The development prospects of the animal feed industry are largely affected by global livestock industry development trends, consumer demand, technological innovation, and environmental protection policies.
The following is an analysis of the development prospects of the animal feed industry: Global feed production and situation by country According to the “Agri-Food Outlook 2024″ report released by Alltech, global feed production will reach 1.29 billion tons in 2023, a slight decrease of 2.6 million tons from the 2022 estimate, a year-on-year decrease of 0.2%. In terms of species, only poultry and pet feed increased, while the output of other animal species declined.
Development status and trend prospects of China’s feed industry China’s feed industry will achieve double growth in output value and output in 2023, and the pace of industry innovation and development will accelerate.
Among China’s feed categories in 2023, pig feed still accounts for the largest proportion, with an output of 149.752 million tons, an increase of 10.1%; egg and poultry feed output is 32.744 million tons, an increase of 2.0%; meat and poultry feed output is 95.108 million tons, an increase of 6.6%; ruminants Feed production was 16.715 million tons, an increase of 3.4%.
Ruminant feed industry prospects Driven by the demand of the ruminant feed industry, the industry has great development potential, and market share continues to be concentrated among advantageous companies. With the modern development of animal husbandry and the increasing shortage of natural pasture resources, the production methods of China’s mutton sheep, beef cattle, and dairy cows have gradually begun to transition from scattered breeding based on family units to large-scale and standardized feeding methods.
Scientific feed formulas are increasingly favored by the industry. Pay attention to. technological innovation The application of new technologies and innovations in the feed industry continues to expand and enrich, such as gene editing technology, 3D printing technology, biotechnology and fermentation technology, intelligent production technology, etc. The application of these technologies will improve feed production efficiency and reduce feed manufacturing costs. and improve animal growth conditions. Environmental protection and sustainable development The impact of the production and use of animal feed on the environment cannot be ignored, including issues such as greenhouse gas emissions and eutrophication of water bodies.
Therefore, promoting the green and sustainable development of the feed industry is an important trend in the future. To sum up, the animal feed industry will continue to maintain growth in the future, and technological innovation and environmental protection will become key factors promoting the development of the industry.