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Poultry Feed Market- Insights By Revenue, Upcoming Trends And Worldwide Players Foresights Till 2028

11-11-2024 03:33 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Premium Market Insights

The Poultry Feed Market was valued at US$ 124,611 million in 2021 and is projected to reach US$ 156,710 million by 2028; it is expected to grow at a CAGR of 3.3% from 2021 to 2028.

Poultry feed is produced from various raw materials, such as cereal and grains, cakes or oil meal, and feed additives. The nutritional requirements of the poultry feed depend on the weight and age of the poultry, their rate of growth, and the rate of egg production. The increase in the consumption of poultry products among consumers is boosting the poultry feed market.

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Analysis of the Top Market Players:

1. ADM
2. Cargill, Incorporated.
3. Alltech.
4. Charoen Pokphand Foods PCL
5. ForFarmers
6. Kent Corporation
7. SHV Holdings
8. Land O'Lakes, Inc.
9. AFGRI Animal Feeds.
10. De Heus Animal Nutrition.

In this report, the market has been segmented on the basis of:

Poultry Type (Layers, Broilers, Turkeys, and Others)
Form (Mashed, Pellets, Crumbles, and Others)
Category (Organic and Conventional)

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Based on poultry type, the global poultry feed market is segmented into layers, broilers, turkeys, and others. The broilers segment held the largest share of the market in 2020. Broilers are chickens raised for meat and are fed a high-protein diet to help support rapid growth. Broiler chicken feed comes in different forms, such as mash, pellet, and crumble. India is one of the largest broiler producers with the growing demand for compound feed in the broiler industry. The increasing broiler production will continue to boost the demand for broiler poultry feed during the forecast period.

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