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| Image: Lainey Powell |
First published in Milling and Grain, July 2015
Livestock production trends show that growth varies by geography. Estimates indicate that global compound feed production is approaching one billion metric tons.
The estimated industrial compound feed production reached nearly one billion tons in 2014, generating around US $380 billion in annual sales. In addition to feed industry production, a further 250 to 300 million tons on-farm mixed finished feed is also produced.
A regional breakdown of the nearly one billion tons of global industrial compound feed production shows that Asia Pacific accounts for 35 percent of production, followed by Europe and Russia (24 percent), North America (20 percent), Latin America (15 percent), and Middle East and Africa (6 percent) (Figure 1).
According to the Food and Agricultural Organisation (FAO) the world will have to produce about 60 percent more food by 2050 due to human population growth (from 7.3 billion today to 9 billion) and higher annual meat consumption per capita (from 41.9 kg today to 52 kg).
Read the rest of the article in Milling and Grain HERE.
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