The Ukraine animal feed market vas valued at US$2.759 billion in 2020.
Growing consumer consciousness regarding the safety of animal-based feed, coupled with the outbreaks of infectious diseases within animals, is expected to be a primary factor influencing the demand for animal feed during the analyzed period. Feed for animals is food products grown and produced for consumption by species like swine, aquatic animals, poultry, and ruminants, among others. It is made by the combination of high-nutritional-value products. The growing demands of users for animal-based products are expected to accelerate the growth of the animal feed market in Ukraine. The industry is projected to grow as a result of a huge emphasis being laid on animal care. Further, the higher emphasis directed on the health of farm animals and the increasing movement of adherents of organic farming is expected to drive growth in the animal feed market. Steadily inclining livestock farming is expected to result in an increased animal feed demand in the country.
The primary drivers of expansion in Ukraine are expected to be the country's huge agricultural holdings, along with the advancement of compound feed exports. Ukraine’s agricultural strength on a worldwide scale, as well as the key sectors such as feed ingredient production, feed production, livestock farming, poultry production, egg production, and the export of these products, are expected to play a key role in the growth of the animal feed market in the region. According to Ukraine's agricultural ministry, Ukraine is considered a critical country for global food security.
The export possibilities of chicken meat and table egg have encouraged modern industrial production in the country and thus, resulted in an increase in poultry feed production which reached about 66 % of total compound feed production. Cattle and pig production are not yet industrialized and thus, are not fed enough by the compound feed. Investment in modern pig and cattle farms is expected to increase the demand for compound feed usage since more efficient meat production will result in the cost of meat being more competitive for export markets, which would thus, attribute to the growth of the market.
Challenges
Market opportunities are predicted to be shunned in a short term due to the strong regulatory framework controlling animal feed production in the country. The higher variation of raw material costs, as well as the branding of oil and fat products and safety concerns, are presumed to restrain the growth of the Ukrainian animal feed market in the forecast period.
Key Insights
HoReCa shutdowns around the country due to the outbreak of the virus had a negative impact on the animal feed industry. Due to the drastic shift in consumer consumption patterns caused by the COVID-19 outbreak, producers were forced to reconsider their plans and strategies. Lamb yield, aquaculture, veal, and beef production were among the worst affected industries. Fish farming farmers and farm animal producers in the country were forced to call for emergency management measures in order to mitigate the effects of the pandemic. The consumption rate of fish and meat also decreased dramatically. As a result, demand for animal feed decreased significantly due to the coronavirus in the country.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Market Size Value in 2020 | US$2.759 billion |
| Growth Rate | CAGR during the forecast period |
| Base Year | 2020 |
| Forecast Period | 2022–2027 |
| Forecast Unit (Value) | USD Billion |
| Segments Covered | Type, Livestock, Raw Materials, And Production Systems |
| Companies Covered | Nutreco, Novus International, Cargill, Novozymes, Royal Agrifirm Group, BASF SE, Charoen Pokphand Foods PCL, Archer Daniels Midland Company |
| Customization Scope | Free report customization with purchase |
Segmentation