Global Poultry Feed Market Size, Share, Opportunities, And Trends By Animal Type (Layers, Broilers, Turkey, Other Animal Type), By Ingredient Type (Cereal, Oilseed Meal, Molasses, Fish Oil And Fish Meal, Supplements, Ingredient Type), And By Geography - Forecasts From 2023 To 2028

The poultry feed market is anticipated to expand at a high CAGR over the forecast period.

Poultry feed is extensively consumed by poultry-rearers and cultivators to provide nourishment to domesticated poultry such as turkeys, ducks, geese, and chickens. Contemporary poultry feed employs meticulously chosen and mixed ingredients to produce an extremely nourishing diet that protects the health of poultry birds and raises the calibre of derivatives like meat and eggs. Vitamins, water, carbs, minerals, and proteins are among the most essential elements that poultry birds require to maintain their health, reproduction, and overall development. Additionally, poultry birds need protein as a major source of energy, particularly if they consume little fat and carbohydrates.

A significant factor that is predicted to fuel the expansion of the global poultry feed market is the increase in the global population. Additionally, due to their low cost and a shift in consumer preferences towards white meat rather than red meat, consumption of poultry-based products has expanded dramatically around the world. Additionally, growth in worldwide per capita meat consumption is directly related to a greater understanding of the need to include protein in the diet. High economic growth in the MEA and Asia-Pacific has also increased meat production and consumption in these areas, which has had a substantial positive impact on market growth.

The industry for poultry feed is primarily driven by the rise in demand for chicken meat products. In addition, the market is expanding as a result of rising industrial livestock production and rising demand for organic feed. Fish meal and poultry byproducts primarily supply the necessary nutritional content for poultry, which needs 60% protein, 13% fat, and 3% calcium. The major companies operating in the poultry feed market are expected to benefit from the rapid evolution of packaged poultry feed in comparison with traditional chicken feed.

Demand for organic meat is rising which will upsurge market expansion.

To ensure the safety of meat concerns about food safety have increased demand for premium chicken feed. Growing awareness among farm owners of the need to maintain a healthy animal diet is another factor boosting the market for poultry feed. They are switching from conventional chicken feed to functional and premium varieties as a consequence, which helps increase the animals' resilience to enzootic illnesses while lowering the risk of metabolic issues, acidosis, injuries, and infections.

Market growth would rise due to the increasing demand for poultry products.

One of the agriculture industry's fastest-growing subsectors is chicken. The poultry sector saw substantial structural changes throughout the previous two decades due to contemporary intensive production methods introduction, genetic advances, increased preventative disease management and biosecurity measures, increased affluence and human population, and urbanization. During the past ten years, emerging nations have consumed a larger proportion of the world's chicken meat. To meet rising consumer demand, poultry production must expand, which necessitates the best possible utilization of high-quality feed to boost animal health and production efficiency. Throughout the projected period, the market is estimated to grow.

Asia Pacific is projected to be the prominent market shareholder in the poultry feed market and is anticipated to continue throughout the forecast period.

Asia Pacific is projected to see the greatest market development due to its large population and rising standard of living. Due to the abundance of cheap labor and agricultural land, the Asia Pacific, which is dominated by developing nations like China, India, and Malaysia, has a competitive advantage over other areas. Due to its massive population and rising disposable incomes of customers, the area is predicted to grow at the quickest rate throughout the projected period in terms of both volume and revenue.

Almost 35 enterprises (federally inspected) are involved in the production and processing of chicken in the United States. Due to their vertical integration across the whole chicken supply chain, these businesses are better able to control the product's quality. The highly regulated and innovative European poultry feed sector.

Market Key Developments

• In April 2022, Alltech stated that its Serdán factory in Mexico would use compressed natural gas and establish its first green energy equipment.
• In October 2021, In the animal nutrition industry, Cargill and BASF joined, enhancing the companies' current feed enzyme distribution agreements with additional research and development capabilities and new markets.
• In July 2021, Coppens Diervoeding, a Dutch feed manufacturer with a focus on the pig farming industry, was purchased by e Heus. The firm was able to quadruple its manufacturing capacity and expand its geographical reach by 400k thanks to this purchase.

Global Poultry Feed Market Scope:

Segmentation:

• By Animal Type
  • Layers
  • Broilers
  • Turkey
  • Other Animal Type
• By Ingredient Type
  • Cereal
  • Oilseed Meal
  • Molasses
  • Fish Oil and Fish Meal
  • Supplements
  • Ingredient Type
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Taiwan
    • Thailand
    • Indonesia
    • Others