Press release
Why the Poultry Feed Market is set to explode? Top Companies: Cargill Inc., Alltech, Inc., Archer Daniels Midland, De Heus Voeders B.V., BASF SE, Charoen Pokphand Group Co.,Ltd. And more
Several associations such as FDA and Association of American Feed Control Officials (AFCO) are putting continuous efforts in the poultry feed space, with an aim to set regulations for including poultry feed ingredients. Moreover, FDA focusses on the rising production of insect feed, which can offer a sustainable source of proteins.
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As per the report, some of the leading players operating in the global poultry feed market include:
• Cargill Inc.
• Alltech, Inc.
• Archer Daniels Midland
• De Heus Voeders B.V.
• BASF SE
Charoen Pokphand Group Co.,Ltd.
The need to prevent the incidence of poultry diseases is, therefore, augmenting demand for nutritional poultry feed. This, coupled with the rising adoption of poultry farming among farmers, is expected to drive the market.
Fortune Business Insights offers a detailed overview of the global poultry feed market in a report, titled “Poultry Feed Market Size, Share and Global Trend by Type (Layers, Broilers, Turkeys), By Additives (Antibiotics, Antioxidants, Feed Enzyme, Vitamins, Feed Acidifiers), By End-User (Poultry Farm, Home care, Others) and Geography Forecast till 2026.” The report provides information on the poultry feed market trends, drivers, and restraints shaping the market dynamics. Furthermore, it talks about some of the latest innovations in poultry farming, which can positively impact the growth of the market. A detailed analysis of business strategies adopted by some of the key players can help our readers to get a clear picture of competitive landscape. The forecasts and estimates on the global market for radiation dose management are covered between 2018 and 2026.
As per the poultry feed market trends, some of the most common additives used in poultry feed. These include antioxidants, antibiotics, vitamins, feed enzyme, and feed acidifiers. As per the report, feed enzymes are expected to account for the major portion of the poultry feed market share in the forecast years. This is primarily on account of their high nutritional value for the high growth of animals.
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Pas Reform’s Poultry Feed Called SmartStart™ to Offer Nutrition to Newly Hatched Chickens
Increasing globalization and a better standard of living in developing nations offer wide range of poultry products for animals. The rising need for nutritional food is likely to contribute to the growth of the market. For instance, Pas Reform announced the launch of a new poultry feeding solutions called SmartStart in 2018. This solution aims to offer proper hydration and nutrition to newly hatched chickens. Increasing investments in poultry feed are likely to give significant impetus to the growth of the market.
On the downside, ban on antibiotics in poultry feed may hamper the growth of the market. As per research studies, the use of antibiotics in poultry feed can lead to adverse health hazards in humans. Nonetheless, there are some antibiotics which can be given to chickens and are acceptable to human health.
Major Segmentation
By Type
• Layers
• Broilers
• Turkeys
By Additives
• Antibiotics
• Antioxidants
• Feed Enzyme
• Vitamins
• Feed Acidifiers
• Others
By End-User
• Poultry Farm
• Home care
• Others
By Geography
Increasing Demand for Poultry Meat to Drive the Market in North America
Among regions, North America accounted for the highest portion of the global poultry feed market size in 2018. The growth is attributable to the rising demand for poultry meat and diseases detection in ducks and hens. The poultry feed market in Asia Pacific is expected to witness considerable growth owing to the increasing poultry consumption among individuals. Apart from these two regions, the market in Europe is also expected to register a notable growth during the forecast timeline. This is mainly on account of rising demand for poultry feed products. Currently, the market in Latin America and the Middle East & Africa is at a nascent stage, however, has the potential to grow owing to the increasing emphasis on the prevention of animal diseases.
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A Major Breakthrough in Poultry Feed by Novozymes and DSM
Companies continue to focus on expanding their product portfolio by adopting different strategies such as mergers and acquisitions, product launches, and others. For instance, Novozymes and DSM announced the launch of an innovative poultry feed in September 2018. One of the first microbial muramidase broiler nutrition called Balancius, which can improve feed efficiency. The product works in the intestines of animals to unlock the gastrointestinal functionalities.
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