Poultry Feed Market By Nature (Conventional, Organic), By Feed Type (Complete Feed, Concentrates, Premix), By Distribution Channel (Offline, Online), : Global Opportunity Analysis and Industry Forecast, 2020-2031
The global poultry feed market was valued at $110.8 billion in 2020 and is projected to reach $217.7 billion by 2031, growing at a CAGR of 6.3% from 2022 to 2031.
The conventional segment was the highest revenue contributor to the market, with $94.2 billion in 2020, and is estimated to reach $180.9 million by 2031, with a CAGR of 6.0%.
Poultry feed is fed to poultry birds such as ducks, turkeys, chicken, geese, and other domestic birds. Poultry birds require a certain amount of carbohydrates and proteins, as well as nutritional minerals, vitamins, and an adequate supply of fresh and clean water. Large flocks of poultry birds are currently in farms as a result of the commercialization of poultry. Enormous amount of nutritionally balanced poultry feed is necessary to meet the nutritional demand. This balanced feed is made primarily of grains and protein supplements such as soybean meal and maize, as well as added minerals and vitamins.
The nutrition or feed requirement of poultry birds is determined by a variety of characteristics such as age, weight, egg production rate, growth rate, and climatic conditions, which has increased the demand for a wide range of feed formulations. As a low-cost ingredient, local ingredients such as barley and maze can be combined. Poultry feed comes in three varieties—crumbles, pellets, and mash. Crumbles are an excellent sort of feed since they are high in protein. Although mash is often used for young birds, it can be combined with warm water to create a thick oatmeal-like treat for chickens. However, it must be given immediately because it molds if not consumed within a short period of time.
The increase in animal protein consumption is likely to be a major driving factor in the global poultry feed market during the forecast period. Furthermore, rise in demand for fast food and processed foods, as well as an increase in poultry exports from Asia-Pacific, are likely to drive the market expansion. The increase in chicken consumption in North America as a result of rising beef costs is predicted to contribute significantly to the expansion of the poultry feed market. Furthermore, government laws governing the use of feed additives to improve the quality of poultry feed in nations such as China, India, and Brazil are likely to support industry growth. Furthermore, the absence of any religious overtones on poultry meat that are linked with beef and pork accelerates the process. However, increase in incidence of poultry diseases, such as bird flu, is expected to restrict the market growth.
The poultry feed market is segmented on the basis of nature, feed type, distribution channel, and region. On the basis of feed type, the market is classified into complete feed, concentrates, and premix. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players analyzed in the poultry feed market include Cargill Inc., Cargill Inc., Land O’Lakes, Inc., Tyson Foods, Inc., Alltech, ADM Animal Nutrition, Perdue Farms Inc., J.D. Heiskell & Co., Kent Nutrition Group, Inc., Hi-Pro Feeds, Inc., and Southern States Cooperative.
KEY BENEFITS FOR STAKEHOLDERS
This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global poultry feed market from 2019 to 2023 to identify the prevailing market opportunities.
Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
In-depth analysis of the market segmentation helps to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global poultry feed industry.
Market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of market players.
The report includes analyses of the regional as well as the global market, key players, market segments, application areas, and growth strategies.
Key Market Segments
By Nature
Conventional
Organic
By Feed Type
Complete Feed
Concentrates
Premix
By DISTRIBUTION CHANNEL
Offline
Online
By Region
North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Indonesia
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
UAE
South Africa
Rest of LAMEA
Key Market Players
Anko Food Machine Co. Ltd.
Berkshire Hathaway Inc.
Bucher Industries
John Bean Technologies Corporation (JBT)
Hosokawa Micron Corp.
GEA Group
Mallet & Company, Inc.
NICHIMO CO., LTD.
SPX Corporation
Tetra Laval International S.A.
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