In 2023, the import of meals, pellet, and flour of meat for animal feed to the US stood at approximately 118.50 million kilograms. Forecasted figures from 2024 to 2028 suggest a consistent year-on-year growth of around 2.5%, reaching 132.86 million kilograms by 2028. Over these five years, the compound annual growth rate (CAGR) is projected at 2.72%. Such steady growth indicates a robust demand driven by the US livestock and pet food sectors.
Future trends to observe include:
- Fluctuations in international trade policies affecting import costs.
- Shifts in dietary trends potentially increasing demand for specific animal feed ingredients.
- Technological advancements enhancing feed efficiency and possibly influencing import volumes.