Brazil Feeding Latin America
The Alltech global feed survey estimates that feed output totaled 1.07 bn. t in the world last year.
Valued at $430 bn., the feed industry has grown 13 % over the past five years, equal to an average increase of 2.49% per year, the survey by the US animal nutrition company showed. Brazil produced almost 70 mill. t of animal feed in 2017, compared with China's 187 mill. t and 173 mill. t for the US, Alltech said.
The survey data highlights the good prospects for the feed industry, as growth in the sector is supported by higher reported consumption of meat, milk and eggs, which have risen in line with living standards.
Thanks to low production costs in South America, Brazil became a leading meat producer and exporter. Last year, the country's total chicken and beef exports reached a combined $13.5 bn., according to data compiled by trade groups ABPA and ABIEC.
China and the United States remained the top two animal feed producers, accounting for about a third of the world's total output, driven by growth in the pig, broiler and dairy feed sectors as well as the European and Asia-Pacific regions, the survey showed.
The annual survey, in its seventh edition, covered 144 countries and more than 30,000 feed mills.