The global feed production has increased consistently in the recent past, driven primarily by the demand side factors, including an increase in livestock production & consumption and the resultant population. Other factors that impact the volume of feed production include the increase in commercialization of livestock rearing practices, particularly in the developing economies.
According to the 2017 Alltech Global Feed Survey ( Figure 24), the global feed production crossed the billion-ton mark in 2016, and over the period 2011–16, the production in terms of volume increased by over 160 million tons.
Owing to the growth in awareness about the benefits and the rise in acceptance, the penetration rate of feed additives among feed products is slated to increase, provided that any adverse regulatory stance does not have an impact on the growth. Assuming that the inclusion rate of amino acids in feed (amount of amino acid per unit of feed) remains constant in the future, the growth of the global feed industry and rise in the penetration of additives are expected to drive the market for amino acids, which has a direct correlation with the feed product ion volume.
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