Industry Analysis & Industry Trends
The industry has performed modestly over the past five years. Rising spending on pets and growing global demand for meat – which has boosted global livestock production and subsequently, demand for stockfeed – have contributed to the industry's growth over the period. Industry revenue is projected to post annualised growth of 3.3% over the five years through 2015-16, to reach $4.1 billion. This growth is slightly overstated due to a 7.1% revenue decline in the five-year period base year of 2010-11. Revenue growth of 3.1% is anticipated in 2015-16, as an El Nino creates fears of severe drought among livestock farmers, prompting them to stockpile feed and contributing to revenue growth.
The industry has two major product segments: stockfeed and pet food... purchase to read more
Industry Report - Industry Analysis Chapter
The Prepared Animal and Bird Feed Manufacturing industry has performed modestly overall for the past five years. The industry benefits from two broad demand streams, which helps mitigate revenue fluctuations. Demand for pet food, which tends to be quite stable, helps moderate the volatility displayed by the stockfeed segment. Growing global demand for meat, which is lifting global livestock production, and strong spending on pets have helped lift industry revenue over the past five years. Industry revenue is projected to grow at an annualised 3.3% over the five years through 2015-16, to reach $4.1 billion. However, this growth is slightly overstated due to a 7.1% revenue decline in the base year of 2010-11... purchase to read more