International Feed Industry Federation – Global Feed Statistics (2024)

FAQs

International Feed Industry Federation – Global Feed Statistics? ›

World compound feed production is estimated at over one billion tonnes annually. Global commercial feed manufacturing generates an estimated annual turnover of over US $400 billion. Today world compound feed production is estimated to be just over one billion tonnes annually.

The global animal feed market size was estimated at USD 570.72 billion in 2022 and is expected to reach USD 597.20 billion in 2023.

ALSO INTERESTING – 2021: World feed production increases to over 1.2 billion tons – It is estimated that international feed tonnage has increased by 2.3%, to 1.235 billion metric tons of feed produced in 2021.

Animal feeds play a leading role in the global food industry, enabling economic production of animal proteins throughout the world.

Global Animal Feed Market Insights

Animal Feed Market size was valued at USD 39.36 billion in 2021 and is poised to grow from USD 40.74 billion in 2022 to USD 53.7 billion by 2030, growing at a CAGR of 3.5% in the forecast period (2023-2030).

India and China have more than 70% of world livestock population.

China, which is the largest feed producer in the world and the region, increased its feed production by 8.9% to 261.4 million tons in 2021. In China's production, pig feed ranks first with 100.1 million tons.

Key Takeaways. China is the world's largest grain producer, yet has grown more dependent on food imports in recent decades. Much of India's output is produced by subsistence farmers and consumed locally. The U.S. is the world's top food exporter thanks to high crop yields and extensive agricultural infrastructure.

Historical Data

In 2022, the top importers of Animal Food were Germany ($3.39B), United States ($3.02B), Netherlands ($1.95B), France ($1.86B), and United Kingdom ($1.83B).

On average, one U.S. farm feeds 166 people annually in the U.S. and abroad. The global population is expected to increase by 2.2 billion by 2050, which means the world's farmers will have to grow about 70% more food than what is now produced.

How much of the world's crops are fed to livestock? ›

Today only 55 percent of the world's crop calories feed people directly; the rest are fed to livestock (about 36 percent) or turned into biofuels and industrial products (roughly 9 percent).

According to data from The American Feed Industry Association (AFIA), there are more than 5,800 animal feed manufacturing facilities in the U.S. producing more than 284 million tons of finished feed and pet food each year.

The animal industry is broken down into three major areas: production, sup- plies and services, and marketing and processing. The animal production area of the animal industry primarily produces animals for food and other uses.

Trends in the Animal Feed Industry reflect evolving consumer preferences and advancements in feed technology. From the increasing demand for plant-based and organic feeds to the adoption of precision nutrition and digitalization, industry trends are diverse and dynamic.

The global animal feed market size is anticipated to cross a valuation of US$ 530.0 billion in 2023. It is estimated to reach a valuation of US$ 929.0 billion by 2033. The market is expected to witness a decent CAGR of 7.3% from 2023 to 2033. Global population growth has led to an increased demand for animal protein.

If we combine global grazing land with the amount of cropland used for animal feed, livestock accounts for 80% of agricultural land use. The vast majority of the world's agricultural land is used to raise livestock for meat and dairy.

According to Qualiket Research, The global Animal Feed Market was valued at USD 501.92 billion in 2022 and is slated to reach at USD 783.2 billion by 2030 at a CAGR of 4.42% from 2023-2030. The purpose of animal feed products is to improve animal health. Depending on the animal, various feed doses are given.

"More than half the U.S. grain and nearly 40 percent of world grain is being fed to livestock rather than being consumed directly by humans," Pimentel said. "Although grain production is increasing in total, the per capita supply has been decreasing for more than a decade.