MARKET REPORT 72 FEED & ADDITIVE MAGAZINE January 2025 advanced feeding technologies are the key factors driving the growth of the feed market in the Americas, especially in North America. The total value of the animal feed market in the region is expected to reach USD 237 billion by 2029. Europe, which ranked second in world feed production on a regional basis with 261.89 million metric tons in 2023, experienced a 2.82% decrease in production compared to the previous year, according to Alltech data. Spain with 36.22 million metric tons, Russia with 35.46 million metric tons and Turkey with 23.37 million metric tons stand out as the top three countries producing the most compound feed in the region. In Spain, pig feed ranks first among all feed types with a production of about 17 million metric tons. Production of dairy feed, cattle feed, broiler feed and layer feed is between 2 and 5 million metric tons. The main feed type produced in Russia is pig feed. Pig feed production in the country is approximately 13 million metric tons, followed by broiler feed with approximately 10 million metric tons. The region has a market structure that focuses on sustainability, animal welfare and environmental protection. This situation increases the demand in the market for organic and specialised feeds. Despite challenges such as animal diseases and geopolitical tensions, the market is estimated to grow at a CAGR of 2.64% between 2024 and 2029, reaching a value of USD 85 billion in 2029. Africa and the Middle East offer significant growth potential due to increasing population, rising incomes and growing urbanisation. Development of livestock farming, especially in the poultry and aquaculture sectors, and increasing demand for animal protein are fuelling the growth of the regional feed market. According to the Alltech report, Africa was the second region with the highest increase in feed production with 1.94% in 2023. With this increase, the region's compound feed production reached 51.42 million metric tons. The Middle East, on the other hand, lags behind the other regions in terms of quantity in animal feed production. It is estimated that 35.93 million metric tons of feed was produced in the region in 2023. Although the market, led by countries such as Saudi Arabia, Egypt and South Africa, is expected to register significant growth in the coming years, issues such as limited access to resources, inadequate infrastructure and food security are listed as the challenges the region faces. References 1. International Feed Industry Federation – Global Feed Statistics 2. 2024 Alltech Agri-Food Outlook Results | Alltech 3. World Compound Feed Market - Feed & Additive Magazine 4. Animal Feed Market Trends I CoherentMI 5. The Future of Animal Nutrition: Trends in Specialty Feed Additives I Market Research Intellect 6. Compound Feed Market Report | Industry Analysis, Size & Forecast Overview I Mordor Intelligence 7. Animal Feed Market Trends, Analysis, and Dynamic Demand, Forecast to 2029 I MarketsandMarkets Research 8. Animal Feed Market Size and Share Analysis Report, 2030 I Grand View Research 9. Animal Feed Market Size, Share, Trends & Forecast 2033 | FMI I Future Market Insights 10. Full article: Review: recent advances and future technologies in poultry feed manufacturing 11. Research Opportunities: Meat Consumption in Developing Countries - Faunalytics 12. Precision Feeding in Dairy Cows: Increasing Efficiency and Profitability I The Pennsylvania State University 13. Animal Feed Market Size, Share, Growth | Report, 2034 I Polaris Market Research and Consulting 14. Asia Pacific Animal Feed Market Size, Share & Demand 2030 | BlueWeave 15. Europe Animal Feed Market Size: Industry Report, 2024 - 2029 I Precedence Research 16. Aquaculture Feed Market Report 2024 - Aquaculture Feed Market Opportunities and Size By 2033 I The Business Research Private 17. Animal Feed Formulation—Connecting Technologies to Build a Resilient and Sustainable System - PMC
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