Press release
Poultry Meal Market Analysis: Industry Dynamics and Future Outlook 2034
Poultry Meal Market
The global poultry meal market is estimated to be worth USD 1.4 billion in 2024 and is expected to reach USD 3.5 billion by 2034, expanding at a remarkable CAGR of 9.6% over the assessment period. As poultry farming scales globally to meet rising demand for poultry meat and eggs, the necessity for poultry meal in animal feed formulations is increasing.
Key Drivers of Market Growth for the Global Poultry Meal Market
Rising Demand for Poultry Products: Increased global consumption of poultry meat and eggs is driving the need for poultry meal as a critical ingredient in animal feed formulations.
Cost-Effectiveness: Poultry meal provides a low-cost protein source, helping feed manufacturers and farmers reduce overall feed costs while maintaining nutritional quality, enhancing profitability in animal farming.
Nutritional Benefits: With its high protein content and essential amino acids, poultry meal supports the health and growth of poultry, livestock, and aquaculture species, making it a preferred choice for balanced feed formulations.
Sustainable Practices: The inclusion of poultry meal, often derived from by-products of the poultry industry, aligns with sustainable agricultural practices, promoting a circular economy and reducing waste.
Technological Innovations: Advancements in feed processing techniques enhance the quality and digestibility of poultry meal, leading to better feed conversion rates and improved animal health.
Key Takeaways from the Poultry Meal Market
The global poultry meal market is projected to grow from USD 1.4 billion in 2024 to USD 3.5 billion by 2034, with a CAGR of 9.6%.
Increased global poultry consumption is driving demand for poultry meal in animal feed formulations.
Poultry meal offers a cost-effective protein source, enhancing profitability for feed manufacturers and farmers.
Innovations in feed processing improve the quality and digestibility of poultry meal.
Diverse packaging solutions streamline logistics and make poultry meal more accessible.
The aquaculture sector's growth significantly boosts demand for poultry meal as a key feed ingredient.
"Diverse packaging solutions are transforming logistics in the poultry meal sector, enhancing accessibility for all operation sizes. By offering various formats, producers cater to both large and small enterprises, streamlining storage and optimizing transportation efficiency. This increased availability solidifies poultry meal's role as a vital feed ingredient, driving industry growth and responding to evolving consumer needs." - says Nandini Roy Choudhury, Client Partner at Future Market Insight
Prominent Drivers of the Poultry Meal Market
Diverse Packaging Solutions: Varied packaging options improve logistics, making poultry meal more accessible for operations of all sizes.
Aquaculture Growth: The expanding aquaculture sector drives demand for high-protein feed ingredients like poultry meal.
Increasing Livestock Production: Rising global livestock numbers necessitate efficient and nutritious feed solutions.
Regulatory Support: Compliance with stringent food safety and quality regulations enhances consumer trust in poultry meal.
Rising Awareness of Animal Nutrition: Growing recognition of the importance of quality feed for livestock health drives poultry meal adoption.
Improved Feed Conversion Rates: High-quality poultry meal contributes to better feed conversion, enhancing overall livestock productivity.
Enhanced Quality Control Standards: Innovations in safety and quality control bolster the acceptance of poultry meal in various applications
Challenges Faced by the Poultry Meal Market
Sourcing Quality Raw Materials: Ensuring a consistent supply of high-quality raw materials for poultry meal production can be challenging.
Price Volatility: Fluctuations in raw material prices can impact production costs and profitability for poultry meal manufacturers.
Consumer Perception: Growing awareness of sustainable and ethical farming practices may lead to skepticism regarding the use of animal by-products.
Competition from Alternative Proteins: The emergence of plant-based and alternative protein sources poses a competitive threat to poultry meal.
Environmental Concerns: Addressing the environmental impact of poultry farming and by-product processing is increasingly critical for industry sustainability.
Market Fragmentation: A highly fragmented market with numerous small players can lead to challenges in establishing brand loyalty and market share.
Competitive Landscape of the Poultry Meal Market
The poultry meal market features a diverse and dynamic competitive landscape. Leading manufacturers are prioritizing research and development, sustainable sourcing, and market expansion into new regions. They are also committing to environmentally friendly practices and obtaining product certifications to meet the growing demand for sustainable ingredients.
Recent Development
In 2018, Symrise Aqua Feed with a partnership with Sushi Animal Nutrition Pvt. entered into the Indian Market. They are now importing and distributing "Marine hydrolysates & other Aqua ingredients" across Indian Market.
Boyer Valley's Poultry "By-Product Meal" is procured by combining the inedible products collected from USDA approved poultry processing facilities and rendered using good manufacturing practices.
Key Companies in the Poultry Meal Market
Grupo FASA
Susheela Group
BRF Ingredients
Gepro
Gavdeo International
West Coast Reduction Ltd.
Ara Agro Farm (Pvt) Ltd
NordFeed
Boyer Valley Company (BVC)
Digeoris
ECB COMPANY SRL A S.U.
Leo Group
Noblesse Proteins
LaBudde Group, Inc.
Others
Access the Full Report Poultry Meal Market Trends and Projections Now! https://www.futuremarketinsights.com/reports/poultry-meal-market
Key Segments of Report
By End Use (Feed Industry):
As per form, the market has been categorized into Poultry, Livestock, Aquaculture, and Pet Food
By Packaging:
This segment is further categorized into Up to 50 Kg, Up to 1000 Kg, and In Bulk
By Region:
Industry analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa.
Table Of Content
Table of Content
1. Executive Summary
2. Industry Introduction, Including Taxonomy and Market Definition
3. Market Trends and Success Factors, Including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections
5. Pricing Analysis
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034
6.1. End Use (Feed Industry)
6.2. Packaging
6.3. Region
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by End Use (Feed Industry)
7.1. Poultry
7.2. Livestock
7.3. Aquaculture
7.4. Pet Food
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Packaging
8.1. Up to 50 Kg
8.2. Up to 1000 Kg
8.3. In Bulk
Contact Us:
Future Market Insights Inc.
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Suite 401, Newark, Delaware - 19713, USA
T: +1-347-918-3531
Website: https://www.futuremarketinsights.com
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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