North America Poultry Feed Market Segments, Opportunities, Regional Forecast To 2028

Market Introduction

North America Poultry Feed Market The US, Canada, and Mexico are the key economies in North America. The upswing in the consumption of poultry products among consumers is boosting the poultry feed market in this region. With the increasing concerns over health and fitness, the demand for protein-rich food, such as eggs and chicken, has increased. North America Poultry Feed Market According to the United States Department of Agriculture (USDA), the US poultry industry is one of the largest poultry meat producers and exporters across the world. In the US, the consumption of poultry meat (broilers, other chicken, and turkey) is comparatively higher than beef or pork consumption, which is contributing significantly to the growth of the US poultry feed market.

Poultry production continues to thrive in North America. Players operating in this market are focusing on providing high-quality poultry feed products with improved performance. For instance, in October 2021, Cargill introduced poultry feed with essential oils for healthy flocks and maximized egg production. North America Poultry Feed Market The company claims that its new products, Nutrena and NatureWise formulas, will boost backyard chickens' overall wellness and productivity. It also claims that natural essential oils present in the feed will promote egg weight, size, and production. Another animal health and nutrition company, Alltech, launched a new poultry feed additive in November 2018, which aids in optimizing gut form and function. All these happenings demonstrate aggressive efforts of manufactures that are projected to boost the regional market in the near future.

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Market Overview and Dynamics

The poultry feed market in North America is expected to grow from US$ 23,676.04 million in 2021 to US$ 28,270.57 million by 2028; it is estimated to grow at a CAGR of 2.6% from 2021 to 2028. Increasing demand for fortified poultry feed products; poultry feed products are fortified with optimal levels of calcium, phosphorus, minerals, and vitamins. North America Poultry Feed Market Feed fortification will decrease mortality and increase bone strength. Feed fortification has a positive effect on bone strength which leads to a reduction of bone fractures. Probiotic fortification of a feed helps to improve growth performance, animal immunity, and overall poultry performance. The poultry feed is fortified with synthetic amino acids is to reduce the use of crude protein, such as soybean, meal in poultry diets.

In addition to contributing to protein-rich feedstuff substitution, amino acids can also positively impact animal metabolism. North America Poultry Feed Market There is an increase in interest in such dietary intervention that could address the protein deficit by lowering dependence on soybean. The import of soybean could be significantly reduced through the use of feed-grade amino acids. The fluctuation in soybean prices is also expected to boost the need for feed-grade amino acids in poultry feed. Hence, increasing demand for fortified poultry feed products would emerge as a trend in the North America poultry feed market in the coming years.

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The List of Companies

ADM

Alltech.

Cargill, Incorporated.

Charoen Pokphand Foods PCL

De Heus Animal Nutrition.

Kent Corporation

Land O'Lakes, Inc.

SHV Holdings

Key Drivers of the Market

1.Rising Poultry Consumption: North America Poultry Feed Market Over the past few decades, poultry meat consumption has seen a significant rise, driven by the growing demand for affordable, high-protein, and versatile food options. Poultry is often considered a healthier and more economical alternative to red meat, contributing to its increased consumption, especially in urban areas. This surge in demand for poultry products has directly impacted the demand for poultry feed.

2.Technological Advancements in Poultry Feed Production: North America Poultry Feed Market The poultry feed industry has experienced technological advancements aimed at improving feed efficiency, quality, and cost-effectiveness. The development of nutritionally balanced feed formulations, precision feeding techniques, and feed additives such as enzymes, probiotics, and antibiotics has improved overall poultry health and productivity. These innovations have allowed poultry farmers to achieve better feed conversion ratios (FCR), a critical factor for profitability in the industry.

3.Population Growth and Urbanization: North America Poultry Feed Market North America's population continues to grow, with a significant portion of the population residing in urban centers. Urbanization has led to changes in dietary patterns, with more people opting for processed and ready-to-eat poultry products. The increased demand for poultry products from both urban and rural areas drives the growth of the poultry feed market, as poultry farmers seek to meet consumer demand.

4.Shift to Healthier and Sustainable Practices: North America Poultry Feed Market Consumers in North America are increasingly becoming more conscious of the environmental and health impacts of their food choices. This has resulted in a growing trend toward sustainably produced poultry, with a focus on natural and organic feed options. The demand for antibiotic-free poultry products is also on the rise, driving innovations in poultry feed formulations to ensure better health and productivity without the use of antibiotics.

5.Government Policies and Support: North America Poultry Feed Market Various government initiatives and support programs in North America encourage the growth of the poultry farming industry, which indirectly boosts the poultry feed market. In the United States, for instance, subsidies and grants provided to farmers help improve productivity and ensure the availability of feed at competitive prices. Regulatory frameworks also play a role in ensuring feed safety standards and maintaining high-quality poultry products.

Segments Covered

By Poultry Type

Layers
Broilers
Turkeys
By Form

Pellets
Crumbles
Mashed
By Category

Organic
Conventional

Market Introduction:
Key Economies: The US, Canada, and Mexico are the primary players in the North American poultry feed market.

Demand Drivers: Increasing demand for protein-rich foods like eggs and chicken is fueling the market, as consumers become more health-conscious.

US Poultry Industry: The US is one of the world's largest producers and exporters of poultry meat, with consumption of poultry meat (broilers, chicken, and turkey) surpassing that of beef and pork.

New Product Launches: Companies like Cargill and Alltech are introducing innovative products, such as poultry feed with essential oils and feed additives aimed at enhancing flock health and productivity.

Market Challenges:
COVID-19 Impact: The pandemic disrupted manufacturing, sourcing of raw materials, and poultry consumption, leading to a decline in poultry production, especially in 2020. However, recovery efforts, including vaccination drives, are expected to boost demand in the coming years.

Fortified Feed: There is growing interest in fortified poultry feed, which includes key nutrients like calcium, phosphorus, vitamins, and probiotics. These products are designed to improve poultry health, reduce mortality, and increase productivity.

Amino Acid Usage: The increasing use of synthetic amino acids in feed is expected to reduce dependence on soybeans and help manage feed costs due to fluctuating soybean prices.
Reasons to Buy the Report:
Market Insights: The report helps identify lucrative market segments and provides a thorough understanding of market performance, ensuring better business decisions.

Competitive Landscape: It offers insights into the competitive dynamics of the market, which can be valuable for strategic planning, M&A, and partnership opportunities.

Revenue Forecast: The report includes a market revenue forecast for 2021-2028 by various segments.

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