Poultry Feed Market Is Likely To Engender Revenue Of $157,715.1 Million by 2023

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.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/5392

Increase in investments in poultry feed mills, poultry houses (for both broiler and egg production), and slaughterhouses is currently booming in Western and Eastern Africa. The investments in Africa are done by local people, international agribusiness firms that are already involved in businesses in Africa, international agribusiness firms seeking for new opportunities, or African countries (such as Morocco or South Africa) that are investing in neighboring countries. For example, Sedima, a giant of the Western African French-speaking countries, was established in 1976 with only 120 chicks.

Over the years, Sedima witnessed a number of improvements and investments. Presently, the company owns a slaughterhouse with stork equipment and with a capacity of 4,000 to 6,000 chicks per hour. In addition, it works in collaboration with KFC to supply its broiler meat. Thus, investment in poultry infrastructure throughout African region is expected to accelerate the growth of the poultry feed market.

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.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/5392

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.

Top Key Players: 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.

Key Findings of the Poultry Feed Market :
• Based on feed type, the complete feed segment was the highest contributor to the global poultry feed market in 2018, and is projected to grow at a CAGR of 6.6%.
• The concentrates segment is expected to grow at a CAGR of 8.6% from 2019 to 2023.
• The premix segment is estimated to register a CAGR of 9.5% from 2019 to 2023.
• Asia-Pacific held the largest market poultry feed market share in 2018, and is expected to grow at a CAGR of 4.9% from 2019 to 2023.

Access Full Report Summary: https://www.alliedmarketresearch.com/poultry-feed-market

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

About Allied Market Research:

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 domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

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.

This release was published on openPR.