According to the data released by the animal husbandry and Veterinary Bureau of the Ministry of agriculture and rural areas and the China Feed Industry Association, the feed output value and output of the national feed industry will increase in 2022, the operation situation of large-scale enterprises is generally stable, and the pace of innovation and development of the feed industry is accelerated. In 2022, the total output of industrial feed in China was 302.234 million tons, up 3.0 percent year-on-year; the output value of feed products was 1,181.66 billion billion yuan, up 7.8 percent year-on-year. The company's main business market pig feed and ruminant feed production increased by 4% and 9.2, respectively. According to the "Ottege Agricultural Food Outlook 2023" released by Ottege, global feed production will remain stable in 2022, with a total of 1.266 billion tons. China is still the world's largest feed producer, and Asia-Pacific is still the region with the largest feed production.
The feed industry is the basic industry to support the development of modern animal husbandry and aquaculture, and it is a livelihood industry related to the supply of animal food for urban and rural residents. As people's consumption demand for animal food is increasing year by year, as the "food" of people's animal food, the feed industry is playing an increasingly important role in ensuring national food security, food safety, environmental safety, economic safety and people's nutrition, health and safety. The feed industry will continue to develop with the vigorous development of animal husbandry and aquaculture, and there is a lot of room for development.