The Latest Feed Industry Statistics Explained
The global animal feed market size was valued at USD 476.8 billion in 2019 (pre-pandemic data).
The statistic indicates that in 2019, the global animal feed market had a total value of USD 476.8 billion before the COVID-19 pandemic affected economic conditions. This figure represents the amount of money spent on animal feed products worldwide during that year. The size of the animal feed market is significant as it reflects the scale of the livestock industry and the demand for feed to support animal production. This information is valuable for stakeholders in the agriculture and livestock sectors to understand the market dynamics, trends, and potential growth opportunities within the animal feed industry.
The US animal feed industry accounted for over $297.1 billion in sales in 2019.
The statistic “The US animal feed industry accounted for over $297.1 billion in sales in 2019” represents the total revenue generated in the United States by companies involved in the production and sale of animal feed products during the year 2019. This figure includes sales from various types of animal feed, such as feed for poultry, cattle, pigs, and other livestock. The large size of the industry highlights the significance of animal agriculture in the US economy and underscores the substantial demand for feed products to support livestock production. This statistic serves as a key indicator of the economic importance and scale of the animal feed sector within the overall agricultural industry in the United States.
70-80% of the cost of poultry production comes from feeds.
The statistic that 70-80% of the cost of poultry production comes from feeds indicates that feed expenses constitute a substantial portion of the overall expenses incurred in raising poultry. This highlights the significance of feed cost in the poultry industry, suggesting that efficient feed management and optimization strategies are crucial for minimizing production costs and maximizing profitability. It draws attention to the importance of selecting cost-effective and high-quality feed ingredients, as well as implementing strategies to reduce feed wastage and improve feed conversion efficiency in poultry production operations. By focusing on feed cost reduction and efficiency enhancements, poultry producers can enhance their financial sustainability and competitiveness in the market.
China is the number one producer of feed globally with 193.09 million metric tons.
The statistic states that China is the leading producer of feed worldwide, with a total production output of 193.09 million metric tons. This figure indicates the significant role that China plays in the global agriculture and livestock industry, as feed is a crucial component in the production of meat, dairy, and other animal-based products. The country’s substantial feed production highlights its ability to support its domestic livestock sector as well as potentially exporting feed to other countries. This statistic also emphasizes China’s importance in the global supply chain and its impact on food security and commodity markets worldwide.
In India, the animal feed market worth is projected to cross $30 billion by 2024.
The statistic “In India, the animal feed market worth is projected to cross $30 billion by 2024” indicates that the value of the animal feed market in India is expected to exceed $30 billion by the year 2024. This projection highlights the significant growth and expansion of the animal feed industry in India, reflecting increased demand for animal feed products and services within the country. Such market forecasts are essential for stakeholders in the industry, including feed manufacturers, farmers, policymakers, and investors, as they provide valuable insights into future trends, opportunities, and challenges in the animal feed sector. The projected growth also signals potential economic impacts and opportunities for businesses operating within the Indian animal feed market.
Broiler feed production accounted for 28% of the world’s total compound feed production.
This statistic indicates that out of the total compound feed production worldwide, broiler feed production specifically represents 28%. Broiler feed is a specific type of animal feed formulated for broiler chickens, which are raised for meat production. The fact that broiler feed accounts for nearly a third of the total compound feed production suggests that the poultry industry, particularly broiler chicken production, is a significant consumer of compound feed on a global scale. This statistic underscores the importance and scale of the broiler industry within the broader context of animal feed production and agriculture as a whole.
The global compound feed market size is expected to reach USD 539.9 billion by 2025.
This statistic indicates that the global compound feed market is projected to grow significantly over the coming years, with a forecasted market size of USD 539.9 billion by 2025. Compound feed refers to a mixture of various ingredients such as grains, additives, and supplements that are formulated to meet the specific nutritional requirements of livestock animals. The expected growth in the market size suggests an increasing demand for compound feed products, likely driven by factors such as rising population, changing dietary preferences, and the growth of the livestock industry. This statistic underscores the importance of the compound feed market in supporting the global agricultural sector and meeting the feeding needs of livestock animals to ensure their growth, health, and productivity.
Around 39% of total feed production globally is for pigs.
The statistic that around 39% of total feed production globally is for pigs indicates the significant impact and importance of the pork industry on the global agricultural sector. Pigs are one of the most consumed sources of meat worldwide, driving a high demand for feed in order to sustain their growth and production. This statistic suggests that a considerable portion of agricultural resources and efforts are allocated towards pig farming, highlighting the economic significance and market demand for pork products. It also underscores the need for sustainable and efficient feed production practices to support the growing demand for pork in the global food supply chain.
Aquaculture feed production grew by 12% from 2018-2019.
The statistic indicates that the total amount of feed produced for use in aquaculture increased by 12% between the years 2018 and 2019. This growth suggests a rising demand for aquaculture products, such as fish and shellfish, which require feed for their growth and development. The increasing production of aquaculture feed may be driven by various factors, including a growing global population, changing dietary preferences towards seafood, and a recognition of the potential of aquaculture to help meet food security needs. The 12% growth rate highlights the expansion and importance of the aquaculture industry in contributing to food production and supply chains.
The global organic feed market size reached USD 6.8 Billion in 2019.
The statistic indicates that the total value of the global organic feed market amounted to USD 6.8 billion in the year 2019. This figure represents the collective revenue generated by sales of organic feed products for livestock and poultry across various regions worldwide. The growth of the organic feed market reflects an increasing consumer preference for organic and sustainable agricultural practices, as well as a rising demand for organic animal products. The market size serves as a significant indicator of the scale and economic impact of the organic feed industry, highlighting the potential opportunities and importance of this sector within the broader agriculture and food production landscape.
The Brazilian feed industry produced 69.6 million tonnes of feed in 2018.
The statistic that the Brazilian feed industry produced 69.6 million tonnes of feed in 2018 indicates the significant scale and importance of the feed industry within the country’s agriculture and livestock sectors. This output reflects the high demand for animal feed in Brazil, a major player in global agricultural production. The industry’s ability to produce such a large quantity of feed demonstrates its capacity to support the vast livestock population and contribute to the country’s position as a leading exporter of agricultural products. This statistic also highlights the pivotal role of the feed industry in ensuring the efficient and sustainable growth of Brazil’s livestock sector.
The global pet food market size was valued at USD 96.3 billion in 2019.
The statistic that the global pet food market size was valued at USD 96.3 billion in 2019 represents the total revenue generated from the sales of pet food products worldwide during that year. This figure is indicative of the significant scale and economic impact of the pet food industry on a global level. The market size serves as a key indicator of the demand for pet food products, reflecting the growing trend of pet ownership and the increasing importance of pet health and nutrition. It also highlights the potential for continued growth and innovation within the pet food market, as companies strive to meet the diverse needs and preferences of pet owners around the world.
Global fish feed production surpasses 40 million metric tons.
The statistic “Global fish feed production surpasses 40 million metric tons” refers to the total quantity of fish feed produced worldwide in a given time period, likely annually. This data point highlights the significant scale of the aquaculture industry, as a substantial amount of fish feed is required to support the growth and development of farmed fish. The increase in fish feed production may be indicative of the growing demand for fish and seafood globally, as well as the expansion of the aquaculture sector to meet this demand. Additionally, this statistic underscores the critical role that fish feed plays in ensuring the sustainability and efficiency of aquaculture operations, as it directly impacts the health, growth, and productivity of farmed fish.
The value of of animal feed additives market is projected to reach USD 22 billion by the year 2022.
The statistic indicates that the animal feed additives market is expected to grow significantly over the next few years and reach a total value of USD 22 billion by the year 2022. This projection suggests a strong demand for animal feed additives, which are substances added to animal feed to improve nutritional content, digestion, and overall health of livestock. The increasing awareness about the benefits of using additives in animal feed, along with the growing livestock industry globally, are likely driving this market expansion. The ability to forecast such market values is essential for businesses and policymakers to make informed decisions and investments in the animal feed industry.
Global poultry feed market was valued at about $200.1 billion in 2020.
The statistic indicates that the total market value of the global poultry feed industry was approximately $200.1 billion in the year 2020. This figure represents the total amount of money spent on purchasing feed for poultry such as chickens, turkeys, and ducks around the world during that year. The value highlights the significant size and economic importance of the poultry feed market, reflecting the substantial demand for feed products to sustain the large-scale production of poultry for meat and egg consumption globally. This statistic serves as a key indicator of the scale of the poultry industry and its impact on the economy and food supply chain.
In 2018, the feed industry in Turkey was 23.8 million tons.
The statistic “In 2018, the feed industry in Turkey was 23.8 million tons” reflects the total amount of feed produced and used by the industry in that year. This figure provides an indication of the scale and importance of the feed industry within Turkey’s agricultural sector, highlighting the significant role it plays in supporting livestock production. The quantity of feed produced can also serve as a proxy for the level of animal husbandry activities and agricultural productivity in the country. Monitoring feed production figures over time can help assess trends in livestock farming, agricultural output, and overall economic development within the country.
Canada produced 24.2 million tons of animal feed in 2018.
The statistic stating that Canada produced 24.2 million tons of animal feed in 2018 indicates the total amount of animal feed manufactured within the country during that year. This statistic is significant in understanding the scale of the agricultural industry in Canada, as animal feed is a crucial component in livestock and poultry production. The production of such a substantial quantity of animal feed suggests a thriving agriculture sector within the country, supporting the needs of the livestock industry and contributing to overall food production and supply. Additionally, tracking these production figures over time can help monitor trends in agricultural output and inform policy decisions related to food security and animal welfare.
Conclusion
It is evident from the feed industry statistics that this sector plays a vital role in supporting the agricultural and livestock industries. The data highlights the significant growth potential, technological advancements, and economic impact of the feed industry. With a focus on sustainability, innovation, and efficiency, this sector is poised for continued success in meeting the evolving needs of the global food supply chain.
References
0. – https://www.www.grandviewresearch.com
1. – https://www.thepoultrysite.com
2. – https://www.www.poultryworld.net
3. – https://www.www.statista.com
4. – https://www.www.researchandmarkets.com
5. – https://www.www.allaboutfeed.net
6. – https://www.www.alliedmarketresearch.com
7. – https://www.www.imarcgroup.com
8. – https://www.www.feedstrategy.com
9. – https://www.www.agriculture.com
