$5.5bn
$XXX.Xm
4,352
298
$XXX.Xm
The Prepared Animal and Bird Feed Manufacturing industry, with its two major product categories of stockfeed and pet food, has experienced significant revenue fluctuations in the past five years. This volatility can be largely attributed to inconsistent weather patterns, which significantly affect demand for stockfeed. Farmers turn to stockfeed as a substitute for pasture feed during harsh weather conditions, like droughts or floods. Some industries, like the Poultry Meat Farming industry, consistently depend on stockfeed, irrespective of weather patterns. However, despite the surge in demand during periods of extreme weather, manufacturers must take further steps to improve stockfeed profit margins because of the minimal value added for customers. Conversely, animal and bird feed manufacturers have found a stable revenue source in the pet food segment. Pet food buyers tend to be loyal to brands, creating a consistent income stream. Revenue is expected to fall at an annualised 2.0% over the five years through 2023-24, to $5.5 billion.Over the coming years, a slow return to revenue growth is projected for the Prepared Animal and Bird Feed Manufacturing industry. Several key factors will drive this growth. Demand for meat in export markets is likely to recover as international economies bounce back from the effects of the COVID-19 pandemic, leading to an increase in livestock numbers and, consequently, demand for stockfeed. Further, a forecast rise in discretionary income and increased spending on premium pet food will likely balance the effect of a declining – although still large – pet population. As a result, the revenue is forecast to grow at an annualised 1.1% over the five years through 2028-29, to an estimated $5.8 billion.Consolidation trends and technological advancements are likely to shape the industry's future. As technology reshapes production processes, manufacturers must adapt to these changes, leveraging increased efficiency and the potential for profit maximisation. Despite the past revenue volatility, and current-year decline, prepared animal and bird feed manufacturing will likely grow, supported by the strong performance of the pet food sector and the forecast expansion in the stockfeed sector.
Industry revenue has declined at a CAGR of 2.0 % over the past five years, to reach an estimated $5.5bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Ridley | 1,060.4 | |
Mars Wrigley | 790.3 | |
Real Pet Food Company | 605.0 |
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Industry revenue is measured across several distinct product and services lines, including Farm animal feed, Dog food and Cat food. Farm animal feed is the largest segment of the Prepared Animal and Bird Feed Manufacturing in Australia.
Rising demand for meat and meat products is driving farm animal feed performance
Manufacturers produce prepared feed for animals or birds, encompassing cereal meal, grain offal or crushed grain as fodder, primarily derived from whole grain, excluding rice or rye. Also, the industry includes manufacturers that produce canned, chilled and dried animal or bird feed and pet milk.
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ANZSIC 1192 - Prepared Animal and Bird Feed Manufacturing in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Animal and bird feed manufacturing continues to grow, with stable revenue from the pet food segment contributing to overall industry expansion. Manufacturers can capitalise o...
Learn about an industry's products and services, markets and trends in international trade.
Technological advancements in prepared animal and bird feed products have improved efficiency, productivity and quality through automated systems and advanced machinery. Sour...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Animal and bird feed manufacturers set up their establishments near other manufacturers that align with their economic activities. More prominent manufacturers benefit from e...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Manufacturers face intense internal competition – primarily based on price – because of the homogeneous nature of the products. Small- to medium-size livestock industries and...
Learn about the performance of the top companies in the industry.
The major prepared animal and bird feed manufacturers operate in various market segments, making them highly competitive. A company's diverse product portfolio and operationa...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Manufacturers are bound by strict environmental and food labelling regulations influencing sustainability, transparency and market dynamics. Penalties and fines are imposed o...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit margins in the Prepared Animal and Bird Feed Manufacturing industry are influenced by stockfeed and pet food product segments. Supermarkets‘ private-label brands, and ...
Including values and annual change:
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Key data sources in Australia include:
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These sources include:
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The market size of the Prepared Animal and Bird Feed Manufacturing industry in Australia is $5.5bn in 2024.
There are 298 businesses in the Prepared Animal and Bird Feed Manufacturing industry in Australia, which has declined at a CAGR of 0.5 % between 2018 and 2023.
The market size of the Prepared Animal and Bird Feed Manufacturing industry in Australia has been declining at a CAGR of 2.0 % between 2018 and 2023.
Over the next five years, the Prepared Animal and Bird Feed Manufacturing industry in Australia is expected to grow.
The biggest companies operating in the Prepared Animal and Bird Feed Manufacturing market in Australia are Ridley, Mars Wrigley and Real Pet Food Company
Farm animal feed and Dog food are part of the Prepared Animal and Bird Feed Manufacturing industry.
The company holding the most market share in Australia is Ridley.
The level of competition is high and increasing in the Prepared Animal and Bird Feed Manufacturing industry in Australia.