Poultry Feed Market Emerging Trends, Regional Analysis and Forecast 2029

4.9.2023: Poultry Feed Market revenue is expected to grow at 4.8 % through 2023 to 2029, reaching nearly USD294.60 Bn.

Poultry Feed Market Report Scope and Research Methodology

The comprehensive analysis report offers valuable insights into the dynamics, trends, and future prospects of the Poultry Feed industry during the forecast period. It covers key market drivers, challenges, and recent developments, along with demand trends, growth stimulators, spending patterns, and modernization trends across different regions.

The research is based on extensive research and analysis, incorporating inputs from industry experts, government agencies, and market participants, providing a reliable and accurate assessment of the market dynamics and future trends.

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What are Poultry Feed Market Dynamics?

Growing population across the globe is one of the key drivers in the global poultry feed market. Meat production capacity and supply is expected to grow to meet poultry meat demand of the growing population. The consumption of poultry-based products is expected to increase across the globe owing to their low cost and shift of consumer preference. Additionally, an increase in awareness about protein intake in daily diet of individual is expected to increase global per capita meat consumption.

The prohibition of antibiotics in poultry feed, which promotes quicker fowl growth, is likely to bring up new opportunities for poultry feed market participants. Antibiotic use in chicken feed, as per the World Health Organization (WHO) and other health agencies, causes serious health hazards to people.

Additional factors contributing to the market's growth include increased industrial livestock production and increased demand for organic feed. Because poultry requires 60% protein, 13% fat, and 3% calcium, poultry by-products and omega fats provide the majority of the essential nutrients. The by-product accounts for approximately 50% of the live market weight of grazing animals and 30% of the live market weight of poultry. These by-products are boiled, pulverised, and used as a chicken food supplement.

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Poultry Feed Market Segmentation?

Based on Animal Type, the global Poultry Feed market is segmented into Layer, Broiler, Turkey and Others. The Broilers segment held the largest market share of 38.60% in 2022. Growing demands for chicken meat due to its high nutritional content has emerged as a major driver of market growth. Broilers are grown solely for the purpose of producing Meat. Broiler farming is booming as a result of rising consumption for chicken meat, which has high protein content and is relatively inexpensive. Among the most crucial aspects of broiler production is appropriate diet.

Based on Feed Type, the global Poultry Feed market is segmented into Complete Feed, Concentrates, Premix and Others. The Complete Feed segment held the largest market share in 2022 and is expected to grow at a highest CAGR of xx% in the global poultry feed market during the forecast period. The complete feed is a quantitative mixture of all dietary ingredients to deliver the specific nutrients requirement. The feed system is one of the newest developments to maximize the potential of animal feed resources in a possible way. The complete with the usage of fibrous crop residue is a right way to surge the voluntary feed intake, which is expected to increase the animal's production performance.

Who are Poultry Feed Market Key Players?

1. Cargill Inc.
2. Land O'Lakes, Inc.
3. Tyson Foods, Inc.
4. Kent Nutrition Group, Inc.
5. Hi-Pro Feeds, Inc.
6. Southern States Cooperative
7. Westeon Milling Animal Nutrition
8. Zheng Da International Group
9. Alltech Inc.
10. Evonik Industries AG.
11. Miratorg Agribusiness Holding
12. Novus International Inc.
13. Chr. Hansen Holdings A/S
14. ADM Animal Nutrition
15. Perdue Farms Inc.
16. J.D. Heiskell & Co.
17. Wen's Food Group
18. Balance Agri-Nutrients Ltd.
19. DeKalbs Feeds, Inc.
20. Royal DSM N.V.
21. New Hope Group
22. Forfarmers B.V.
23. Charoen Pokphand PLC
24. EWOS Group
25. Associated British Foods plc.
26. De Heus Voeders B.V.

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Regional Insights:

Asia Pacific held the largest market share of 28.17% in 2022 and is expected to remain its leading position in the global Poultry Feed market during the forecast period. Changing lifestyles, growing disposable income, and population growth are expected to boom the Asia-Pacific poultry feed market. Additionally, an increase in government initiatives to raise meat production to meet the growing demand in the region is expected to boost the market growth. Rapid urbanization and growth in disposable income in the region is expected to drive the poultry feed market growth.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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