Industry Analysis & Industry Trends
In the past several decades, marked changes in livestock production have paralleled shifts in farm animal feed formulation. Bolstered by spikes in feed prices and increasing demand from downstream farm supplies wholesalers, the Farm Animal Food Production industry's revenue has increased at an annualized rate of 3.7% to $31.7 billion during the past five years. Global population growth and expansion of developing economies have further boosted demand for meat, requiring greater supply of feeds to match growing production. Despite a decline in per capita meat consumption in the United States, demand for farm animal feed was maintained by downstream industries, such as dairy farms. Consequently, industry revenue is expected to rise another 1.5% during 2012.... purchase to read more
Industry Report - Industry Analysis Chapter
Spikes in feed prices and increasing demand from downstream farm supplies wholesalers have boosted Farm Animal Feed production industry revenue at an average annual rate of 3.7% during the five years to 2012. Global population growth and expansion of developing economies have also boosted demand for meat. Overall, the increased consumption of meat products worldwide requires greater supply of farm animal feed to meet growing production. International meat producers increasingly source feed from US industry operators, facilitating domestic revenue growth. Consequently, industry revenue is expected to increase another 1.5% in 2012 to $31.7 billion on the back of consistently high feed prices, which, in turn, are driven by steady demand... purchase to read more