At 4.2% CAGR, Europe Corn and Wheat-Based Feed Market is Projected to be Worth US$ 52,727.64 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the Europe corn and wheat-based feed market was valued at US$ 38,024.96 million in 2022 and is expected to reach US$ 52,727.64 million by 2030, registering a CAGR of 4.2% from 2022 to 2030. Benefits of corn and wheat in animal feed and growth of aquaculture industry feed are among the critical factors attributed to drive the Europe corn and wheat-based feed market growth.

Corn and wheat are considered important protein and energy sources in animal feed. Corn-based feed is a high-energy food that provides animals with essential nutrients such as protein, fats, and carbohydrates. The feed is easily digestible. Corn fibers help reduce the cholesterol level and enhance the digestive health of animals. It is a major source of Vitamin A. Owing to the mentioned benefits, corn-based feed improves meat quality and aids milk production among cows and sheep.

Wheat is one of the cereals used to make animal feed with the highest protein content. Wheat has a high energy value with 3.0 to 3.5 Mcal ME (Megacalories of Metabolizable Energy), considered an important energy source in animal feed. Wheat-based feed is mainly used for polygastric animals such as ruminants. Wheat bran is an important source of minerals such as selenium, zinc, iodine, and potassium, which helps in multiple physiological functions such as the immune system. Wheat has a large amount of fiber that facilitates animal digestive processes. Further, wheat has moisture values below 14%; it aids in avoiding problems related to digestibility and contamination by mycotoxin-producing fungi. Such nutritional benefits influence livestock owners to prefer corn and wheat-based feed to maintain or enhance the health of animals. Thus, the benefits associated with corn and wheat-based feed boost the Europe corn and wheat-based feed market growth.

On the contrary, the challenges related to corn and wheat production hampers the growth of Europe corn and wheat-based feed market.

Based on product type, the Europe corn and wheat-based feed market is bifurcated corn-based and wheat-based. The corn-based segment held 89.0% market share in 2022, amassing US$ 33,828.71 million. It is projected to garner US$ 46,663.26 million by 2030 to register 4.1% CAGR during 2022-2030. The corn-based segment is further sub segmented into corn gluten meal, corn gluten feed, and other corn-based feed. The wheat-based segment is further sub segmented into wheat gluten, wheat bran, and other wheat-based feed.

In terms of livestock, the Europe corn and wheat-based feed market is categorized into poultry, ruminants, swine, aquaculture, and others. The poultry segment held 40.1% share of Europe corn and wheat-based feed market in 2022, amassing US$ 15,242.51 million. It is anticipated to garner US$ 20,445.41 million by 2030 to expand at 3.7% CAGR during 2022-2030.

By country, the Europe corn and wheat-based feed market is segmented into Germany, France, Italy, the UK, Spain, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 44.7% share of Europe corn and wheat-based feed market in 2022. It was assessed at US$ 17,012.37 million in 2022 and is likely to hit US$ 22,061.25 million by 2030, registering a CAGR of 3.3% during 2022-2030.

Key players operating in the Europe corn and wheat-based feed market are Agrana Beteiligungs AG, Archer Daniels Midland Company, Associated British Foods Plc, BENEO GmbH, International Nutritionals Ltd, Interstarch Ukraine LLC, Jungbunzlauer Suisse AG, and Roquette Freres SA, among others.


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