Russia Compound Feed Market Trends

The Russian compound feed market is driven by factors such as increasing meat consumption across the globe and growth in the processed meat industry. Other factors responsible for growth in the market are population growth and an increase in the income of the middle-class population in developing countries. The flexibility to choose from numerous raw materials is also triggering the growth of the industry. The United Nations Food and Agriculture Organization (FAO) estimates that the demand for food will grow by 60% between 2010 and 2050. Furthermore, it also estimated that the 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%. The shift towards meat production industrialization requires a better regulatory framework to protect public health, and high feed additive inputs in animal feed to enhance the efficiency of meat production.