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Europe Poultry Feed Market to Grow at a CAGR of 5.5% in the Forecast Period of 2021-26
Europe Poultry Feed Market Analysis provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Poultry Feed providers across Europe.
The research report "Europe Poultry Feed Market Analysis, 2021" further cites that the high market competition is crucially pushing manufacturers to make innovative products. Moreover, the quality and price of feed products play a significant role in this market. Hence, to manage these two, poultry feed producers are likely to increase their presence in raw material production, which, in turn, shall change the procurement strategies in the market.
Impact of COVID-19 Pandemic on the Europe Poultry Feed Market
The outbreak of the Covid-19 pandemic has adversely affected the Europe Poultry Feed Market due to the lockdown imposed across EU-27 countries, which resulted in declining HRI demand. After years of growth, chicken meat production in Europe dropped by 1.6% in the previous year due to the outbreak. Moreover, the poultry sector faced various effects of the pandemic in terms of volatile feed prices and supply chain & foodservice sector disruptions.
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Compound Feed to Witness Fastest Growth Rate During the Forecast Period
Based on the Feed Type, the Europe Poultry Feed Market bifurcates into Normal Poultry Feed, Feed Additives, and Compound Feed. Of these segments, Compound Feed is more likely to grow at a considerable rate in the market during the forecast period. In Compound Feed, various ingredients are combined in a proper proportion to achieve the desired nutrition content. The segment growth primarily owes to the emergence of the organized poultry feed market. Besides, burgeoning demand for high-quality poultry products also leads to aiding the segment growth, reveals MarkNtel Advisors in their research report, "Europe Poultry Feed Market Analysis, 2021."
According to MarkNtel Advisors, the leading industry players in the Europe Poultry Feed Market are Archer Daniel Midland Co., AG Chemi Group, Cargill Inc., Alltech, Evonik Industries AG, Trouw Nutrition, Novozyme + DSM Nutritional Products, Du Pont, BASF, Others (Nusana).