Wheat feed in Brazil demonstrated significant variability over the past decade. From 2014 to 2016, the usage surged dramatically by 166%, followed by a sharp decrease in 2017. Stability ensued between 2017 and 2018, with minor adjustments of 8.4% in 2019. Over the last four years, it showed steady and moderate growth, with a 2.23% increase in 2023, standing at 596.0 thousand metric tons. The recent five-year CAGR prior to 2024 averaged 3.58%, highlighting a consistent upward trend.
Future projections indicate a continued steady growth in wheat feed demand, with an average annual increase of 1.56% forecasted over the next five years, totaling an 8.05% growth rate by 2028. Stakeholders should monitor international wheat prices, climate impacts on agriculture, and domestic demand fluctuations for animal feed as critical factors influencing future trends.
