World Prepared Animal Feed Market To Grow 4.0% Annually From 2015 To 2019

Date: 2015-06-15

Global demand for prepared animal feeds is forecast to expand 4.0% p.a. between 2015 and 2019. China, India, Senegal, the United States and Vietnam are considered the highest potential markets in the coming years. 
According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global prepared animal feed industry is forecast to reach 4.0% p.a. in the coming years. Between 2008 and 2014 the market increased with an average annual growth of 9.5%. Currently, cat and dog food accounts for 41.0% of the global demand while the remaining market share is divided between lucerne (alfalfa) pellets and meal (1.1%) and other prepared animal feeds (57.9%).
China, France, Germany, Spain and the United States represent the largest prepared animal feed markets while the strongest annual growth is forecast to occur in Senegal (17.7%), Bolivia (11.0%), Philippines (9.8%), Panama (9.2%) and Vietnam (9.1%).

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