From 2007, hikes in feed prices, increasing demand from farm supplies wholesalers and steady growth in pet ownership has boosted animal feed production industry revenue in the US at a yearly rate of 3.8 percent. However, according to IBISWorld industry analyst Josh McBee, "the industry's future prospects are modest, with slow but sustained growth anticipated through the next five years.
“Advancements in crop technology and alternative energy sources combined with product innovation are projected to alleviate some of the inherent risks associated with commodity-based goods. “Also, a forecast increase in disposable incomes and, subsequently, pet ownership will likely drive demand for pet food, a segment typified by high profit margins and brand-loyal consumers. Read more ...
This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers. To get your copy of 'PPLAPP' click here.
This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers. To get your copy of 'PPLAPP' click here.
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