France Animal Feed Market Outlook

The france animal feed market is estimated to reach $45,872 million in value terms in 2018 and expected to experience a cagr of 2.5% over the 2018-2032 period, thus reaching a forecast of $54,201 million by 2032. the multiplying population is the key driver for the increased demand for meat and egg production in france. the availability of meat and eggs has been rising due to the efforts of companies for the production of feed for animals. this has resulted in a spurt in the demand for animal feed and is anticipated to further rise in the coming years. the growing awareness among the consumers about the health benefits of animal-based proteins has also pushed the demand for animal feed. the studied market is estimated to be valued at $45,887 million and is expected to experience a cagr of 2.5%, due to the increasing demand for animal feed backed by the rising demand for meat and egg production in the country. however, animal feed prices are increasing due to the rising prices of raw materials. the increasing prices of the products pose a major threat to the growth of the market over the studied period. moreover, the number of pet owners in the country is increasing on account of the hectic lifestyle of the people, which is expected to act as an opportunity for the market in the coming years. in terms of product, the soybean meal segment holds the largest share among other products in the france animal feed market. this animal feed is highly preferred by livestock owners as a major component of the animals’ diets due to its high digestibility. the increasing production of soybean meal is estimated to significantly contribute to the expansion of the animal feed industry. the most prominent companies operating in the france animal feed market are provimi, alltech, adisseo, agrivet agricola, boviteq, and dlg group. the major strategies adopted by these companies are inorganic growth and the acquisition of smaller companies. in the coming years, the france animal feed market is expected to continue growing due to the rising demand for meat and egg production. moreover, the increasing animal feed prices are anticipated to hinder the growth of the market. the rising number of pet owners is expected to act as an opportunity for the market during the period of 2018-2032.