The French animal feed market is expected to grow at a compound annual growth rate of 1.40% over the forecast period to reach a market size of US$8,461.403 million in 2027 from US$7,676.833 million in 2020.
Animal feed is considered the demand-led 'livestock revolution' which is taking place as a result of a rapidly growing world population, income growth, and increasing urbanization. Growing consumption of meat and other end products such as milk, and eggs across different regions is considered one of the prime factors driving the growth of the market during the forecast period. The demand for feed has been rising because of the increasing number of facilities for meat and other production and to ensure the quality of the animal products breeders use feeds to satisfy the dietary necessities of the livestock.
Increased Investments and Technological Advancement
The country's increased investments and technical improvements are projected to drive the animal feed market forward in the next years. For instance, Pennakem Europa, INRAE, the Carnot Institute France Futur Élevage, and Avignon University announced the EcoXtract®Protein project in December 2021, which was selected for total financial assistance of 4.8 million euros through ADEME's PIA program. EcoXtract®Protein seeks to deliver a 100 percent biobased and safe oil, plant protein, and natural component extraction alternative to the feed market. This technology will provide an option to the present hexane extraction method. Using the EcoXtract® bio solvent, the project aims to produce rapeseed, soybean, and sunflower defatted meals in an experimental facility in Bordeaux. INRAE teams, partners of the Carnot France Futur Élevage institute, will then evaluate these solutions in animal feed to determine the health value of the components on domesticated animals and in aquaculture. These tests will aid in the optimization of the process being carried out concurrently by Avignon Université.
Furthermore, major companies in the market are making sustainability a competitive advantage rather than the cost. For instance, Cargill, a worldwide commodity corporation, and InnovaFeed, a French insect protein firm, signed a commercial arrangement in April 2021 to expand their strategic cooperation and deliver sustainable, unique feed choices to new categories of the animal nutrition market.
Pork market to grow steadily
By livestock, the France animal feed market is segmented into pork, aquatic animals, cattle, poultry, and others. The growth of the segmented is be attributed to the high production and consumption of pork, which is bound to propel the demand for pork feed in the country. According to FranceAgriMer, France's national establishment for sea products and agriculture, every year, France produces about 23 million pigs for pork. Among the countries in the European Union, France is the third-largest pork producer. Furthermore, according to the national establishment, over 80 percent of pork in the country is produced in Western France. Pork is the most commonly consumed type of meat in France and has become an integral part of most of the French diet. According to the UN Food and Agriculture Organization's recent report, in 2019, pork consumption reached 31.9 kg per capita, up by 1.43% when compared to the former year. France is one of Europe's leading producers of animal feed. Multiple factors contribute to this growing trend, including increased competition among the brand owners. For instance, in November 2020, Nuwen's animal nutrition activities merged into Phosphea in order to boost its production operations. In February 2021, for instance, with the pork, InnovaFeed and Auchan launched their third "insect-driven" value chain of the year after their collaboration back in 2017. According to the duo, following this launch, Pork fed with the feed, including insect oils, was made available in four of Auchan's supermarkets in France has been fed a diet that includes insect oil to reduce carbon emissions and increase animal welfare. This development was a reflection of the duo's goals to reduce carbon emissions and enhance animal welfare.
Covid-19 Impact:
The robust outbreak of the virus and its exponential spread resulted in the implementation of nationwide lockdown and trade restrictions which hampered the market. In terms of volume, the market shrank slightly in 2020. However, excessive demand sored the prices of feed raw materials in the country, which led to the rise in prices of animal feed, hence negligibly impacting the value of the market.
Segmentation
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