According to the latest report by IMARC Group, titled “Poultry Feed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global poultry feed market analysis.The report also includes competitor and regional analysis, and contemporary advancements in the market.
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.
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.
Market Trends
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.
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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.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the 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
Regional Insights:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
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