From Traditional to Nutritious Diet–Europe Poultry Feed Market is Witnessing Rapid Shift

Poultry Feed is the food given to domestic poultry animals to enhance their health and quickly promote their growth to yield more profit. The Europe Poultry Feed Market is likely to grow at a CAGR of 5.5% during the forecast period, i.e., 2021-26. The rapidly increasing population in Europe and their mounting demand for poultry food are the prime aspects augmenting the market growth in the region.

According to Eurostat, the EU produced 13.3 million tons of poultry meat in 2019, a 0.8% increase from the level captured in 2010. Hence, it propels poultry meat production in the region, which, in turn, would fuel the demand for poultry feed in the coming years.

The leading players in the Europe Poultry Feed Market include Archer Daniel Midland Co., AG Chemi Group, Cargill Inc., Alltech, Evonik Industries AG, Trouw Nutrition, Novozyme + DSM Nutritional Products, Du Pont, BASF, Others (Nusana).

Based on the Animal, the market divides into Chicken, Turkey, and Others, including Ducks & Goose. The Chicken segment further bifurcates into Layers, Broilers, and Grandparents. Of these three, Broiler captured the largest share of the Europe Poultry Feed Market in the previous few years as they exhibit a higher feed conversion ratio, thereby requiring more protein & energy than others.

Geographically, the UK accounted for the largest share of the Europe Poultry Feed Market in recent years. It is due to rising health awareness and technological advancements in the country, resulting in establishing an organized poultry feed market.

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Further, the Europe Poultry Feed Market is likely to witness its fastest growth in Poland during the forecast period, primarily due to export. The burgeoning demand for meat & eggs in the country shall also accelerate the overall market growth.

Additionally, Farm owners no longer endorse traditional diets given to the poultry animals earlier. Instead, they prefer quality feed. This very shift in preferences has spurred the demand for poultry feed to improve the overall health of birds.

The Poultry Feed Market is unorganized due to the presence of several small and mid-sized farms. However, poultry farming is transforming, and with this, establishing the organized sector shall bring significant changes and enhance the overall market growth in the years to come.