Increasing demand for animal food and also productivity and profitability, as the unchanging agendas of producers, significantly increase the importance of research and development in feed production, as in other sectors.
The global feed industry is characterized by the increasing demand for meat, dairy, and other livestock-based products, which, in turn, influences growth and innovations in the global feed industry. Various stakeholders, including regulatory bodies, feed suppliers, distributors, key feed & feed additive manufacturers, and processing equipment and technology manufacturers, are engaged in R&D to address the modern world challenges associated with the livestock feed industry. Some areas of focus include livestock growth, improvisation of livestock health & well-being, precision feeding, efficient livestock farming practices, and identification of sustainable & effective feed additives.
As the market for feed is projected to grow at a steady rate in the coming years, the industry is yet to achieve certain defined goals and objectives, including sustainable feed ingredients/additives along with efficient feed manufacturing practices. Industry players and other stakeholders, mainly regulatory bodies of significant markets such as the European Food Safety Authority (EFSA) in Europe and the Food and Drug Administration (FDA) in the US, are making significant investments and taking R&D initiatives to achieve these definable goals. In the coming years, R&D and innovations are expected to take the feed industry one step closer toward these objectives.