Poultry feed is referred to as "complete" feed, as, it is designed to contain all the vitamins, protein, energy, minerals, and other nutrients important for proper growth, egg production, and health of the birds. Mixing any other ingredients with the feed or fed separately, upsets the balance of nutrients in the "complete" feed, hence, feeding additional grain or supplement with the complete poultry feed is not recommended.
Thepoultry feed market Researchis projected to develop with at a rate of 6.4% from 2022 to 2030 and arrive at a market worth of USD 218 billion before the finish of 2030.
Poultry Feed Market Size is Estimated to Reach to USD 218 Billion by 2030 at 6.4% CAGR By 2022-2030, Due to Increase in demand for poultry meat products
The global poultry feed market is growing rapidly mainly due to the increasing animal protein demand which is expected to remain as a major driving force for the market throughout the forecast period. Moreover, the growing population and the increase in the quality of meat production alongside the rise in per capita disposable income are escalating the market on the global platform.
Acknowledging exponential accruals that the market is witnessing currently, Market Research Future (MRFR) in its recently published study report asserts that the global poultry feed market will continue to observe exploding growth in the years to come registering a phenomenal CAGR throughout the forecast period (2022 2030).
Additional factors boosting the market growth include the increasing demand for fast-food and processed food coupled with the augmented poultry exports. Increasing poultry consumption in the US, UK, and Argentina led by the rising prices of beef is projected to influence the growth of the market positively. Flexible government regulations towards animal feed in countries such as Brazil, China, and India are expected to benefit the growth of the global poultry feed market further.
The growth of the poultry feed market is attributed to the high popularity of poultry meat across the globe, increasing awareness for healthy meat and cost efficiency of production, etc. The growing preference for poultry meat in some of the Asian and South American countries such as India, China, and Brazil, etc. would help the market to grow substantially.
On the other hand, factors such as the prevalence of poultry diseases like bird flu and others are expected to restrict the growth of the market. Also, the rising cost of key raw materials and price volatility of agricultural commodities used for manufacturing of poultry feed will act as a major headwind, hampering the growth of the market.
Nevertheless, factors such as the availability of advanced poultry feeds that are available with several types of medications for preventing or treating diseases and the augmenting demand for the packaged poultry feed, providing new opportunities for the growth for the industry participants.
Global Poultry Feed Market Segments
For enhanced understanding, the market has been segmented into four key dynamics: -
By Source :Coarse Grains, Animal Proteins, Vegetable Proteins, and Micro-Ingredients among others.
By Type :Layers, Broilers, and Dual-purpose among others.
By Form :Mash, Pellets, Crumbles, and Scratch Grain among others.
By Regions :North America, Europe, Asia Pacific, and the Rest-of-the-World.
Poultry Feed Market Overview2030: The global poultry feed market is an essential component of the thriving poultry industry, contributing significantly to the world's food supply and economy. As we enter the year 2030, the poultry feed market is set to experience a transformative shift driven by various factors such as population growth, changing dietary preferences, advancements in technology, and increasing awareness of sustainable practices. This article aims to provide an overview of the poultry feed market in 2030, highlighting the key trends, challenges, and opportunities that lie ahead.
Global Poultry Feed Market Regional Analysis
The North American region heading with its largest poultry business, dominates the global poultry feed market with the largest market share. Factors such as the changing food consumption pattern and high consumption of poultry food items are estimated to generate high revenue pockets in the poultry feed market in the region, influencing the high production volume.
Also, there are a large number of poultry farms and consumers of poultry items in the region that drive market growth. Besides, the presence of many well-established players impacts the market growth in the region, positively. Moreover, factors such as the increasing health concerns are driving the market, increasing the consumer inclination towards the protein food.
The poultry feed market in the European region stands the second position, globally, in terms of the market size. The changing consumer preferences towards protein food products and the growing importance of health and wellness among the consumers, especially in Germany, the UK, and Russia are some of the factors supporting the market growth in the region. Furthermore, the developing economy in the region has led to an increase in disposable income which is enabling Europe to generate a substantial revenue pocket.
Major Players
Charoen Pokphand Foods PCL (Thailand), Cargill Inc. (U.S.), Alltech Inc. (U.S.), Archer Daniels Midland (U.S.), De Heus B.V. (Netherlands), Land O' Lakes Inc. (U.S.), ForFarmers N.V. (Netherlands), Nutreco N.V. (Netherlands), NEOVIA Group (France), BASF SE (Germany).
The Asia Pacific poultry feed market is emerging as a profitable market, globally. Factors such as the higher-level production, ever-increasing population in some of the rapidly developing countries like China and India, and the changing lifestyles of the consumers are anticipated to stimulate the growth of the overall poultry feed market in the region during the assessment period.
Furthermore, the growing inclination towards poultry items led by the increasing awareness about its associated health benefits is impacting the growth of the regional market, positively.
Global Poultry Feed Market Competitive Analysis
Highly competitive the poultry feed market appears to be fragmented with the presence of many large and small-scale players. Innovation, MA, and brand reinforcement remain key trends for these players. They strive to develop a cost-competitive manufacturing method that can reduce the price of the product as a whole and increase the shelf life of the product. The market competition is estimated to intensify with the expected product innovations and extensions.
Matured key players are increasingly inclined towards enhancing the production of poultry feed to satiate the growing demand and emphasize more on delivering unique products with extended shelf-life to create product differentiation which is seen to be one of the key focus areas.
Industry/innovation/Related News:
A team of researchers from three Brazilian universities, the State University of Santa Catarina, the Federal University of Rio Grande do Sul, and the Federal University of Santa Maria published their study of exploring the use of glycerol monolaurate (GML) or lauric acid as an alternative to antimicrobial use in the diets of broiler chickens in Microbial Pathogenesis. The result of the study signifies that lauric acid has the potential to be used as AB alternative in poultry production. Adding lauric acid to poultry feed can boost poultry growth, weight gain and support bird health when used as an antibiotic replacement.
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Industry Updates:
A team of researchers from across the world at Kansas State University in the US, the Federal University of So Carlos and the Federal University of Pampa in Brazil are exploring the usage of Brazilian ginseng (Pfaffia paniculata) and sorghum (SOR) in the diets of grown Japanese quail. The academics discovered that the usage of a crushed sorghum-based diet amplified feed intake and decreased laying ratio and egg weights as compared to the corn diet.
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