed Manufacturers’ Federation (FEFAC), in 2018, the production volume reached 20.82 million metric tons as compared to 20.66 million metric tons in 2016. The increasing domestic meat consumption and rising demand from the livestock production sector are driving the production in the market.
Some of the major companies in the studied market are Cargill Inc, Archer Daniels Midland, Nutreco NV, Alltech Inc., Neovia Group, Terrena, ForFarmers, Charoen Pokphand Foods PCL. For instance, in 2016, Addiseo launched Rovabio Advance, which is a probiotic that improves the digestibility of food in animals and limits the use of antibiotics, when used in animal feed.
Key Market Trends
Growing Animal Export Market
The demand for meat is increasing rapidly as more and more people are becoming aware of the health benefits of meat consumption. According to Eurostat, in 2018, the country accounted for 11.4% of the total EU poultry meat production.
French animal breeds are highly popular and preferred internationally for meat and other related products. According to ITC Trade, in 2019, live animals worth USD 2.4 billion were exported compared to USD 2.1 billion live animals in 2016. Among all animal types, in 2019, bovine export amounted highest with the value of USD 1.68 billion. The growing consumer appetite toward meat is expected to drive production in the country which in turn, impacts the compound feed market positively during the study period.
Increasing Demand for Feed is Driving the Market
The increasing large-scale livestock production trend will drive the feed market further leading to higher production. According to the Food and Agriculture Organisation (FAO), in 2018 the poultry bird population was 210 million as compared to 213 million in 2017. To cater the growing meat consumption, the production has to be increased. It can be achieved by providing quality feed to the livestock which will increase the yield.
According to the European Feed Manufacturers’ Federation (FEFAC), in 2018, the production of compound feed was 20.84 million metric tons as compared to 20.64 million metric tons during the previous year. Among all the segments, poultry feed production was the highest which accounted for 8.6 million tons, followed by cattle feed production which accounted for 5.4 million tons.
Competitive Landscape
Some of the players have been expanding their geographical presence by acquiring or merging with the manufacturers in the foreign market. The leading companies focused on the expansion of the business across regions and setting up a new plant for increasing production capacity as well as a product line. The companies are also increasing production capacities of their existing plants. Some of the major companies in the studied market are Cargill Inc, Archer Daniels Midland, Nutreco NV, Alltech Inc.,Neovia Group, Terrena, ForFarmers, Charoen Pokphand Foods PCL.
In 2017, Neovia has acquired a French company Agranix that manufactures boluses and premium dietary products for ruminants and horses. This acquisition will allow Neovia to strengthen its portfolio of products and solutions, strengthen its positions on the specialty nutrition market.
Reasons to Purchase this report:
Some of the major companies in the studied market are Cargill Inc, Archer Daniels Midland, Nutreco NV, Alltech Inc., Neovia Group, Terrena, ForFarmers, Charoen Pokphand Foods PCL. For instance, in 2016, Addiseo launched Rovabio Advance, which is a probiotic that improves the digestibility of food in animals and limits the use of antibiotics, when used in animal feed.
Key Market Trends
Growing Animal Export Market
The demand for meat is increasing rapidly as more and more people are becoming aware of the health benefits of meat consumption. According to Eurostat, in 2018, the country accounted for 11.4% of the total EU poultry meat production.
French animal breeds are highly popular and preferred internationally for meat and other related products. According to ITC Trade, in 2019, live animals worth USD 2.4 billion were exported compared to USD 2.1 billion live animals in 2016. Among all animal types, in 2019, bovine export amounted highest with the value of USD 1.68 billion. The growing consumer appetite toward meat is expected to drive production in the country which in turn, impacts the compound feed market positively during the study period.
Increasing Demand for Feed is Driving the Market
The increasing large-scale livestock production trend will drive the feed market further leading to higher production. According to the Food and Agriculture Organisation (FAO), in 2018 the poultry bird population was 210 million as compared to 213 million in 2017. To cater the growing meat consumption, the production has to be increased. It can be achieved by providing quality feed to the livestock which will increase the yield.
According to the European Feed Manufacturers’ Federation (FEFAC), in 2018, the production of compound feed was 20.84 million metric tons as compared to 20.64 million metric tons during the previous year. Among all the segments, poultry feed production was the highest which accounted for 8.6 million tons, followed by cattle feed production which accounted for 5.4 million tons.
Competitive Landscape
Some of the players have been expanding their geographical presence by acquiring or merging with the manufacturers in the foreign market. The leading companies focused on the expansion of the business across regions and setting up a new plant for increasing production capacity as well as a product line. The companies are also increasing production capacities of their existing plants. Some of the major companies in the studied market are Cargill Inc, Archer Daniels Midland, Nutreco NV, Alltech Inc.,Neovia Group, Terrena, ForFarmers, Charoen Pokphand Foods PCL.
In 2017, Neovia has acquired a French company Agranix that manufactures boluses and premium dietary products for ruminants and horses. This acquisition will allow Neovia to strengthen its portfolio of products and solutions, strengthen its positions on the specialty nutrition market.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Cargill Inc.
- Alltech Inc.
- Midland Feeds
- ABN
- ForFarmer N.V.
- Land O Lakes Purina
- Archer Daniels Midland
- TERRENA
- Wens Group
- Neovia Group
- Charoen Pokphand Foods PCL
- Nutreco NV
Methodology
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