According to the latest report by IMARC Group, titled Poultry Feed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the global poultry feed market forecast. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global poultry feed market size reached US$ 192.84 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 248.4 Billion by 2027 exhibiting a growth rate (CAGR) of 4.20% during 2022-2027.
Poultry feed is the food for poultry, including geese, duck, chickens, and other domestic birds; it includes grains such as barley, wheat, sorghum, and protein meals such as canola, soybean, and animal protein. It can be supplemented with food obtained through foraging and provides poultry with the energy needed to develop flesh, feathers, bone, and eggs. In recent years, poultry feed has gained momentum due to the rising consumption of meat and eggs worldwide.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Poultry Feed Market Trends and Drivers:
One of the primary factors driving the market is the growing poultry production across the world. Additionally, poultry meat consumption improves the overall quality of the human diet according to different ages, conditions and requirements, thus propelling the market growth.
Other than this, consumption of a balanced diet, including poultry, meat and vegetable, aid in reducing cardiovascular diseases (CVDs) and type 2 diabetes mellitus. Besides this, there has been a rise in the demand for chicken meat as it is readily available, reasonable, and low in fat. This, along with the increasing usage of automatic feeders and drinkers to enhance feeding in poultry farming, is catalyzing the market growth.
Moreover, modern poultry feed is produced by selecting and blending ingredients to provide a nutritional diet that aids in maintaining the health of animals and enhancing the quality of poultry products such as milk, meat, or eggs. Other growth-inducing factors include rapid global population, extensive research, experimentation, and chemical analysis to improve the existing animal diets
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The report has been segmented the market into following categories:
Breakup by Nature:
Breakup by Form:
Breakup by Additives:
- Amino Acid
- Feed Enzymes
- Feed Acidifiers
Breakup by Animal Type:
Breakup by Distribution Channel:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
List of Major Key Players:
- AFGRI Animal Feeds
- Archer-Daniels-Midland Company
- BASF SE
- Cargill Inc.
- Charoen Pokphand Foods Public Company Limited
- Chr. Hansen Holdings A/S
- De Heus Animal Nutrition
- ForFarmers N.V.
- Kent Nutrition Group (Kent Corporation)
- Koninklijke DSM N.V.
- Novus International Inc. (Mitsui & Co. (U.S.A.) Inc.).
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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