United Kingdom Animal Feed Market to Surpass $4.8 Billion by 2027 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "United Kingdom Animal Feed Market - Forecasts from 2022 to 2027" report has been added to ResearchAndMarkets.com's offering.

The UK animal feed market is expected to grow at a compound annual growth rate of 2.04% over the forecast period to reach a market size of US$4,849.450 million in 2027, from US$4,210.505 million in 2020.

Animal feeds are products that are used to help animals stay healthy. Different feed dosages are supplied depending on the animal. Over the projected period, rapid urbanization and increased meat and other end-product consumption, such as milk and eggs, in various locations will fuel the animal feed market growth potential. The feed aids in the expansion of the animal's capacity, accelerating growth and weight gain, and enhancing immunity by supplying greater nutrients. Animal illness outbreaks are a significant motivator for the use ofanimal feed, which promotes animal health and helps to regulate the food supply chain.

Market Trend

Due to expanding meat consumption and health consciousness in the country, the UK animal feed market has a large share of the European feed market. In the future years, technological improvements in the animal feed industry, together with the country's established poultry and swine industries, are likely to propel market growth potential. Furthermore, rising public awareness of the health advantages of algae-based components in animal feed is a crucial factor driving market expansion. Microalgae is essential for enhancing animal feed with nutrients throughout the early phases of cattle development. It also promotes physical growth while ensuring the production of high-quality eggs, milk, and meat.

Growth Factors

Demand for animal protein is increasing.

Due to shifting dietary trends, urbanization, population increase, and economic growth, the United Kingdom area has one of the greatest rates of meat consumption growth. In recent years, there has been a growing public awareness of the health benefits of protein consumption. This resulted in various changes in dietary habits and consumption patterns, including a move toward increasing consumption of meat and dairy products. Consumers are more concerned about their health; thus, they are focused on nutrient-dense products obtained from calves fed enriched feed. This rising demand for various animal products is helping to drive the ruminant feed market in this region forward. Also, most of the meat consumed in the EU is exported by the United Kingdom. According to the national farmers union in the UK, The EU accounts for 82 percent of UK beef exports. The UK exports 30% of its lamb, the majority of which goes to the EU.

Restraints

Disease Outbreaks and Unprecedented Price Hikes to wreak havoc on the cattle feed market.

Farm animals' immunity is neutralized by unsafe and contaminated feed ingredients, resulting in a loss of productivity for farmers. As disease outbreaks have become more regular, livestock producers have begun to invest in high-quality feed premixes. Customers have placed great value on product safety and quality assurance. Diseases can impact the trade of livestock goods like dairy, meat, and by-products. For a long time, the illness-affected areas have been prohibited from exporting these products until the disease has been entirely isolated and managed.

Rising Veganism culture

According to the Plant-based food association, from the beginning of 2020, the plant-based diet has been increasing in the UK. The data showed that 1.1 million people followed a plant-based diet at the beginning of 2020. Now figures show that 1.5 million people, which is equivalent to 3% of the population, have been moving towards veganism. This can threaten the animal feed industry as people become more health-conscious, opting for alternatives and moving towards vegetarian and vegan meals.

Impact of COVID-19 Pandemic:

Not only has the pandemic and its accompanying lockdown caused enormous distress to millions of poor and marginal farmers who were attempting to save their crops and/or livestock to ensure their livelihoods, but it has also had an impact on the overall poultry, dairy, and other livestock production systems and value chains, nutrition, and health care, as well as labor availability. Many livestock feed manufacturers are experiencing difficulties obtaining feed raw materials and packing ingredients consistently. Truck traffic between states has been restricted, and there have been labor shortages reported.

Segmentation:

By Type

• Fodder
• Forage
• Compound feed

By Livestock

• Pork
• Aquatic Animals
• Cattle
• Poultry

By Raw Material

• Soya
• Wheat
• Rendered Meal

By Production Systems

• Integrated
• Commercial mills

Key Topics Covered:

1. INTRODUCTION

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

5. UK ANIMAL FEED MARKET ANALYSIS, BY TYPE

6. UK ANIMAL FEED MARKET ANALYSIS, BY LIVESTOCK

7. UK ANIMAL FEED MARKET ANALYSIS, BY RAW MATERIAL

8. UK ANIMAL FEED MARKET ANALYSIS, BY PRODUCTION SYSTEMS

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

10. COMPANY PROFILES

Companies Mentioned

• Cargill Corporation
• Biomin
• AllTech Inc.
• Archer Daniels Midland
• BASF SE
• Kemin Industries, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/epkr2q