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Poultry Feed Market Is One Of The Best Sector To Invest In 2019

01-17-2020 01:45 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Poultry Feed Market

Poultry Feed Market

Poultry Feed Market by Feed Type (Complete feed, Concentrates, and Premix): Global Opportunity Analysis and Industry Forecast, 2019–2023." According to the report, the global poultry feed market generated $114.99 billion in 2018, and is expected to reach $157.71 billion by 2023, growing at a CAGR of 6.9% from 2019 to 2023.

Surge in consumption of poultry meat and changes in consumption patterns drive the growth of the global poultry feed market. However, prices of poultry feed and prevalence of diseases from poultry hinder the market growth. On the other hand, increase in global population and rise in demand for fast food & processed food present new opportunities in the market.

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Asia-Pacific to offer lucrative opportunities

Asia-Pacific accounted for nearly one-third of the total share in 2018, and is estimated to maintain its dominant position during the forecast period. This region is expected to grow at the fastest CAGR of 9.3% from 2019 to 2023. This is due to growth in population, social factors such as traditional poultry consumption patterns, and strong economic growth. The research also offers a detailed analysis on North America, Europe, Middle East, Africa, and South America.

The Complete feed segment to maintain its lion's share by 2023

Based on products, the complete feed segment held the major share in 2018, accounting for more than 85% of the total market share in 2018, and is estimated to maintain its lion's share during the forecast period. This is due to rise in demand for animal protein and surge in poultry exports from Asia-Pacific. However, the concentrates segment is expected to register the fastest growth rate with a CAGR of 8.6% from 2019 to 2023. This is attributed to changes in food consumption habits and trend of vertical farming. The report also analyzes the premix segment.

Leading market players

Leading market players analyzed in the research include Cargill Inc., Tyson Foods, Inc., Land O'Lakes, Inc., ADM Animal Nutrition, Alltech, J.D. Heiskell & Co., Perdue Farms Inc., Hi-Pro Feeds, Inc., Kent Nutrition Group, Inc., and Southern States Cooperative.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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