Poultry Feed Market Emerging Trends, Industry Share, Growth Strategy, Developing Technologies, Market Potential, Regional Overview And SWOT Analysis 2021

Precision Business Insights published a research report on “Global Poultry Feed Market: By type (Broilers, Turkeys, Layers, and Others), By additives (Antibiotics, Antioxidants, Feed Enzymes, Vitamins, Amino Acids, Feed Acidifiers, and Others) and By Region (North America, Latin America, Asia Pacific, Europe, Middle East and Africa (MEA)) - Global/Region/Country Forecast to 2027".

The global poultry feed market is expected to grow at significant rate during the forecast period 2021-2027.

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Launching of Novel Poultry Feeds and Feed Additives will fuel the Global Poultry Feed Market
Food for poultry farm, which includes chickens geese, ducks and other domestic birds, is known as poultry feed. Plenty of vital nutrients in accurate amount are needed for the healthy poultry growth. Increasing cases of poultry illnesses and growing demand for the meat anticipated to drive the global feed market growth. Moreover, another crucial factor expected to bolster the poultry feed market share over the evaluation time span is rising poultry business in developed and developing economies of the world. Furthermore, launching of the novel poultry feeds as well as feed additives to improve the health and provide effective nutrients for the poultry projected to drive the market share further. Moreover, huge demand for the healthy protein diet leads towards growth in demand for the poultry products. On the other hand, high maintenance price, increasing price of raw materials and dearth of consciousness about the novel products amid poultry farmers are anticipated to restrain the growth of the market over the forecast years.

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Regional Analysis - Global Poultry Feed Market
Based on regional analysis, poultry feed market is categorized into different regions such as North America, Asia Pacific, Latin America, Europe, Africa and Middle East. Asia Pacific poultry feed market is expected to record rapid growth rates due to the growing demand for the poultry products than other meats like beef and pork particularly in economies of this region such as China and India. Poultry feed market in North America is anticipated to record considerable growth rates due to the presence of the industry players who are participating in R&D as well as novel product launches in the market and growing demand for the poultry meat consumption. Europe poultry feed market anticipated to witness considerable market share in the poultry feed market due to the factors such as growing population, which led to the growing demand for the meat, urbanization and increase in demand for the animal proteins particularly for poultry meat and eggs.

Competitive Analysis
A few key players profiled in the global poultry feed market are Hansen Holdings A/S (Denmark), Evonik Industries AG (Germany), Koninklijke DSM N.V. (Netherlands), Novus International Inc. (U.S), Alltech Inc. (U.S), BASF SE (Germany), Charoen Popkhand Foods (Thailand), Archer Daniels Midland Company (U.S), Cargill Inc. (U.S), Associated British Food Plc (U.K), Adisseo (China) and Novozymes (Novo Holdings A/S) (Denmark).

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