Poultry Feed Market Size Analysis With Concentrate On Key Drivers, Trends & Challenges 2022-2032
The global market value for global poultry feed grew at a CAGR of roughly 3.5% over the last half-decade and is currently valued at US$ 111.3 Billion for the year 2022. According to a recent report by Future Market Insights, a market research and competitive intelligence provider, the global poultry feed market is expected to reach a market valuation of US$ 225.7 Billion by the year 2032, accelerating with a CAGR of 5.5% by 2022-2032.
As the world population continues to grow, the demand for
poultry products is expected to rise. The increasing popularity of poultry meat
and eggs as healthy protein sources is driving the growth of the market.
In addition, rising disposable incomes in developing
countries are providing a boost to the market. Consumers in these countries are
increasingly able to afford chicken and eggs, which has led to a shift in
dietary preferences away from plant-based proteins toward animal-based
proteins. This trend is providing opportunities for feed manufacturers to
expand their operations in developing countries.
The use of genetically modified organisms (GMOs) in poultry
feed is also expected to drive growth in the market. GMOs can improve feed
efficiency and help producers reduce costs.
Key Takeaways from Market Study
- Future
Market Insights (FMI) forecasts the poultry feed market to surpass
US$183.62 Bn in 2020
- Elevated
levels of poultry feed and nutrition will be required in high potential
countries of Asia, particularly to meet the burgeoning demand for poultry
products among consumers
- According
to FMI, East and South Asia will collectively exhibit a 1.5 times higher
rate of growth than the rest of the world
- Implementing
the latest technologies such as Nutrigenomics to help animals reach their
genetic potential is one of the key strategies adopted by market players
There is a paradigm shift in various countries towards
monogastric production, with poultry and pigs accounting for the dominant
percentage. This has led to the elevated demand for poultry feed to support the
growing population,” says a lead analyst at Future Market
Insights.
Competitive Landscape
The poultry feed industry has been growing in recent years
as demand for poultry products has increased. This is good news for the
industry, as it provides a strong foundation for continued growth. In
particular, the branded feed market is growing at a fast pace. This is due in
part to the fact that consumers are becoming more educated about the importance
of quality feed and are looking for brands they can trust.
This trend is being driven by several factors, including the
increasing popularity of organic and free-range poultry products. Consumers are
looking for ways to reduce their exposure to harmful chemicals, and they
believe that better-quality feed leads to healthier animals. They also
appreciate the fact that branded feeds often come with guarantees of quality
and safety.
As the poultry feed industry continues to grow, we can
expect to see even more innovation in this space. Feed companies are the
lifeblood of the poultry industry. Many different types of feed are used in
poultry production, but the most common are corn, soybean meal, and rice. A
wide variety of ingredients are blended with these basic ingredients to make
specialized poultry feeds.
The three largest feed companies in the world are ADM,
Cargill, and Bunge. They control a large percentage of the market for poultry
feed. These companies have a global presence and supply poultry feed to
producers all over the world.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an
unbiased analysis of Poultry Feed presenting historical demand data (2017-2021)
and forecast statistics for the period from 2022-2032.
The study divulges compelling insights on the Poultry Feed
based on Product Type (Layers, Broilers, Turkeys), Feed Type (Corn, Wheat,
Barley Others), Distribution Channel (Supermarkets, Convenience Stores,
Specialty Food Stores), Nature (Organic and Conventional), and across seven
major regions of the world (North America, Latin America, Europe, East Asia,
South Asia, Oceania, and MEA).
About Food & Beverage Division at Future Market
Insights
The Food & Beverage team at Future Market Insights
provides all the necessary insights and consulting analysis to fulfill the
unique business intelligence needs of clients worldwide. With a catalog of more
than 500 reports pertaining to the latest statistics and analysis from the food
& beverage industry, the team is happy to help with every business
intelligence research and consulting requirement.
Poultry Feed Market by Category
By Livestock:
- Layers
- Broilers
- Turkeys
By Nature:
- Conventional
- Organic
By Feed Type:
- Corn
- Wheat
- Barley
By Form:
- Granules
- Pellets
- Powder
Information Source: https://www.futuremarketinsights.com/reports/poultry-feed-market
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