The Market – Global Production
- In 2017 approximately 300 million tons of protein was consumed as animal feed
- CAGR is expected to be more than 2% for the foreseeable future
- Total animal feed market value is more than $500 billion
- Protein constitutes 30% of this value - approximately $150 billion
Growth in animal feed production should be viewed in the light of increasing scarcity of raw materials.