Report Overview

Europe Swine Feed Market - Industry Trends & Forecast Report, 2028

Europe swine feed market size is projected to grow at a CAGR of 5.2% during the forecast period between 2022 and 2028. The growing demand for high-quality pork in the region is driving the Europe swine feed market. Aside from that, advancements in the meat processing industry are increasing the demand for high-quality meat products, boosting the market growth. Furthermore, as pig farmers become more aware of the importance of maintaining a healthy pig diet, they have begun to use compound feeds. There has been an increase in demand for healthy and functional swine feed to prevent the spread of epizootic diseases. Furthermore, manufacturers are regularly testing new ingredients and feed formulas to create innovative and efficient swine feed variants, which is driving the market growth. Rapid urbanization, changing consumer lifestyles, and rising demand for organic meat are some of the other major factors expected to drive the growth of Europe swine feed market during the period in analysis.

Europe Swine Feed Market – Overview

Swine feed refers to a variety of foods that are fed to pigs that have been processed, partially processed, or raw. These food items include vital nutrients that support the preservation of pigs' health and well-being. Raw materials, such as corn, soybeans, and wheat-based ingredients are used in their production. Additionally, they include various zootechnical, sensory, and nutritive feed additives. Swine feed gives pigs a nourishing diet, which improves the flavor and texture of the pork. The production of swine feed has been made easier in Europe due to technological advancements that have decreased processing costs.

Europe Swine Feed Market

Growth Drivers

Rise in pork production

After China, the European Union is the largest producer of pork in the world and the largest exporter of pork and pork-related goods. Germany, Spain, and France are the main pork producing countries, and together they account for half of the total production in the area. 13% of the European Union's total production is exported. Production is expected to stay constant due to expanding exports. According to the most recent outlook provided by the European Commission, Europe is best positioned to benefit from China's increased demand for pork. According to ITC Trade Map, the export value of swine meat increased from USD 4.4 billion in 2018 to USD 5.0 billion in 2019. With this trend, it has become crucial to increase yield, which can be done by feeding nutrient-enriched feed. As a result, there will be an increasing demand for swine feed in Europe.

Rising demand for high-quality animal protein

The livestock industry has come under increasing pressure to meet the rising demand for meat and high-value animal protein. Population growth, rising incomes in developing countries, and urbanization have all contributed to an increase in Europe livestock production. With increased public awareness of the importance of protein-rich diets, consumption of animal protein sources is expected to rise. It, in turn, is expected to fuel the market growth through the use of high-quality swine feed, as pork is one of the most popular and widely consumed meats worldwide, particularly in Europe and Southeast Asia.

Restraints

Volatile feed prices

It is anticipated that the growth of the swine feed market will be constrained by the fluctuating prices of raw materials used for swine feed. The Russia and Ukraine war disrupted the global food supply chain. As a result, the food prices have increased at a high rate. It also affected the prices of main ingredients in the swine feed. Other significant factors that are anticipated to restrain market growth include rising extraction process costs and strict regulations for the disposal of waste biomaterials.

Challenges

Russia and Ukraine war severely affecting supply of major ingredients

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 the country 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.

Impact of COVID-19 on Europe Swine Feed Market

The stringent lockdown measures in major European countries, such as Germany, Italy, and the UK, slowed the growth of the animal feed market in Europe during the COVID-19 pandemic. Most countries implemented lockdowns or transportation restrictions, which negatively affected the production as fewer workers were present. The primary factor affecting the market for swine feed was the disruption of the supply chain. China is a significant producer and exporter of swine feed, and during the COVID-19 outbreak, when businesses were closed for the Lunar New Year, it accumulated large quantities of products, enough for two to three months' worth of supply. Additionally, because of logistical problems, the supply of containers and vessels as well as the transportation of some micro-ingredients was also negatively impacted.

Europe Swine Feed Market

Segmental Coverage

Europe Swine Feed Market – By Ingredients

By ingredients, Europe swine feed market is categorized into Cereals, Oil Seed Meal, Oils, Molasses, and other segments. Although cracked, rolled, or soaked cereal grains can be used as a good source of feed for pigs, they are the best ingredient for swine feed. Maize, wheat, barley, and lupins are the main ingredients used by the European pig industry, but other grains, such as peas, canola meal, and triticale, are also used. Energy comes from cereal grains, their byproducts, root crops, fats, sugar byproducts, or a variety of fruits. Heat is the only processing step necessary to make cereal starch suitable for human consumption. Utilizing cereals with higher preference values could help create feeds that are more palatable and increase piglets' feed intake during crucial periods like weaning. Given their widespread use and usefulness, cereal feed ingredients could maintain their dominance in Europe swine feed market during the forecast period.

Europe Swine Feed Market - By Supplements

By supplements, Europe swine feed market is divided into Antibiotics, Vitamins, Antioxidants, Amino Acids, Enzymes, Acidifiers, and other segments. Amino acids, vitamins, antibiotics, and enzymes are becoming increasingly popular as additives, because they help swine develop a stronger immune system. Additionally, these additives lower the number of fatalities brought on by diseases, which is again stimulating the market growth.

Europe Swine Feed Market - By Country

Geographically, Europe swine feed market covers major European countries, such as Germany, UK, Italy, France, Spain, The Netherlands, Belgium, NORDIC Countries, and the Rest of Europe. The swine feed market in Europe is expected to grow rapidly during the forecast period due to increased demand for pork and population growth. The European swine feed market accounts for 26% of the total global swine feed market.

Competitive Landscape

Europe swine feed market is fiercely competitive. Prominent players in the 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 market leaders use key strategies, such as new product and service launches, mergers and acquisitions, partnerships, collaborations, and joint ventures. To further grow their market share, these companies are also focusing on investing in innovations and expansions.

Recent Developments

• In September 2022 - PIGWEB project, funded by the European Union, launched the second call for transnational access (TNA) program to set up an infrastructure for experimental research for sustainable pig production in Europe. PIGWEB aims to provide academic and private external researchers with free access to pig research facilities and helping to strengthen the pig research community in the region.

Scope of the Report

By Ingredients

• Cereals

• Oil Seed Meal

• Oils

• Molasses

• Others

By Supplements

• Antibiotics

• Vitamins

• Antioxidants

• Amino Acids

• Enzymes

• Acidifiers

• Others

By Country

• Germany

• UK

• Italy

• France

• Spain

• The Netherlands

• Belgium

• NORDIC Countries

• Rest of Europe

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Europe Swine Feed Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Rise in pork production
         2. Growing demand for high quality pork meat
      2. Restraints
         1. Volatile ingredient prices
      3. Opportunities
         1. NORDIC countries to grow
      4. Challenges
         1. Russia and Ukraine war triggering global food crisis
   3. Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Europe Swine Feed Market Overview
   1. Market Size & Forecast, by Value, 2018–2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Ingredients
         1. Cereals
         2. Oil Seed Meal
         3. Oils
         4. Molasses
         5. Others
      2. By Supplements
         1. Antibiotics
         2. Vitamins
         3. Antioxidants
         4. Amino Acids
         5. Enzymes
         6. Acidifiers
         7. Others
      3. By Country
         1. Germany
            1. By Ingredients
            2. By Supplements
         2. UK
            1. By Ingredients
            2. By Supplements
         3. Italy
            1. By Ingredients
            2. By Supplements
         4. France
            1. By Ingredients
            2. By Supplements
         5. Spain
            1. By Ingredients
            2. By Supplements
         6. The Netherlands
            1. By Ingredients
            2. By Supplements
         7. Belgium
            1. By Ingredients
            2. By Supplements
         8. NORDIC Countries
            1. By Ingredients
            2. By Supplements
         9. Rest of Europe
            1. By Ingredients
            2. By Supplements
5. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Europe Swine Feed Company Market Share Analysis, 2021
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, and others)
6. Impact of Covid-19 on Europe Swine Feed Market
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
   1. BASF
   2. Charoen Pokphand Foods
   3. Novus
   4. Cargill Inc.
   5. Land O’ Lakes Inc.
   6. Alltech, Inc.
   7. Archer Daniels Midland Company
   8. New Hope Group Co. Ltd.
   9. Forfarmers B.V.
   10. ABF
   11. J.D. Heiskell & Co.
   12. Miratorg Agribusiness Holding
   13. Nutreco N.V.
   14. Other Prominent Companies
8. Key Strategic Recommendations
9. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Country
   5. Assumptions & Limitations

*Financial information of case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

List of Figures

Figure 1        Europe Swine Feed Market Segmentation

Figure 2        Europe Swine Feed Market Value Chain Analysis

Figure 3        Company Market Share Analysis, 2021

Figure 4        Europe Swine Feed Market Size, By Value (USD Million), 2018–2028

Figure 5        Europe Swine Feed Market Share, By Ingredients, By Value, 2018–2028

Figure 6        Europe Swine Feed Market Share, By Supplements, By Value, 2018–2028

Figure 7        Europe Swine Feed Market Share, By Country, By Value, 2018–2028

Figure 8        Germany Swine Feed Market Size, By Value (USD Million), 2018–2028

Figure 9        Germany Swine Feed Market Share, By Ingredients, By Value, 2018–2028

Figure 10       Germany Swine Feed Market Share, By Supplements, By Value, 2018–2028

Figure 11       UK Swine Feed Market Size, By Value (USD Million), 2018–2028

Figure 12       UK Swine Feed Market Share, By Ingredients, By Value, 2018–2028

Figure 13       UK Swine Feed Market Share, By Supplements, By Value, 2018–2028

Figure 14       Italy Swine Feed Market Size, By Value (USD Million), 2018–2028

Figure 15       Italy Swine Feed Market Share, By Ingredients, By Value, 2018–2028

Figure 16       Italy Swine Feed Market Share, By Supplements, By Value, 2018–2028

Figure 17       France Swine Feed Market Size, By Value (USD Million), 2018–2028

Figure 18       France Swine Feed Market Share, By Ingredients, By Value, 2018–2028

Figure 19       France Swine Feed Market Share, By Supplements, By Value, 2018–2028

Figure 20       Spain Swine Feed Market Size, By Value (USD Million), 2018–2028

Figure 21       Spain Swine Feed Market Share, By Ingredients, By Value, 2018–2028

Figure 22       Spain Swine Feed Market Share, By Supplements, By Value, 2018–2028

Figure 23       The Netherlands Swine Feed Market Size, By Value (USD Million), 2018–2028

Figure 24       The Netherlands Swine Feed Market Share, By Ingredients, By Value, 2018–2028

Figure 25       The Netherlands Swine Feed Market Share, By Supplements, By Value, 2018–2028

Figure 26       Belgium Swine Feed Market Size, By Value (USD Million), 2018–2028

Figure 27       Belgium Swine Feed Market Share, By Ingredients, By Value, 2018–2028

Figure 28       Belgium Swine Feed Market Share, By Supplements, By Value, 2018–2028

Figure 29       NORDIC Countries Swine Feed Market Size, By Value (USD Million), 2018–2028

Figure 30       NORDIC Countries Swine Feed Market Share, By Ingredients, By Value, 2018–2028

Figure 31       NORDIC Countries Swine Feed Market Share, By Supplements, By Value, 2018–2028

Figure 32       Rest of Europe Swine Feed Market Size, By Value (USD Million), 2018–2028

Figure 33       Rest of Europe Swine Feed Market Share, By Ingredients, By Value, 2018–2028

Figure 34       Rest of Europe Swine Feed Market Share, By Supplements, By Value, 2018–2028

List of Tables

Table 1         Europe Swine Feed Market Share, By Ingredients, By Value, 2018–2028

Table 2         Europe Swine Feed Market Share, By Supplements, By Value, 2018–2028

Table 3         Europe Swine Feed Market Share, By Country, By Value, 2018–2028

Table 4        

Table 5         Germany Swine Feed Market Share, By Ingredients, By Value, 2018–2028

Table 6         Germany Swine Feed Market Share, By Supplements, By Value, 2018–2028

Table 7         UK Swine Feed Market Share, By Ingredients, By Value, 2018–2028

Table 8         UK Swine Feed Market Share, By Supplements, By Value, 2018–2028

Table 9         Italy Swine Feed Market Share, By Ingredients, By Value, 2018–2028

Table 10        Italy Swine Feed Market Share, By Supplements, By Value, 2018–2028

Table 11        France Swine Feed Market Share, By Ingredients, By Value, 2018–2028

Table 12        France Swine Feed Market Share, By Supplements, By Value, 2018–2028

Table 13        Spain Swine Feed Market Share, By Ingredients, By Value, 2018–2028

Table 14        Spain Swine Feed Market Share, By Supplements, By Value, 2018–2028

Table 15        Netherlands Swine Feed Market Share, By Ingredients, By Value, 2018–2028

Table 16        Netherlands Swine Feed Market Share, By Supplements, By Value, 2018–2028

Table 17        Belgium Swine Feed Market Share, By Ingredients, By Value, 2018–2028

Table 18        Belgium Swine Feed Market Share, By Supplements, By Value, 2018–2028

Table 19        NORDIC Countries Swine Feed Market Share, By Ingredients, By Value, 2018–2028

Table 20        NORDIC Countries Swine Feed Market Share, By Supplements, By Value, 2018–2028

Table 21        Rest of Europe Swine Feed Market Share, By Ingredients, By Value, 2018–2028

Table 22        Rest of Europe Swine Feed Market Share, By Supplements, By Value, 2018–2028

Table 23        BASF Company Overview

Table 24        BASF Financial Overview

Table 25        Charoen Pokphand Foods Company Overview

Table 26        Charoen Pokphand Foods Financial Overview

Table 27        Novus Company Overview

Table 28        Novus Financial Overview

Table 29        Cargill Inc. Company Overview

Table 30        Cargill Inc. Financial Overview

Table 31        Land O’ Lakes Inc. Company Overview

Table 32        Land O’ Lakes Inc. Financial Overview

Table 33        Alltech, Inc. Company Overview

Table 34        Alltech, Inc. Financial Overview

Table 35        Archer Daniels Midland Company Overview

Table 36        Archer Daniels Midland Company Financial Overview

Table 37        New Hope Group Co. Ltd. Company Overview

Table 38        New Hope Group Co. Ltd. Financial Overview

Table 39        Forfarmers B.V. Company Overview

Table 40        Forfarmers B.V. Financial Overview

Table 41        ABF Company Overview

Table 42        ABF Financial Overview

Table 43        J.D. Heiskell & Co. Company Overview

Table 44        J.D. Heiskell & Co. Financial Overview

Table 45        Miratorg Agribusiness Holding Company Overview

Table 46        Miratorg Agribusiness Holding Financial Overview

Table 47        Nutreco N.V. Company Overview

Table 48        Nutreco N.V. Financial Overview