The poultry sector is registering a continual rise across the region. An increase in poultry production is mainly attributed to the rising demand for poultry meat and eggs. Poultry is regarded as one of the most cost-effective protein sources due to which the demand for poultry products, such as eggs and meat, continues to rise. There is a surge in chicken consumption among people who are more concerned about their health. The increasing youth population is expected to lead to an increase in poultry production and consumption with their modern consumption habits. As per the FAO, poultry meat represented about 39% of global meat production in 2019. Global egg production has surged by 150% in the last three decades. The surge in the poultry production has led to an increase in the use of quality poultry feed products. For poultry growth, production, and health, providing proper nutrition is essential. Feed consumption is a vital prerequisite for flocks to reach their full potential of development and productivity. Due to aforementioned factors, the demand for poultry feed has increased significantly, reporting a rise in the Europe poultry feed market.
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.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 26,168.26 Million |
| Market Size by 2028 | US$ 31,874.91 Million |
| CAGR (2021 - 2028) | 2.9% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Poultry Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Poultry Feed Market is valued at US$ 26,168.26 Million in 2021, it is projected to reach US$ 31,874.91 Million by 2028.
As per our report Europe Poultry Feed Market, the market size is valued at US$ 26,168.26 Million in 2021, projecting it to reach US$ 31,874.91 Million by 2028. This translates to a CAGR of approximately 2.9% during the forecast period.
The Europe Poultry Feed Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Poultry Feed Market report:
The Europe Poultry Feed Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Poultry Feed Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Poultry Feed Market value chain can benefit from the information contained in a comprehensive market report.
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