Animal Feed

Animal feed is mainly used to feed domesticated animals such as livestock and pets. Thus, the animal feed industry focuses on the production and consumption trends of animal feed, including pet food.

Animal feed plays a crucial role in the global food industry performance, and the segment contributes significantly to the economic growth of nations as it ensures the availability of abundant, safe, and Animal feed is mainly used to feed domesticated animals such as livestock and pets. Thus, the animal feed industry focuses on the production and consumption trends of animal feed, including pet food.

Animal feed plays a crucial role in the global food industry performance, and the segment contributes significantly to the economic growth of nations as it ensures the availability of abundant, safe, and affordable nutrients for animals. Surging demands for animal products with increasing global population propels livestock production businesses, resulting in the growth of the animal feed industry. Commercially, animal feed is produced and consumed globally in more than 130 countries, and it has reached the annual production volume of 1 billion tonnes. According to the International Feed Industry Federation (IFIF), the global annual turnover of animal feed industry is ~US$ 400 billion. Although the demand for plant-based proteins is increasing, the demand for animal-based protein is higher that the demand for the former, which boosts the requirement of livestock products such as beef, chicken, milk, and eggs. As per the data cited by the IFIF, ~300 million tonnes of feed, out of the 1 billion tonnes of that produced globally, is produced by the on-farm mixing of ingredients. This creates hurdles for the food safety authorities to audit the feed produced due to the irregularities in audits. Therefore, the production of animal feed in farms is coming out as a major challenge restricting the growth of the animal feed industry.

China, the US, Brazil, Russia, Mexico, India, Turkey, and Spain are among the key compound feed producers in the global market. They, cumulatively, produce ~55% of the globally produced animal feed and account for ~59% of the feed mills in the world. In terms of market competition, the global animal feed industry is highly fragmented, with the presence of numerous regional and global industry players. A few highly appreciated industry-related reports published by The Insight Partners talk about the markets for animal feed, blood meal, pet food, pet food ingredients, compound feed, and feed premixes.

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