Europe Swine Feed Market Size Set to grow at a Steady CAGR of 5.2% during 2022–2028

Published | 16 November 2022

Europe swine feed market is flourishing due to growing demand for premium pork meat, increased pork production, and the faster-growing meat processing sector in the region.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects the size of Europe swine feed market to grow at a CAGR of 5.2% during the forecast period between 2022 and 2028. The region's expanding demand for premium pork is driving the market for swine feed in Europe. In addition, improvements in the meat processing sector are driving the demand for premium meat products, which is fueling the market for further expansion. Additionally, pig farmers have started using compound feeds as they have become more conscious of the significance of maintaining a healthy pig diet. To stop the spread of epizootic diseases, there has also been an increase in the demand for healthy and effective swine feed. Additionally, pork meat producers frequently test new ingredients and feed formulas to develop inventive and effective swine feed variants. Other driving factors for Europe swine feed market include rapid urbanization, shifting consumer lifestyles, and rising demand for organic meat.

Europe Swine Feed Market – Overview

Swine feed is a term used to describe a variety of foods fed to pigs, which have been processed, partially processed, or raw. These foods contain essential nutrients that help pigs maintain their health and well-being. Manufacturers of swine feed use raw materials, such as corn, soybeans, and wheat-based ingredients. They also include a variety of zootechnical, sensory, and nutritive feed additives. Swine feed provides pigs with a highly nutritious diet, which improves the flavor and texture of the pork. Because of technology advancements that have reduced processing costs, the production of swine feed has become easier in Europe.

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Spurring demand for quality pork products to drive Europe Swine Feed Market

To meet the rising demand for meat and high-value animal protein, the livestock industry has come under increasing strain. Population growth, rising incomes in developing countries, and urbanization have all contributed to increased livestock production in Europe. Consumption of animal protein sources is expected to rise as public awareness of the importance of protein-rich diets grows. Pork is one of the most popular and widely consumed meats worldwide, particularly in Europe and Southeast Asia. Hence, the increasing demand for pork is expected to fuel the growth of Europe swine feed market during the period in analysis.

Challenge: Further escalation of Russia and Ukraine war could severely affect supply of major ingredients to Europe swine feed market

Europe swine feed market is adversely affected by the ongoing war between Russia and Ukraine, the world’s two largest producers and suppliers of grains. Hence, the further intensity of the war is feared to trigger the global food crisis. According to UN FAO reports, Russia and Ukraine together held a significant share of 34% in global exports of wheat in 2021. Especially, in the global exports of sunflower cake, both the countries had whopping 81% share. Ukraine and Russia held a combined significant market share in the global exports in maize, barley, sunflower oil, and vegetable oils as well. The report also estimated that Russia and Ukraine supplied about 12% of food calories traded across the globe in 2021.

Ukraine, in particular, is popularly known as the breadbasket of Europe, as it is the region’s major source of wheat. Since the Russian invasion of Ukraine on February 24, 2022, there have been uncertainties over the supply of grains both from Ukraine and Russia to the world, and to Europe in particular. It has resulted in a significant rise in global food prices. Due to spike in grain prices combined with new wave of animal diseases (including avian influenza), the European Feed Manufacturers' Federation (FEFAC) anticipates more than 4% decline in the production of swine feed in 2022 over the previous year. Consequently, the continuous conflict between Ukraine and Russia is anticipated to affect the growth of Europe swine feed market.

Europe Swine Feed Market – Segmental Information

Europe swine feed market is segmented into Antibiotics, Vitamins, Antioxidants, Amino Acids, Enzymes, Acidifiers, and Others based on supplements; Cereals, Oil Seed Meal, Oils, Molasses, and other segments based on ingredients. During the forecast period, the cereals segment is expected to have a significant market share in Europe swine feed market. The market covers major European countries: Germany, UK, Italy, France, Spain, The Netherlands, Belgium, NORDIC Countries, and Rest of Europe.

Impact of COVID-19 on Europe Swine Feed Market

During the COVID-19 pandemic, the lockdown in countries such as Germany, Italy, and the United Kingdom affected the growth of animal feed market in Europe. Most countries have enacted lockdowns or transportation restrictions, which harm production as fewer workers are present. The primary factor influencing the swine feed market was supply chain disruption. China is a major producer and exporter of swine feed, and during the COVID-19 outbreak, when businesses were closed for the Lunar New Year, the country accumulated large quantities of product, enough for two to three months' supply. Furthermore, logistical issues hampered the supply of containers and vessels, as well as the transportation of some micro-ingredients.

Competitive Landscape

Prominent players in Europe swine feed market include BASF, Charoen Pokphand Foods, Novus, Cargill Inc., Land O’ Lakes Inc., Alltech, Inc., Archer Daniels Midland Company, New Hope Group Co. Ltd., Forfarmers B.V., ABF, J.D. Heiskell & Co., Miratorg Agribusiness Holding, and Nutreco N.V. These companies use various strategies, including increasing investments in their R&D activities, mergers and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Europe swine feed market.

Don’t miss the business opportunity in the Europe Swine Feed Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Europe swine feed market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Europe swine feed market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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