According to the forecasts of the Market Research Future consulting agency (MRFR), high demand for nutritious meat, the growth of organized farming and fine nutrition will lead to the fact that by 2023 the feed market should reach 539.9 billion US dollars by 2023 with 4.02% of the total annual growth rate (CAGR) during the forecast period (2018-2023).

High consumption of animal products is likely to stimulate demand in the feed market.

This is confirmed by a study conducted by the Food and Agriculture Organization of the United Nations (FAO), which states that meat consumption per capita by 2025 in monetary terms will amount to 77.82 pounds.

Other factors that have a positive effect on market growth are the demand for dairy products and population growth.

But higher commodity prices, such as corn, could hinder market growth. Strict policies restricting the use of animal feed is another obstacle facing the market.

The main trends in the development of the market will be: entry into leading positions in liquid feed compositions and an increase in demand for animal feed in the Asia-Pacific region.