Poultry Feed Market Size, Share, Trend, Global Analysis, Key Players Review and Forecast to 2027

Market Overview:

The global poultry feed market is set to witness a phenomenal growth during the forecast period (2016-2027). Growing population and increase in disposable income levels are primary factors driving the market growth. Moreover, demand for better quality of meat and dairy production also help with the market growth. Awareness about dietary proteins and price hike of substitute products such as pork and beef also propel the poultry feed market growth.

Though, increasing number of diseases such as bird flu could potentially undermine the growth of the market. However, various government schemes are implemented to ensure better health of poultry birds and keep them disease free. For instance, Poultry Venture Capital Fund Scheme was promoted by National Bank for Agriculture and Rural Development (NABARD) in India, to improve production of poultry products and provide quality meat to consumers in hygienic conditions and assists farmers, individual entrepreneurs, and non-governmental organizations (NGOs).

Increasing consumption of processed poultry products has led to a shift towards increased processing of birds. Awareness of balanced diets among health-conscious consumers can create opportunities for poultry feed manufacturers. Avian disease outbreaks have created a vast demand for poultry feed, in turn affecting the poultry feed market positively. In addition, multiplying domestic and international quick-service restaurants and demand for quality meat products has significantly contributed to the need for poultry feed, further opening new avenues in the future.

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Major Key Players Review:

The key players in poultry feed market are BASF SE, Evonik Industries, Archer Daniels Midland Company, Alltech, Cargill, Kemin Industries, Novozymes, Chr. Hansen, and others.

Archer Daniels Midland Company and DuPont Industrial Biosciences are collaborating to develop, produce, and market cellulase enzymes for operators of grain-based ethanol plants. Cellulase enzymes improve the nutritive value of alfalfa for poultry feed. This development will encourage producers to use technology in order to utilize non-starch components of grains and other waste products in the production of biofuels and increase their capacity by relying on bio feedstock. This collaboration will enable both the companies to work together to achieve a common purpose of developing quality poultry feed and also aid the poultry feed market growth.

Industry Segment:

The market for Poultry Feed Market is segmented based on Source, Form and Type.

Since source, the poultry feed market is segmented into Coarse Grains, Animal Proteins, Vegetable Proteins, Micro-Ingredients and others. Consistent growth in worldwide population and increase in consumer income levels have increased the demand for healthy animal proteins around the world. This demand for animal protein has propelled the growth of the poultry feed market globally.

By form, the global poultry feed market is segmented into mash, pellets, crumbles, scratch grain, and others. Pellets reduce waste of chicken feed, reduced probabilities of salmonella, E. coli, and other diseases. It also considerably reduces poultry feed cost. These factors drive the market for pellet poultry feed globally.

On the basis of type, the market is segmented into layers, broilers, and dual-purpose. Broilers type for poultry feed is hugely favorable due to increase in new cases of influenza at turkey and egg production farms leading to high demand for broilers. Broilers are being increasingly preferred instead of other meats such as mutton, beef, and pork in countries such as India. Government funding can boost the broiler poultry feed market growth substantially.

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