Germany Compound Feed Market

Description

The German Feed premix market has been accounted for US$XX Million and is expected to grow to US$XX Million by 2022, at a CAGR of XX% during the forecast period. Germany provides one of the major markets for the Compound feed industry in Europe. It recently overtook France, in terms of production, to become the largest producer of compound feed in the continent. Cereals and Soybean form the backbone of the compound feed industry. The abundance of these ingredients in the markets has helped the industry to thrive over the years. Supplements and raw materials are grounded together to cater a variety of species. Bulk ingredients in the supplement segment include vitamins, minerals, amino acids, antibiotics and colorants of the industry.

Market Dynamics:

Increasing demand for proteins worldwide and the prominent presence of poultry and animal meat in the local cuisines are some of the factors responsible for the growth of the meat industry, and hence, the compound feed industry in the region. Increased street food culture, changing food habits and increased financial stability of the middle class has also shaped the meat and seafood industry, thus affecting the compound feeds market. The Recent outbreak of avian influenza in Europe and the hygiene concerns about poultry products had reduced poultry consumption in Europe and restrained the growth of poultry feed segment, to some extent.

The highly industrialized German culture has filled the void created by the ban on antibiotics by focusing on the phytogenics segment of the industry. The Nitrofen scandal that took place in 2002 led to significant increase in the regulations of the feed additives, hindering the overall growth of the compound feed industry in the country.

Market Segmentation:
On the basis of ingredients, the market is broadly divided into Amino Acids, Antibiotics, Antioxidants, Vitamins, Minerals, etc. The Vitamins comprise of largest market share, while feed phytogenics show a promising growth rate. On the basis of animal type, the market is divided into Pork, Dairy, Fish and Poultry feed. Swine feed premix has the largest market share in the region. However, as white meat has a lesser amount of cholesterol and saturated fats than red meat, the shift from red meat to white meat, due to rising health-consciousness, has made the poultry feed premix segment more popular.

Geographical Analysis:

The German meat industry is scattered all over the country, each region having its own speciality. The Northern region is a home to German Holstein cows while South Germany sees a wide variety of mountain breeds of cattle. The consumption of Compound feed is more pronounced in the north. Certain regions, such as Bavaria, Swabia and Hamburg are well-known meat-hubs and are prominent consumers of the compound feed in the region.

Key Players

Some of the key players in the industry include Weston Milling Animal Nutrition (Australia), Cargill Inc.(U.S.), DLG Group (Denmark), DSM NV (The Netherlands) and Boris Schweizer GmbH (German).