Animal Feed Production in Canada
The Animal Feed Production industry in Canada has declined slightly over the five years to 2019 due to fluctuations in the price of animal feed. Rising input costs have largely been absorbed by industry operators and have been passed on to downstream producers or offset by rising global demand for meat. Price increases have pressured industry profit over the past five years. While demand for animal feed increased during the prior period, feed prices have also increased since 2014. The industry is expected to grow alongside demand for animal feed and pet food over the five years to 2024. Rising disposable income will likely encourage more Canadians to purchase pets and pet food products.
This industry processes raw ingredients into food for animal livestock and pets. The products are packaged and sold to cattle ranches, dairy farms, other animal-production farms, grocery wholesalers and retailers.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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