Germany Animal Feed Market to Reach $ 23 Billion by 2025: TechSci Research
Increasing awareness about contribution of animal feed in
improving diets of farm animals and expanding livestock population is leading
to higher demand for animal feed in Germany.
According
to TechSci Research report, “Germany
Animal Feed Market By Type, By Region, Competition, Forecast &
Opportunities, 2025”, Germany
animal feed market was valued at around $ 19 billion in 2019 and is forecast to
cross $ 23 billion by 2025 due to increasing demand for chicken, beef and other
meat products, resulting in driving the livestock population in Germany. Other major factor behind the growth of animal
feed market in Germany is increasing awareness about contribution of animal
feed in improving the diets of farm animals. Also, the
rising human population and increasing demand for chicken, beef and other meat
products will continue to drive the livestock population in Germany, and this
trend would continue to increase consumption of animal feed in the country.
Browse
more than 14 market data Figures spread through 70 Pages and an in-depth TOC
on" Germany Animal Feed Market"
Germany
animal feed market is segmented based on Type, Region and Company. Based on
type, the market is categorized into Swine Feed, Poultry Feed, Cattle feed,
Milk Replaces and Other (Dogs & cats). Swine Feed dominated the market and
is expected to remain the leading product segment during the forecast period
due to high population of pigs in Germany. Moreover, growing concerns about the
quality of meat have influenced farmers to maintain a better-quality feed for
their pigs. Swine feed is rich in fiber content, vitamins, and minerals and
thus very important to maintain a healthy pork. Furthermore, increasing
awareness regarding the nutrition of pork among consumers is impacting pig
farmers to use high-quality swine feed to provide adequate nutrition to pigs.
By region, the market is segmented into four regions - North East, North
West, South East, and South West. North-West region is expected to hold the
largest market share in 2019 and likely to maintain its dominance throughout
the forecast period, due to the high population of livestock throughout the
region. Deutsche Tiernahrung Cremer, Nestle (Purina-Pet Feed), ForFarmers HaGe Kiel,
Bröring, Agravis Raiffeisen AG, GS Agri, Fleming & Wendeln, Rothkötter, Mars, etc., are some of the leading players operating in Germany animal feed market.
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“Germany
Animal Feed market is growing at a steady rate due to increasing demand for quality
meat products, which in turn leads to adoption of good quality animal feed in
the industry. Further, rising industrial livestock production is creating higher
demand for animal feed in the country, and this trend is anticipated to prevail
through 2025.”, said Mr. Karan Chechi, Research Director with TechSci Research,
a research based global management consulting firm.
“Germany
Animal Feed Market By Type, By Region, Competition, Forecast &
Opportunities, 2025” has evaluated the future growth potential of Germany animal feed market
and provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Germany animal
feed market.
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