Analysis of global feed industry Europe and the United States pet market drives the development of pet feed

Global pet feed output will account for 2.5% of total feed in 2020

Feed refers to a safe and effective feedable substance that can provide nutrients needed by animals, promote animal growth, production and health, and can be used reasonably. According to product varieties, feed can be divided into pig feed, egg and poultry feed, meat and poultry feed, ruminant feed, aquatic feed, pet feed and other feeds.

According to Alltech's survey on global feed, the global feed output will increase year by year from 2016 to 2020. Although affected by the epidemic in 2020, the global feed output will still increase by 1% to 1.188 billion tons.

From the perspective of feed types, the global broiler feed output will reach 335 million tons in 2020, accounting for 28.2% of the global feed output; The feed output of pig industry is 286 million tons, accounting for 24.1% of the global feed output; The feed output of laying hens, cows and beef cattle is 160 million tons, 129 million tons and 116 million tons respectively, accounting for 13.5%, 10.8% and 9.8% respectively; Pet feed accounts for 2.5% of global feed output.

Europe and America account for 60% of global pet feed production

Although the proportion of pet feed in the global feed production is small, with the popularity of pets and the development of pet food, the output of pet feed has been growing in recent years. In 2018, the global pet feed output was 26.6 million tons, and by 2020, the global pet feed output will increase to 29.3 million tons.

In the global pet feed production, Europe and the United States are outstanding. In 2020, the output of pet feed in North America will be 9.41 million tons, accounting for 32.1% of the total; The output of pet feed in Europe was 9.36 million tons, accounting for 31.9% of the total; The production of pet feed in Latin America and Asia Pacific accounted for 21.8% and 10.9% of the world respectively. European and American pet feed accounts for 60% of the global pet feed production.

Europe and America are the world's largest pet markets

The global pet market is mainly composed of pet food, pet products and other pet foods. According to Euromonitor data, the scale of the global pet market in 2016-2020 is on the rise year by year. In 2020, the global pet market will reach 138.243 billion US dollars, an increase of 4.40% over 2019.

However, due to the early development of the pet industry in Europe and the United States, and the formation of a certain scale, in 2020, the size of the US pet market will be 56.773 billion dollars, and the size of the European pet market will be 39.787 billion dollars, accounting for 70% of the global pet market. Driven by the pet market, the development of pet feed in Europe and America leads other regions.