Press release
Poultry Feed Market Scenario 2020: Global Insights, Size, Share, Growth, Trends, Top Key Players Like haroen Pokphand Foods PCL, Cargill Inc, Alltech Inc, Archer Daniels Midland, De Heus B.V.
Poultry Feed Market
Rising consumption of poultry meat across the globe is providing an impetus to the growth of poultry feed market. Market Research Future, a firm which specializes in market reports related to the Feed, Beverages & Nutrition sector among others, recently forecasted in its report on Global Poultry Feed Market Research Report- Forecast to 2023 that the market will demonstrate an exponential growth while achieving billion dollar growth readily in the forecast period.
Rising demand for feed to improve the livestock health and prevent diseases in them is identified to be one of the major drivers for the growth of this market. Escalation in industrialization of livestock farming is also adding fuel to the growth of poultry feed market on a global platform. Increase in demand for meat and dairy products is likely to drive the global poultry feed market over the forecast period. Additionally, increasing awareness about the health benefits of feeding the poultry with quality of feed has increased the market share of poultry feed globally.
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Poultry Feed Latest Industry Updates
Mar 2018 To cater the rising demand for feed premixes in the French market and generate high revenue, Wisium- the French company which specializes in feed premixes and additives launched its presence in the Philippine market at the SMX Convention Center in Pasay City.
Feb 2018 In order to promote poultry health and cater the increasing demand for poultry feed, Park Agrotech Ghana Limited announced the launch of high-potency poultry feed range called 'Lay More'. The feed launch is specific to layer birds and is made available in five different grades of feed different for different age of the bird.
Nov 2017 Astral is looking for investments in the poultry sector. The company already has a business unit dealing with poultry feed production. After seeing a successful streak, the company has become cash flushed and is looking for acquisitions in the poultry sector to capitalize on.
Poultry Feed Market - Competitive Analysis
In order to cope with the competitive environment in the poultry feed market, established players are identified to be focusing more on R&D sector to enhance the number of new product launches in the market. High focus on R&D sector is also enabling the manufacturers to bring new and innovative poultry feed in the market which would further help in promoting good health among the poultry. Acquisition of others players is another major strategy followed by the players to strengthen their business portfolio.
New players entering the market are emphasizing on increasing their investment in product development to expand their product line and strengthen their product portfolio. Additionally, the companies are also inclined towards expanding their geographical footprint by acquiring local and regional players. Key players in the market are introducing their products in the developing economies to penetrate the untapped market. The best long-term growth opportunities for this sector can be captured by ensuring ongoing product improvements and financial flexibility to invest in the optimal strategies.
The key players profiled in Poultry feed are Charoen Pokphand Foods PCL (Thailand), Cargill Inc. (US), Alltech Inc. (US), Archer Daniels Midland (US), De Heus B.V. (Netherlands), Land O' Lakes Inc. (US), ForFarmers N.V. (Netherlands), Nutreco N.V. (Netherlands), NEOVIA Group (France), and BASF SE (Germany) are some of the key players in the global poultry feed market.
Poultry Feed Market - Segments
The global poultry feed market has been divided into species, type, form, and region.
On The Basis Of Type: Starter, Grower, and Finisher
On The Basis Of Species: Chicken, Turkey, Others
On The Basis Of Form: Mash, Pellets, Crumbles, Others
On The Basis Of Region: North America, Europe, Asia Pacific and ROW.
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Poultry Feed Market - Regional Analysis
The global poultry feed market is segmented into North America, Europe, APAC, and Rest of the World (RoW). Global poultry feed market is highly dominated by Asia Pacific region due to potential poultry farming and high consumption of poultry meat in countries including India, China, Indonesia, and Japan. North America is the fastest growing region due to increasing demand for feed from the U.S. and Canada. The demand for poultry feed in countries like Germany, the U.S., India, Brazil and China is expected to grow even more in upcoming years.
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