Report : Europe Poultry Feed Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Poultry Type (Layers, Broilers, Turkeys, and Others), Form (Pellets, Crumbles, Mashed, and Others), and Category (Organic and Conventional)

Pellets Segment to Dominate Europe Poultry Feed Market during 2019–2028

According to a new market research study on “Europe Poultry Feed Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Poultry Type, Form, and Category,” is expected to reach US$ 31,874.91 million by 2028 from US$ 26,168.26 million in 2021. The market is estimated to grow at a CAGR of 2.9% from 2021 to 2028. Rising poultry production is the major factor driving the growth of the Europe poultry feed market. However, volatility in raw material prices may hinder the growth of Europe poultry feed market. The report provides trends prevailing in the Europe poultry feed market along with the drivers and restraints pertaining to the market growth.

The imposition of COVID-19 restrictions negatively impacted the poultry feed market in Europe. According to the European Compound Feed Manufacturers' Federation (FEFAC), EU poultry feed production fell 2.7% in 2020 because the COVID-19 pandemic affected consumer demand for animal-origin products. Moreover, the avian influenza outbreaks in several parts of Europe added difficulties to the poultry sector. However, chicken meat has begun gaining preference among consumers with the ease of restrictions in response to the improving situation of the ongoing pandemic. This is likely to gradually drive the growth in consumption and production of chicken meat in the coming years, which would subsequently offer growth opportunities for the poultry feed market during the forecast period.

The Europe poultry feed market is segmented into poultry type, form, category, and country. Based on poultry type, the Europe poultry feed market is segmented into broilers, layers, turkeys, and others. In 2020, the broilers segment accounted for the largest revenue share. Based on category, the Europe poultry feed market is segmented into organic and conventional. In 2020, the conventional segment accounted for the largest revenue share. Based on form, the Europe poultry feed market is segmented into pellets, crumbles, mashed, and others. In 2020, the pellets segment accounted for the largest revenue share. On the basis of country, the Europe poultry feed market is segmented into Germany, France, UK, Italy, Russia, and rest of Europe. The rest of Europe accounts for largest market share in the 2020. 

ADM; Alltech.; Cargill, Incorporated.; Charoen Pokphand Foods PCL; De Heus Animal Nutrition.; ForFarmers; Kent Corporation; and SHV Holdings; are among the leading companies in the Europe poultry feed market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, ForFarmers launched its new range of organic layer feeds. With access to organic soya oil, the company has revolutionized organic layer diets with its new range of organic feeds.

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