Poultry Feed Market Top Growth Companies, Global Growth, Size, Trends, Industry Analysis, Key Players by 2031

Poultry feed market size was valued at $110,801.00 million in 2020, and is estimated to reach $217,717.80 million by 2031, growing at a CAGR of 6.3% from 2022 to 2031.

An increasing population is a crucial element driving food consumption, which is expected to fuel the expansion of the poultry feed industry. Furthermore, increased poultry consumption and the development of improved feed formulas contribute toward the market's growth. However, a rise in raw material prices such as maize and corn, as well as the incidence of diseases such as avian flu, are likely to limit the market's growth throughout the projection period.

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Rise in worldwide population, consumption of poultry-based products, increased awareness regarding protein intake in daily diet, and shift in customer taste toward white meat rather than red meat drive the growth of the global poultry feed market. However, rise in vegan population hinders the market growth. On the other hand, high economic expansion in Asia-Pacific and the MEA countries has increased meat production and consumption in these regions, which in turn, presents new opportunities in the coming years.

According to the United Nations Food and Agriculture Organization (FAO), food consumption is predicted to increase by 60% between 2010 and 2050, while animal protein demand is expected to increase by 1.7% per year. Thus, this factor is expected to contribute toward the growth of the poultry feed market during the poultry feed market forecast.

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In Western and Eastern Africa, investments in poultry feed mills, poultry houses (for both broiler and egg production), and slaughterhouses are on an increase. Locals, international agribusiness firms with existing operations in Africa, international agribusiness firms seeking new prospects, or African governments (such as Morocco or South Africa) investing in adjacent countries make investments in Africa. For example, Sedima, a Western African French-speaking powerhouse, was founded in 1976 with only 120 chicks. Sedima has seen a variety of renovations and investments over the years. Currently, the company possesses a slaughterhouse equipped with stork equipment and capable of producing 4,000 to 6,000 chicks per hour. Furthermore, it collaborates with KFC to supply its broiler meat. As a result, investment in poultry infrastructure across the African continent is predicted to boost the growth of the poultry feed market.

Furthermore, the rise in animal protein consumption is projected to continue to be a major driving factor in the global poultry feed market during the forecast period. Furthermore, an increase in demand for fast food and processed foods, as well as an increase in poultry exports from Asia-Pacific, are likely to support market expansion. Furthermore, an increase in poultry consumption in North America as a result of higher beef costs is predicted to contribute toward the market growth. Government rules that make it easier to employ feed additives to improve the quality of poultry feed in countries such as China, India, and Brazil are likely to contribute to global poultry feed market growth. Furthermore, the absence of any religious implications on poultry meat that are linked with beef and pork drives market expansion. However, an increase in the prevalence of poultry diseases such as avian flu is projected to limit the market growth.

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The global poultry feed market analysis is segmented based on nature, feed type, distribution channel, and region. Depending on feed type, the market is classified into complete feed, concentrates, and premix. Complete feed is a mixture of various concentrate feed ingredients in suitable proportion. Commonly used ingredients in poultry feed include grains, barley, maize, minerals and vitamins among others. This nutritional feed consists of grains, and protein supplement such as soybean meal, maize, along with added minerals and vitamins. The nutrition or feed requirement of poultry birds depend on various factors such as age, weight, rate of egg production, growth rate, and climatic condition among others. Thus, the above factors have resulted into wide variety of feed formulations. The cost of complete feed is also low mainly due to low cost of ingredient and higher production that is expected to escalate the market growth.

Leading Market Players

Anko Food Machine Co. Ltd.
Berkshire Hathaway Inc.
Bucher Industries
John Bean Technologies Corporation (JBT)
Hosokawa Micron Corp.
GEA Group
Mallet & Company, Inc.
NICHIMO CO., LTD.
SPX Corporation
Tetra Laval International S.A.

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