The Farm Animal Feed Production industry's prospects have fluctuated over the past five year period alongside dramatic spikes in feed prices as well as increased 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. During the five years to 2019, IBISWorld forecasts industry revenue to increase. The emergence of a middle-class in developing countries around the world has increased demand for meat products.
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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.