Global Poultry Feed Market Growth, Industry Size, Share & Report 2023-2028
The global poultry feed market size reached US$ 202.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 257.4 Billion by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.
Poultry feed represents specialized formulations produced for poultry, including chicken, geese, ducks, and other domestic birds. They are prepared using cereal, barley, wheat, sorghum, grains, oats, protein meals, fats, oils, etc., and are available in multiple forms, such as mashed, pellets, crumbles, etc. Poultry feed items provide the energy required for the development of the flesh, bone, feathers, and eggs of flocks. They even help improve the quality of poultry products. As a result, poultry feed products are in extensive demand among poultry farmers across the globe.
Industry Trends Drivers
The increasing poultry production and the rising consumption of eggs and meat across countries, on account of the elevating shift toward protein-rich diets, are among the key factors driving the poultry feed market. Additionally, the escalating requirement for chicken meat, owing to its affordability, ready availability, and lower fat content, which helps reduce cardiovascular diseases (CVDs) and type 2 diabetes mellitus, is acting as another significant growth-inducing factor.
Request For Free Sample Report: imarcgroup.com/poultry-feed-market/requests..
Moreover, the growing utilization of automatic feeders and drinkers to enhance feeding in poultry farming is also positively influencing the global market. Apart from this, the introduction of modern poultry feed variants that are produced by carefully selecting and blending ingredients to offer a highly nutritional diet that aids in maintaining the health of the animals and enhancing the quality of poultry products is further stimulating the market growth. Besides this, the inflating investments in research and development (RD) activities to help agricultural scientists focus on experimentation and chemical analysis to introduce improvements in existing animal diets are expected to bolster the poultry feed market over the forecasted period.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
AFGRI Animal Feeds, Alltech, 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. and Novus International Inc. (Mitsui Co. (U.S.A.) Inc.).
Report Segmentation
Breakup by Nature:
Conventional
Organic
Breakup by Form:
Mashed
Pellets
Crumbles
Others
Breakup by Additives:
Antibiotics
Vitamins
Antioxidants
Amino Acid
Feed Enzymes
Feed Acidifiers
Others
Breakup by Animal Type:
Layers
Broilers
Turkey
Others
Breakup by Distribution Channel:
Offline
Online
By Geography:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Ask An Analyst: imarcgroup.com/request?type=reportid=5836fl..
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 |
Africa and Europe :- +44-702-409-7331 |