MARKET ANALYSIS

WHAT DOES GLOBAL FEED PRODUCTION REVEAL ABOUT FUTURE OF AGRI-FOOD?

Global feed tonnage saw a slight decrease in 2022 but for the most part was steady, according to Alltech’s most recent Agri-Food Outlook. For the past 12 years, Alltech has taken a look at the global feed industry on an annual basis. The latest snapshot was released last week as part of the 2023 Agri-Food Outlook. Overall, the numbers show world feed production remained steady in 2022 with a slight decrease of 0.42% to 1.266 billion metric tons.  Feed production increased in several regions, including Latin America (1.6%), North America (0.88%) and Oceania (0.32%), while Europe decreased by 4.67%, Africa by 3.86% and the Asia-Pacific region also dropped 0.51%.

Globally, increases in feed tonnage were reported in the aquaculture, broiler, layer and pet food sectors, while decreases were reported in the beef, and dairy sectors. Although it experienced a narrow reduction in feed production, China remains the largest feed-producing country in the world, followed by the United States and Brazil, according to the survey.

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