France Animal Feed Market - Forecasts from 2024 to 2029

The france animal feed market is evaluated at US$7.936 billion for the year 2022 growing at a CAGR of 1.70% reaching the market size of US$8.927 billion by the year 2029.

Animal feed is considered the demand-led 'livestock revolution' which is taking place as a result of a rapidly growing world population, income growth, and increasing urbanization. Growing consumption of meat and other end products such as milk, and eggs across different regions is considered one of the prime factors driving the growth of the market during the forecast period. The demand for feed has been rising because of the increasing number of facilities for meat and other production and to ensure the quality of the animal products breeders use feeds to satisfy the dietary necessities of the livestock.

Market Drivers

Increased Investments and Technological Advancement

The country's increased investments and technical improvements are projected to drive the animal feed market forward in the next years. For instance, Pennakem Europa, INRAE, the Carnot Institute France Futur Élevage, and Avignon University announced the EcoXtract®Protein project in December 2021, which was selected for total financial assistance of 4.8 million euros through ADEME's PIA program. EcoXtract®Protein seeks to deliver a 100 percent biobased and safe oil, plant protein, and natural component extraction alternative to the feed market. This technology will provide an option to the present hexane extraction method. Using the EcoXtract® bio solvent, the project aims to produce rapeseed, soybean, and sunflower defatted meals in an experimental facility in Bordeaux. INRAE teams, partners of the Carnot France Futur Élevage institute, will then evaluate these solutions in animal feed to determine the health value of the components on domesticated animals and in aquaculture. These tests will aid in the optimization of the process being carried out concurrently by Avignon Université.

Strategic Collaboration has positively impacted the market growth.

Furthermore, major companies in the market are making sustainability a competitive advantage rather than the cost. For instance, Cargill, a worldwide commodity corporation, and InnovaFeed, a French insect protein firm, signed a commercial arrangement in April 2021 to expand their strategic cooperation and deliver sustainable, unique feed choices to new categories of the animal nutrition market.

Pork market to grow steadily

By livestock, the France animal feed market is segmented into pork, aquatic animals, cattle, poultry, and others. The high production and consumption of pork will propel the demand for pork feed in the country. According to FranceAgriMer, France's national establishment for sea products and agriculture, every year, France produces about 23 million pigs. Among the countries in the European Union, France is the third-largest pork producer. Furthermore, according to the national establishment, over 80 percent of pork in the country is produced in Western France. Pork is the most commonly consumed type of meat in France and has become an integral part of most of the French diet. Multiple factors contribute to this growing trend, including increased competition among the brand owners. For instance, in February 2021, InnovaFeed and Auchan launched their third "insect-driven" value chain of the year after their collaboration back in 2017. According to the duo, following this launch, Pork fed with the feed, including insect oils, was made available in four of Auchan's supermarkets in France has been fed a diet that includes insect oil to reduce carbon emissions and increase animal welfare. This development reflected the duo's goals to reduce carbon emissions and enhance animal welfare.

Key Development

• In December 2023:  French retailer Auchan formed a collaboration with feed manufacturer BioMar, shrimp farmer Edpacif, and NGO Earthworm Foundation for the development and commercialization of standard shrimp feed that contains 50% soy content and assists in reducing carbon footprint in shrimp farming.

Segmentation:

By Type

• Fodder
• Forage
• Compound Feed

By Livestock

• Swine
• Aquatic Animal
• Cattle
• Poultry
• Others

By Raw Materials

• Soya
• Corn
• Rendered Meal
• Others