MARKET REPORT 68 FEED & ADDITIVE MAGAZINE January 2023 According to estimates compiled by the Food and Agriculture Organization (FAO), by 2050 we will need to produce 60 per cent more food to feed the world population of 9.3 billion. Therefore, animal-based protein production is expected to increase along with this increase. This demand for animal proteins shows that the highly important role of the compound feed sector will also increase. Because the feed industry is the most important element for sustainable growth in animal husbandry and compound feed plays a major role in the global food industry as it ensures safe and nutritious means of animal proteins. Every increase in animal protein World Compound Feed Market Research show that the demand for animal protein continues to rise around the world, including meat, milk and fish due to the increasing world population. It is thought that this demand will support the growth in the world compound feed market. Because sustainable and efficient livestock production, safe and nutritious animal food production depends on adequate feed sources. According to some recently published reports, the world compound feed market size, which was US$ 521.3 billion in 2022, is anticipated to reach US$ 641.2 billion by 2027 with a CAGR of 4.2%. By Derya Yildiz
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