Poultry Feed Market In-depth Insights, Revenue Details, Regional Analysis by 2033
The poultry
feed market is expected to increase from US$ 216.5 billion in 2023 to
US$ 365.6 billion by 2033.
Increased Use of Online
Food Delivery Channels is Contributing to the Growth of the Poultry Business
Farmers feed poultry birds such
as ducks, turkeys, chickens, geese, and other domestic birds with poultry feed.
Modern feed is created by carefully selecting and combining ingredients to
provide a high nutritional diet that maintains the health of poultry birds
while also boosting the quality of end products such as meat and eggs. The
primary ingredients required by poultry birds for development, reproduction,
maintenance, and health include minerals, vitamins, carbohydrates, proteins,
and water.
Protein is a vital source of
energy for chicken birds, particularly when carbohydrate and fat intake is low.
The lack of anti-nutritional substances such as phytic acid, as well as the
effect of unrestricted feed intake on the digestive tract of poultry birds, are
driving up demand for poultry feed.
The rise in the global population
is a critical factor that is likely to fuel the growth of the global poultry
feed market. Furthermore, due to their low cost and a movement in customer taste
towards white meat rather than red meat, consumption of poultry-based products
has expanded dramatically around the world.
Improved awareness of protein
intake in daily diet is an important factor in growing global per capita meat
consumption. Additionally, rapid economic growth in the Asia Pacific and the
Middle East and Africa countries has increased meat production and consumption
in these regions, propelling market growth.
The fundamental driver of the
poultry feed industry is an increase in demand for poultry meat products.
Additional factors driving market growth include increasing industrial
livestock production and growing demand for organic feed.
Population and income have a
considerable impact on poultry product demand. Packaged poultry feed is expected
to evolve more quickly than traditional chicken feed, offering new
opportunities for industry participants.
Feed product quality and cost
have emerged as two of the most important elements in this market, and
suppliers are playing an essential role in the poultry feed business. To keep
prices under control, chicken feed businesses are anticipated to increase their
involvement in raw material production, which is expected to change market
buying processes.
Information Source: https://www.futuremarketinsights.com/reports/poultry-feed-market
Key Points from the Poultry
Feed Market
- The requirement for nutritional feed to avoid
poultry diseases, as well as farmers’ embrace of poultry farming as a
source of income, is likely to drive the poultry feed market during the
forecast period.
- The poultry feed market is expected to capture a
CAGR of 5.4% during the forecast period 2023 to 2033.
- Asia Pacific dominated the poultry feed market.
Key Developments in
the Poultry Feed Market
- In March 2019, DuPont de Nemours and Company
introduced the chicken feed supplement SYNCRA to improve nutrient
digestibility in poultry production.
- In September 2018, DSM N.V. and Novozymes released
BALANCIUS, a feed enzyme that improves feed efficiency and digestibility
in broilers while simultaneously increasing long-term product yield.
- In October 2019, Cargill developed a feeding
intelligence platform that provides farmers with materials on the most
recent intelligent animal production techniques, intending to assist
farmers in navigating and improving their operations across all species,
including poultry animals.
- In May 2018, Farmers introduced APOLLO, a new
broiler feed brand, to broiler producers in the United Kingdom and
Northwest Europe. The new feed line was designed to help modern broiler
birds grow and stay healthy.
Poultry Feed Market by Key
Segment
By Livestock:
- Layers
- Broilers
- Turkeys
By Nature:
- Conventional
- Organic
By Feed Type:
- Corn
- Wheat
- Barley
By Form:
- Granules
- Pellets
- Powder
By Regional:
- North America
- Europe
- Asia Pacific
- Central & South America
- The Middle East & Africa
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