A recent report published by Infinium Global Research on the poultry feed market provides an in-depth analysis of segments and sub-segments in the global as well as regional poultry feed market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional poultry feed market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global poultry feed market. According to the report, the global poultry feed market is projected to reach USD 262 billion by 2027 from USD 199 billion in 2021, growing at a CAGR of 5% over the forecast period of 2021-2027.
Poultry farming is done for meat, eggs, and manure for prime yields of poultry. Poultry agriculture is also distributed either as family poultry or as industrial poultry farming. Because of high nutritious feedstock with high productivity, poultry feed is an evolving sector gaining enormous importance. Meat and eggs are rich in protein and water and are 5% fat. Rising awareness of healthy nature in the youngsters has led to a high level of protein use through poultry products, which boosts the global poultry market growth. This supports the growth of the market for poultry feed. Due to high profit, the poultry feed market is powered by increased poultry business in emerging economies. The poultry sector is the fastest-growing meat sector, due to the rise in poultry meat consumption. To feed the rising global population, increasing the productivity of poultry is very important.
The rising demand for poultry meat products is a major force that is driving the market. Some major drivers boosting the poultry feed market growth are increasing demand for high-value animal protein, increased consciousness of the safety of meat products, and grown industrial production. The utilization of poultry-based products has raised at a higher rate across the globe, due to their low cost and shift in customer preference for white meat instead of red meat. Moreover, a rise in consciousness about protein intake in a regular diet is a key factor for the growth of the global poultry feed market. However, inadequate feed management, trade hindrances, unprecedented disease outbreak, and poor quality sanitation will restrain the expansion of the poultry feed market.
North America Poultry Feed Market is expected to have significant growth over the forecast period. Increased research and development activities to boost feedstock and poultry feed production are often attributed to the market growth. Asia Pacific Poultry Feed Market is projected to grow at a high rate during the forecast. The Asia Pacific market encompasses a significant market share within the Global Poultry Feed Market in terms of revenue and is ready to dominate the worldwide market. The Indian and Chinese poultry industry benefits from government incentives to support recovery and restocking. The increasing growth of the poultry industry is subsequently leading to the growth of the market in the Asian region. Poultry feed manufacturers in India and China have been focusing on enriching feeds with prebiotic and probiotic supplements, to enhance the productivity and quality of poultry products. This would essentially create an opportunity for feed manufacturers in the Asian Pacific region.
The report on the global poultry feed market covers segments such as animal, and additives. On the basis of animal, the sub-markets include layers, broilers, and turkeys. On the basis of additives, the sub-markets include antibiotics, vitamins, amino acid, feed enzymes, and feed acidifiers.
The report provides profiles of the companies in the market such as Alltech Inc., The Archer Daniels Midland Company, Cargill, Incorporated, Novus International, Inc., Associated British Foods plc, BASF SE, Chr Hansen Holding A/S, Evonik Industries AG, Charoen Pokphand Foods PCL, and Henraajh Feeds India Pvt. Ltd..
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the poultry feed market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.