Global Poultry Feed Market
Overview of Global Poultry Feed market:
According to Stratistics MRC, the Global Poultry Feed Market is accounted for $121.3 billion in 2023 and is expected to reach $193.5 billion by 2030 growing at a CAGR of 6.9% during the forecast period. Poultry feed refers to the specialized food formulated and provided to domesticated birds raised for their meat, eggs, or feathers. These birds typically include chickens, ducks, turkeys, geese, and quail, among others. Poultry feed is designed to meet the nutritional requirements of each species and stage of growth, ensuring optimal health, growth, egg production and meat quality. It usually consists of a balanced mix of grains, protein sources, vitamins, minerals, and sometimes additives like antibiotics or probiotics, depending on the specific needs of the birds and the farming practices employed.
This report analyzes the Poultry Feed market from 2022 to 2030. It uses a combination of detailed sales and revenue data with insights from industry experts. The report goes beyond just market size and growth rate. It also dives into different market segments, such as region, product type, ingredient type, additive type etc. This provides a comprehensive picture of how the market breaks down across various categories.
As COVID-19 has reshaped the world economy, our team has been keeping a careful eye on its effects on the market. Beyond the pandemic, we take into account other important variables such as the general state of the economy, local conflicts, and news and regulations unique to the industry. This guarantees a comprehensive perspective on the market.
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Market Dynamics:
Driver:
Rising demand for poultry meat
The market is witnessing a surge in demand for poultry meat, driven by factors like population growth, rising incomes, and dietary preferences. Consumers are increasingly turning to poultry products due to their affordability, nutritional value, and versatility in cooking. This trend is expected to continue growing as the poultry industry focuses on improving production efficiency, sustainability, and animal welfare practices to meet the rising global demand for high-quality poultry meat.
Restraint:
Competition from alternative proteins
Plant-based proteins, insect-derived meals, and synthetic amino acids are gaining traction due to sustainability concerns and technological advancements. This shift challenges the dominance of conventional feed sources like soybean meal and fishmeal, prompting industry players to innovate and diversify their offerings. Strategies focusing on cost-efficiency, nutritional value, and environmental impact are pivotal in navigating this evolving landscape.
Opportunity:
Surge in demand for organic feed
The market is witnessing a notable surge in demand for organic feed, reflecting a growing consumer preference for natural and sustainable products. This shift is driven by concerns over the use of synthetic additives and chemicals in conventional feed. Organic feed offers a more environmentally friendly and health-conscious alternative, aligning with the increasing awareness about food quality and safety among consumers. This trend underscores a significant opportunity for organic feed producers in the poultry industry.
Threat:
High raw material prices
The market is grappling with soaring raw material prices, creating significant challenges for industry players. The cost escalation, especially in key ingredients like grains and proteins, has led to higher production expenses, squeezing profit margins. Producers are under pressure to manage these costs efficiently while ensuring the quality and nutritional value of their feeds remain uncompromised. This situation underscores the critical need for strategic pricing and supply chain management strategies within the poultry feed sector.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the poultry feed market. Disruptions in the supply chain led to increased costs of raw materials, affecting production and distribution. Fluctuating demand due to lockdowns and economic uncertainties further strained the market. However, a shift towards home cooking and healthy eating trends boosted poultry consumption, partially offsetting the negative effects. Overall, the market witnessed challenges but also opportunities for adaptation and innovation in response to the pandemic's effects.
The broiler segment is expected to be the largest during the forecast period
The broiler segment is expected to be the largest during the forecast period. Factors such as rising consumer awareness about protein-rich diets, technological advancements in feed formulations, and emphasis on animal welfare contribute to the segment's growth. Broiler feed manufacturers focus on developing nutritionally balanced feeds to optimize growth rates, meat quality, and feed conversion ratios, ensuring profitability for farmers and meeting the evolving preferences of consumers.
The vitamins segment is expected to have the highest CAGR during the forecast period
The vitamins segment is expected to have the highest CAGR during the forecast period. Key players in the industry are focusing on developing innovative vitamin formulations that enhance poultry health and productivity. Rising awareness among poultry farmers regarding the importance of balanced nutrition is also contributing to market expansion. Additionally, advancements in feed technology and stringent regulations regarding animal nutrition are further shaping the dynamics of the market.
Region with largest share:
North America is projected to hold the largest market share during the forecast period due to diverse range of products catering to the needs of poultry farmers. With a focus on nutritional quality, efficiency, and sustainability, key players in the market continually innovate to meet the demands of a growing poultry sector. Factors such as technological advancements, rising consumer awareness regarding healthy poultry products, and stringent regulatory standards contribute to the market's steady growth trajectory in the region.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period. The growth of the poultry feed market is propelled by factors such as urbanization, rising disposable incomes, changing dietary preferences, and an expanding middle class that prefers protein-rich diets, including poultry products. The market has seen advancements in feed formulations, incorporating additives, enzymes, and probiotics to improve feed efficiency, enhance poultry health, and reduce environmental impact.
Key Developments:
In November 2023, Refit Animal Care, a manufacturer and supplier of high-quality animal feed and supplements, launched two new products of pigeon feed supplements to enhance poultry health and productivity.
In April 2022, Cargill invested USD 50 million toward developing R&D in China, near Elk River, Minnesota, and a facility in the Netherlands to research and build animal nutrition and feeds.
Leading Industry Players in the Poultry Feed market worldwide:
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Global Poultry Feed Market Segmentation
The Poultry Feed market segmentation encompasses various dimensions, including product type, ingredient type, additive type, source, application, form, end user, region, and competitors. By product type, the market is divided into several categories, tailored for optimal poultry nutrition and health. The market is segmented by ingredient type, ensuring balanced nutrition. By additive type, it provide robust communication testing and measurement capabilities. In terms of source, it ensures balanced nutrition and sustainable production. The market segmentation by form optimizes growth and productivity and by end user, it ensures quality and performance in poultry production. Geographically, the market is segmented into major regions such as North America, Europe, Asia Pacific, South America, the Middle East and Africa, each exhibiting different market dynamics and growth opportunities. Competitor analysis reveals the competitive landscape, with major players developing new products, strategic partnerships, mergers and acquisitions, and competing for market share. Additional segmentation factors provide a comprehensive understanding of the Poultry Feed market's structure and potential.
Geographic Regions Covered:
North America: United States, Canada, and Mexico.
Europe: Germany, United Kingdom, Italy, France, Spain, and Rest of Europe.
Asia Pacific: Japan, China, India, Australia, New Zealand, South Korea, and Rest of the Asia Pacific region.
South America: Argentina, Brazil, Chile, and the rest of South America.
Middle East & Africa: Saudi Arabia, United Arab Emirates, Qatar, South Africa, and Rest of the Middle East & Africa.
Key Questions Answered in This Report:
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Table of Contents (TOC) for the Global Poultry Feed Market Research Report (2024-2030)
1 Executive Summary ? ??? ? ??
2 Preface ? ???
2.1 Abstract ? ??
2.2 Stake Holders ? ??
2.3 Research Scope ? ??
2.4 Research Methodology ? ??
2.4.1 Data Mining ???
2.4.2 Data Analysis ???
2.4.3 Data Validation ???
2.4.4 Research Approach ???
2.5 Research Sources ? ??
2.5.1 Primary Research Sources ???
2.5.2 Secondary Research Sources ???
2.5.3 Assumptions ??? ? ??
3 Market Trend Analysis????
?3.1 Introduction????
?3.2 Drivers?????
?3.3 Restraints????
?3.4 Opportunities????
?3.5 Threats?? ???
?3.6 Product Analysis????
?3.7 End User Analysis????
?3.8 Emerging Markets????
?3.9 Impact of Covid-19???? ????????
4 Porters Five Force Analysis????
?4.1 Bargaining power of suppliers???
?4.2 Bargaining power of buyers???
?4.3 Threat of substitutes???
?4.4 Threat of new entrants???
?4.5 Competitive rivalry???? ????????
5 Global Poultry Feed Market, By Product Type??
?5.1 Introduction????
?5.2 Broiler?????
?5.3 Layer?????
?5.4 Turkey?????
?5.5 Other Product Types??? ????????
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6 Global Poultry Feed Market, By Ingredient Type??
?6.1 Introduction????
?6.2 Plant-based Feed????
?6.3 Animal-based Feed????
?6.4 Synthetic Feed????
?6.5 Other Ingredient Types??? ????????
7 Global Poultry Feed Market, By Additive Type??
?7.1 Introduction????
?7.2 Antioxidants????
?7.3 Amino Acid????
?7.4 Antibiotics????
?7.5 Vitamins?????
?7.6 Feed Enzymes????
?7.7 Feed Acidifiers????
?7.8 Other Additive Types??? ????????
8 Global Poultry Feed Market, By Source???
?8.1 Introduction????
?8.2 Soybean?????
?8.3 Blend Grains????
?8.4 Corn?????
?8.5 Wheat?????
?8.6 Other Sources???? ????????
9 Global Poultry Feed Market, By Form???
?9.1 Introduction????
?9.2 Pellets?????
?9.3 Crumbles?????
?9.4 Mashed?????
?9.5 Other Forms???? ????????
10 Global Poultry Feed Market, By End User???
?10.1 Introduction????
?10.2 Poultry Farmers????
?10.3 Feed Mills and Integrators???
?10.4 Pet Food Manufacturers???
?10.5 Research Institutions???
?10.6 Other End Users
Continued…
List of Tables ? ? ?
1 Global Poultry Feed Market Outlook, By Region (2021-2030) ($MN)
2 Global Poultry Feed Market Outlook, By Product Type (2021-2030) ($MN)
3 Global Poultry Feed Market Outlook, By Broiler (2021-2030) ($MN)
4 Global Poultry Feed Market Outlook, By Layer (2021-2030) ($MN)
5 Global Poultry Feed Market Outlook, By Turkey (2021-2030) ($MN)
6 Global Poultry Feed Market Outlook, By Other Product Types (2021-2030) ($MN)
7 Global Poultry Feed Market Outlook, By Ingredient Type (2021-2030) ($MN)
8 Global Poultry Feed Market Outlook, By Plant-based Feed (2021-2030) ($MN)
9 Global Poultry Feed Market Outlook, By Animal-based Feed (2021-2030) ($MN)
10 Global Poultry Feed Market Outlook, By Synthetic Feed (2021-2030) ($MN)
11 Global Poultry Feed Market Outlook, By Other Ingredient Types (2021-2030) ($MN)
12 Global Poultry Feed Market Outlook, By Additive Type (2021-2030) ($MN)
13 Global Poultry Feed Market Outlook, By Antioxidants (2021-2030) ($MN)
14 Global Poultry Feed Market Outlook, By Amino Acid (2021-2030) ($MN)
15 Global Poultry Feed Market Outlook, By Antibiotics (2021-2030) ($MN)
16 Global Poultry Feed Market Outlook, By Vitamins (2021-2030) ($MN)
17 Global Poultry Feed Market Outlook, By Feed Enzymes (2021-2030) ($MN)
18 Global Poultry Feed Market Outlook, By Feed Acidifiers (2021-2030) ($MN)
19 Global Poultry Feed Market Outlook, By Other Additive Types (2021-2030) ($MN)
20 Global Poultry Feed Market Outlook, By Source (2021-2030) ($MN)
21 Global Poultry Feed Market Outlook, By Soybean (2021-2030) ($MN)
22 Global Poultry Feed Market Outlook, By Blend Grains (2021-2030) ($MN)
23 Global Poultry Feed Market Outlook, By Corn (2021-2030) ($MN)
24 Global Poultry Feed Market Outlook, By Wheat (2021-2030) ($MN)
25 Global Poultry Feed Market Outlook, By Other Sources (2021-2030) ($MN)
26 Global Poultry Feed Market Outlook, By Form (2021-2030) ($MN)
27 Global Poultry Feed Market Outlook, By Pellets (2021-2030) ($MN)
28 Global Poultry Feed Market Outlook, By Crumbles (2021-2030) ($MN)
29 Global Poultry Feed Market Outlook, By Mashed (2021-2030) ($MN)
30 Global Poultry Feed Market Outlook, By Other Forms (2021-2030) ($MN)
31 Global Poultry Feed Market Outlook, By End User (2021-2030) ($MN)
32 Global Poultry Feed Market Outlook, By Poultry Farmers (2021-2030) ($MN)
33 Global Poultry Feed Market Outlook, By Feed Mills and Integrators (2021-2030) ($MN)
34 Global Poultry Feed Market Outlook, By Pet Food Manufacturers (2021-2030) ($MN)
35 Global Poultry Feed Market Outlook, By Research Institutions (2021-2030) ($MN)
36 Global Poultry Feed Market Outlook, By Other End Users (2021-2030) ($MN)? ?? ? ? ??
Note:?Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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