Farm Animal Feed Production in Australia - Industry Market Research Report

Farm Animal Feed Production in Australia - Industry Market Research Report

Farm Animal Feed Production in Australia

Revenue for the Farm Animal Feed Production industry has grown. The industry has shown to be fairly resilient in the COVID-19 crisis compared to other sectors of the economy. There have been changes in consumer behaviour shaped by the pandemic, and downstream markets have struggled to estimate trends, leading to some swings in demand for farm animal feed. Volatile weather patterns have contributed to shifting demand for animal feed and fluctuating grain prices, affecting industry demand. Average industry profit margins have fluctuated and dropped through the end of 2022-23, in line with a fall in export markets.

Animal feed manufacturers make processed feed for livestock, including aquaculture livestock. Industry products include milled grain in bulk bagged or pellet form, mixtures of unmilled grains, and meals and concentrates. Feed often includes added vitamins, minerals and salts to provide improved nutrition to animals. The industry excludes pasture grazing, hay, silage feed and unprocessed grains.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.