Global Poultry Feed Market Size, Share, Growth & Report 2023-2028
IMARC Group has recently released a new research study “Poultry Feed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What Are The Growth Prospects Of The Poultry Feed Industry?
The global poultry feed market size reached US$ 192.84 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 248.4 Billion by 2027, exhibiting a growth rate (CAGR) of 4.20% during 2022-2027.
What Is A Poultry Feed ?
Poultry feed represents specialized food products for poultry, which include ducks, chickens, geese, and other domestic birds. They are conventional and organic variants and are mostly composed of various grains and protein meals, such as barley, wheat, sorghum, soybean, canola, animal protein, etc. Poultry feed items provide poultry with the energy required for the development of feathers, bone, flesh, and eggs. They even support intestinal immunity and improve the lipid metabolism of the birds. As a result, poultry feed formulations are in extensive demand across the globe.
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What Are The Key Factors Driving In The Poultry Feed Market?
The growing poultry meat consumption across the globe that enhance the overall quality of the human diet and prove extremely suitable for individuals with an increased need for proteins and calories is among the key factors driving the poultry feed market. Additionally, the inflating demand for chicken meat, on account of its affordability, availability, and lower fat content, is acting as another significant growth-inducing factor. Apart from this, the rising usage of automatic feeders and drinkers to improve feeding in poultry farming is also positively influencing the global market. Moreover, the launch of modern poultry feed items that are produced by careful selection and blending of ingredients to offer a highly nutritional diet that aids in maintaining the health of the animals and improving the quality of poultry products, including eggs, meat, milk, etc., is further catalyzing the market growth. Besides this, the elevating focus among agricultural scientists on research, chemical analysis, and experimentation to introduce improvements in existing animal diets is expected to propel the poultry feed market over the forecasted period.
Who Are The Key Players/Companies In The Poultry Feed Market?
AFGRI Animal Feeds, Alltech, Archer-Daniels-Midland Company, BASF SE, Cargill Inc., Charoen Pokphand Foods Public Company Limited, Chr. Hansen Holdings A/S, De Heus Animal Nutrition, ForFarmers N.V., Kent Nutrition Group (Kent Corporation), Koninklijke DSM N.V. and Novus International Inc. (Mitsui & Co. (U.S.A.) Inc.).
Report Segmentation
Breakup by Nature:
- Conventional
- Organic
Breakup by Form:
- Mashed
- Pellets
- Crumbles
- Others
Breakup by Additives:
- Antibiotics
- Vitamins
- Antioxidants
- Amino Acid
- Feed Enzymes
- Feed Acidifiers
- Others
Breakup by Animal Type:
- Layers
- Broilers
- Turkey
- Others
Breakup by Distribution Channel:
- Offline
- Online
By Geography:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
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