Europe, Middle East, and Africa Animal Feed market are expected to grow at a compound annual growth rate of 3.01% over the forecast period. With regards to Europe, the most significant reductions in dairy cows were reported in Germany, France, and Italy during 2018 and 2019. The factor that is underlying across the European region is dry weather conditions during the summer of 2018. Throughout 2019, the Dutch dairy cow herd recovered from the cuts 2018. SO was the case with Polish, Romanian, and Bulgarian dairy sectors. Nevertheless, The Irish dairy herd has increased since 2010. In 2018 and 2019, imported cereals and derivatives supported milk production and led to a further expansion of the herd, despite the last two dry summers. Beef cow herd too shrank significantly in France, the United Kingdom, and Ireland. Nevertheless, in Spain, Italy, Poland, Lithuania, Latvia, Bulgaria, and Hungary the beef cow herd is growing, due to increasing domestic demand. Further, while total beef consumption is on the decline in the EU, demand for high-quality beef continues to grow. Increased demand for high-quality beef is reported mainly by the foodservice market in Germany, Italy, Spain, and Poland.EU beef exports increased in 2019, supported by production and stock building in 2018. Besides, the spread of African Swine Fever (ASF) in China since the summer of 2018 boosted demand for EU pork and, in turn, demand for piglets for fattening. Based on the good market conditions for the swine breeding sector in 2019, the EU sow herd expanded by 216,000 head. Concerning Turkey, the number of cattle in Turkey is estimated to grow 1.2% in 2020 to 18.1 million animals due to favorable government subsidies and continuing feeder cattle imports albeit at a lower volume. Turkey produced 1 MMT of beef in 2019, which is similar to 2018. Feed is the major cost for Turkish livestock operations, accounting for almost 60 % of total production cost. (Source: USDA)Turkey doesn’t produce enough forage for animals, and there is a shortage of seed production for feed crops. The biggest problem among producers is finding qualified dry forage during wintertime. High-quality imported cattle are not allowed to graze due to a lack of available grassland, and cattle producers need to feed animals with mixed fabricated feed which is dependent on imports. Despite this may be reckoned as a favorable condition for animal feed in this part, Turkey’s Biosafety Law and slow approval process for genetically engineered (GE) feed varieties impact imports and maybe cause restraint in the feed market. With regards to The Kingdom of Saudi Arabia, chicken meat production in 2019 was estimated at 730,000 MT and is projected to increase to 750,000 MT in 2020. Chicken meat consumption during 2019 was estimated at 1.33 MMT and is forecasted to reach 1.38 MMT in 2020 [Source: FAO and USDA]. Thus, considering various regions and the production and consumption tendencies the livestock farming sector albeit facing certain fluctuations is poised to drive the demand for animal feed leading to Europe Middle East, And Africa Animal Feed Market growth during the forecast period.
Purina Animal Nutrition (Land O’Lakes)
New Hope Group
Archer Daniels Midland
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