In 2023, France led the European market in sold production of farm cattle feeding preparations with a share of 16.2%, followed closely by Spain and the Netherlands. Over the past year, France saw solid growth of 4.66%, while the Netherlands recorded a notable increase of 5.11%. Conversely, some markets like Norway and Hungary experienced slight declines. The five-year CAGR indicates balanced growth across the continent, with some countries like Montenegro experiencing double-digit growth, albeit from a smaller base.
Looking ahead, several trends are expected to influence this market:
- Anticipated demand for organic and sustainable cattle feed could drive growth in countries focused on eco-friendly practices.
- Technological advancements and innovation in feed production may alter the landscape, benefitting countries investing in R&D.
- Regulatory changes and trade agreements within the EU could impact market dynamics and competitiveness.
Top countries in Sold Production of Farm Cattle Feeding Preparations Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 16.2 | 2023 | +2.93% | +4.66% | View data |
| 2 | 2 Spain | 14.78 | 2023 | +1.68% | +0.4% | View data |
| 3 | 3 Netherlands | 14.32 | 2023 | +3.42% | +5.11% | View data |
| 4 | 4 Germany | 12.87 | 2023 | +1.9% | +2.5% | View data |
| 5 | 5 United Kingdom | 10.38 | 2023 | +1.64% | +0.75% | View data |
| 6 | 6 Italy | 9.85 | 2023 | -0.21% | +0.034% | View data |
| 7 | 7 Belgium | 3.97 | 2023 | +2.45% | +3.19% | View data |
| 8 | 8 Norway | 2.9 | 2023 | +1.98% | -1.01% | View data |
| 9 | 9 Sweden | 2.85 | 2023 | +9.06% | +5.76% | View data |
| 10 | 10 Poland | 2.71 | 2023 | +3.06% | +3.4% | View data |
