What is the Farm Animal Feed Production industry?
The Farm Animal Feed Production industry is in the mature phase of its life cycle. Industry valued added, which measures the industry's contribution to the economy, is expected to grow at an annualised 1.2% over the 10 years through 2021-22. This is slower than the Australian economy, with GDP projected to grow at an annualised 2.5% over the same period. This continued growth at a slower pace than the overall economy is typically of mature industries.
There is strong demand for industry products but fierce internal and external competition and volatile input prices. To compete in the industry, operators need to take advantage of economies of scale, something that is difficult for new entrants... purchase to read more