World compound feed production is fast approaching an estimated 1 billion tonnes annually. Global commercial feed manufacturing generates an estimated annual turnover of over US $400 billion
Brief International market feed facts -2015
• compound feed production will likely reach close to 1 billion tonnes worldwide
• Global commercial feed manufacturing generates an estimated annual turnover of over US $400 billion
The United Nations Food and Agriculture Organization (FAO) estimates that by 2050 the demand for food will grow by 60% and that between 2010 and 2050 production of animal proteins is expected to grow by around 1.7% per year, with meat production projected to rise by nearly 70%, aquaculture by 90% and dairy by 55%. This already marks a growth factor of almost two, however if we were to extrapolate the growth rates of the last forty years forward to 2050, this would in theory quadruple the needs
Source: International Feed Industry Association
IFIF is made up of national and regional feed associations from Africa, Asia Pacific, Europe, North and South America and the Middle East, as well feed related organizations and corporate members from around the globe. Overall, IFIF members represent over 80% of total compound animal feed production worldwide. IFIF is a non-profit organization founded on 1 December 1987.
IFIF provides a unified voice and leadership to represent and promote the global feed industry as an essential participant in the food chain that provides sustainable, safe, nutritious and affordable food for a growing world population.
Given the anticipated growth of the world’s population to around 9 billion people by 2050, and the associated higher demand for animal proteins like beef, poultry and fish, it is vital that we can meet this challenge in a sustainable and safe way.
IFIF helps to ensure high standards of health and welfare for animals and people, by collaborating with the United Nations Food and Agriculture Organization (FAO), the World Organisation for Animal Health (OIE), the Codex Alimentarius Commission and other international bodies to help set international regulatory standards for the whole feed chain and support fair trade.
In addition, IFIF works with governmental, private sector, and nongovernmental partners on a number of fronts to measure, benchmark and improve the sustainability of the livestock production chain.
IFIF also aims to play a proactive role to promote science-based solutions and information sharing for feed manufacturers, consumers and regulatory authorities worldwide on a variety of issues that affect the supply of safe and affordable animal proteins such as beef, poultry, fish and dairy products.