The European swine feed market is estimated to account for the largest share in 2014, following Asia-Pacific in the global swine feed market. Europe being a developed and urbanized region witness good demand for processed meat products due to changes in the dietary patterns. The demand is due to the cultural habit of eating meat, considering meat a better alternative for supplementing all amino acids, and the consumption of meat in most of restaurants and fast food chains. The meat eating trend in Europe does not differentiate between pork and beef as they are both considered as red meat; swine is produced at high rate, with better scope of consumption.
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In 2014, Spain is estimated to be the largest market for swine feed in terms of value, followed by Germany and France. The market in the U.K. is projected to grow at the highest CAGR%, among the European countries for the review period. There is a rising demand for animal protein. This is because the increase in purchasing capacity and urbanization in Europe is altering the diet priorities of masses. Almost all the countries of the European Union are developed and prefer pork in their meal for animal protein. The per capita consumption is also very high. A significant amount of value addition is being done by the pork meat manufacturers in the form of processed meat such as sausages, bacon, and ham, which are being consumed regularly in the ready-to-eat segments.
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To cater to the need of the growing swine feed market, many firms are operationally active in the European continent, which includes Archer Daniels Midland Company (U.S.), Cranswick PLC (U.K.), Chareon Pokphand Foods PCL. (Thailand), Nutreco N.V. (The Netherlands), and ABF PLC (U.K.). These firms adopted strategies including collaborations, mergers & acquisitions, agreements, partnerships to gain market share.
The European swine feed market is largely classified into starter feed, pig grower feed, and sow feed. The market is further studied in terms of the ingredients used in swine feeds, which include antibiotics, amino acids, feed enzymes, and feed acidifiers.
