Emerging Markets Drive Feed Industry Growth

01 June 2015
video

Market Size & Growth

According to Alltech’s most recent Global Feed Survey, the global feed industry is worth an estimated $460 billion. Global production of compound feed grew at a CAGR 2.7% to 980 million tonnes since the turn of the millennium.

Figure 1 illustrates the regional breakdown of global production by species and number of feed manufacturing facilities by region in 2014. Asia and Europe dominate production, producing 36% and 24% of global feed production respectively. Combined, the Americas produce 35% of global volumes, while Africa and the Middle East produce 4% and 3% respectively.

The species breakdown is similar in all regions except the Middle East, where poultry feed dominates to a greater extent in the absence of pork.

Growth in the industry is underpinned by increasing demand for livestock and poultry products which is in-turn, driven by population growth, increased affluence and changing dietary preferences.

Feed is a mature industry in Europe and North America. However, a simple comparison of the percentage of global feed production with the percentage of world population in each region (see figure 2) indicates positive growth prospects for the compound feed industry in Asia and Africa in particular.

To download the full insight, click here. 

Emerging Markets Drive Feed Industry Growth

01 June 2015

Market Size & Growth

According to Alltech’s most recent Global Feed Survey, the global feed industry is worth an estimated $460 billion. Global production of compound feed grew at a CAGR 2.7% to 980 million tonnes since the turn of the millennium.

Figure 1 illustrates the regional breakdown of global production by species and number of feed manufacturing facilities by region in 2014. Asia and Europe dominate production, producing 36% and 24% of global feed production respectively. Combined, the Americas produce 35% of global volumes, while Africa and the Middle East produce 4% and 3% respectively.

The species breakdown is similar in all regions except the Middle East, where poultry feed dominates to a greater extent in the absence of pork.

Growth in the industry is underpinned by increasing demand for livestock and poultry products which is in-turn, driven by population growth, increased affluence and changing dietary preferences.

Feed is a mature industry in Europe and North America. However, a simple comparison of the percentage of global feed production with the percentage of world population in each region (see figure 2) indicates positive growth prospects for the compound feed industry in Asia and Africa in particular.

To download the full insight, click here. 

Malachy Mitchell's featured publications

See All Posts

Food safety & security

Foreign Direct Investment (FDI) and food security

How can the impact of foreign investment be optimised to maximise benefits in terms of food security, while at the same time minimising risks to all stakeholders? 

Insight

Agribusiness

Coffee producers place faith in regenerative agriculture

Regenerative agriculture is seen as a genuine solution as coffee producers battle to protect their crops. But what makes regenerative agriculture so compelling a prospect?

Blog

Food safety & security

Health of children at the heart of UN food safety summit

The UN Food Safety Summit will assess why the food system continues to cause poor diet, malnutrition, undernutrition, obesity and child mortality prevails.

Blog
See All Posts

Join our latest webinar on climate change and food safety.

Get in touch with us or find an office closest to you.
Register now