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World Feed Production Exceeds 1 Billion MT for First Time
January 25, 2017
2 Min Read
Global production of animal feed totaled more than 1 billion MT for the first time. Image courtesy of USDA
More than 1 billion MT of animal feed was produced globally in 2016, a record amount of production for a single year, according to the 2017 Alltech Global Feed Survey released on Wednesday.
The record figure represents a 3.7% increase in production from the previous year, and a 19% jump since the company began its survey in 2012. While production climbed, the number of feed mills declined by 7%, Alltech said.
“This year clearly demonstrates the growing efficiency and consolidation of the feed industry,” said Aidan Connolly, chief innovation officer and vice president of corporate affairs at Alltech, in a statement. “Not only has feed production exceeded 1 billion tons for the first time, but it has done so with fewer facilities, which means greater efficiencies and a decreased environmental footprint.”
Researchers found that China and the United States account for 35% of the world’s total feed supply, with China coming in as the top feed producer in the world. The company said Asia is expected to continue its regional lead as Vietnam, Pakistan, India, and Japan ramp up production. Vietnam alone witnessed 21% growth in 2016, particularly in its pig and broiler industries.
Africa was noted to be the fastest growing region for feed production, with a 13% spike in the past year and over half of the countries in the continent recording growth in the past year. Alltech called Africa “the feed industry’s greatest growth opportunity.”
Brazil led production in Latin America, while Mexico’s tonnage grew to account for 20% of the region’s total feed production. Several major European countries saw declines in feed production,
Overall, the global feed industry was valued at $460 billion by Alltech, citing lower feed prices, slipping costs to raise production animals.
To view the full report, click here.
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