The Farm Animal Feed Production industry's prospects have fluctuated during the past five-year period alongside dramatic swings in feed prices and decreased demand from downstream farms supplies wholesalers. Global population growth and expansion of developing economies have boosted demand for meat, requiring greater supplies of feed to match growing production. At the same time, a severe drought caused commodity prices to increase dramatically in 2012, resulting in increased feed prices which bolstered the industry early. Over the five years to 2022, IBISWorld forecasts industry revenue to increase. Feed producers are destined to become more export oriented as they react to this global boom in demand for meat.
This industry includes animal feed manufacturers that make food for livestock. Producers use remnants of flour milling, sugar production and other food processing as ingredient inputs to animal feed.
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.