Market Research Future (Food and Beverages) Animal Feed Market Research Report | Page 3

Global Animal Feed Market Research Report - Forecast to 2027
2 Market Overview
The global feed industry has been widely affected by the developments made in the animal feed market. Market
focused reports related to the food, beverages and nutrition sector among others recently has been offered by Market
Research Future which publishes reports on this market.
The rise in the level of livestock inventory around the globe has led to intensification in demand for animal feeds.
The role of animal feeds in the food industry global has been built upon the need for safe, abundant and affordable
animal proteins. The surge in the amount of livestock raised for food consumption which consists of cattle, poultry to
name a few has contributed in a big way to the expansion of the market size in the past few years. Growing interests
of countries to develop their livestock and also meet the global supply of animal proteins will further lead to the
development of the market through the forecast period.
Industry Updates:
Apr 2018 Minister for Agriculture of Ireland has recently announced the allocation of €1.5m for the start of a Fodder
Import Support Measure with instant effect. The decision follows the pressure from farmers and Co-Ops who have
started importing animal feed from abroad due to the nationwide scarcity that has created owing to poor weather.
The new measure will back importation expenses for 20,000 tonnes of fodder but the amount of money allotted will
be kept under continuous review until the animal feed crisis is over. The feed has been imported from Britain and
will then be circulated by Dairygold Co-Op to ten locations around Munster.
Page | 3
Copyright © 2017 Market Research Future.