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Food consultants predict feed industry growth

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.

Animal Feed Analysis

As demographic shifts and economic advancements catalyse the feed industry, it is crucial food businesses within the industry to remain ambitious, adaptive, and prepared to seize emerging opportunities. At Farrelly Mitchell, we help businesses thrive in dynamic and competitive landscapes.

Our expertise in supply chain optimisation, technology integration, and market strategy equips us to support our clients in their strategy execution, risk management, and market entry & development. Contact us today to leverage our deep industry knowledge and innovative approaches and achieve sustainable success in the evolving feed market.

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Food consultants predict feed industry growth

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sean@initiate.ie

Managing Director
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