ID: MRFR/AGR/0782-HCR | February 2021 | Region: Global | 115 pages
Poultries that are intensively reared need a balanced array of nutrients in their diet for maximum growth and good health. The different types of nutrients necessary for poultry health are amino acids, crude protein, fatty acids, vitamins, and minerals. The amount of nutrition required by birds varies according to species, age, and the purpose of raising, i.e. either for meat or eggs. Industrially, the formulation of poultry feed includes components that are regulated by regulatory bodies across the world. Corn is generally used in poultry feed as an energy source for poultries. The global poultry feed market is projected to grow with a significant growth rate of 4.61% from 2019 to 2024 and reach a market value of USD 8.7 billion by the end of 2024. Worldwide production of poultry meat and eggs has increased consistently over the years, and this trend is expected to continue, thereby driving the growth of global poultry feed market. Moreover, the growing number of scandals related to poultry production is leading to increasing concern for food safety and clean labels are directly influencing the sales of poultry feed across the globe.
The global poultry feed market has been segmented based on poultry type, form, and region. The global poultry feed market has been classified, based on poultry type, into broilers, layers, turkey, and others. The global poultry feed market has been segmented, based on form, into mash, pellets, crumbles, and others. The global poultry feed market has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North American poultry feed market has further been segmented into the US, Canada, and Mexico. The European poultry feed market has been classified into the UK, Germany, France, Italy, Spain, and the rest of Europe. The poultry feed market in Asia-Pacific has been divided into China, India, Japan, Australia & New Zealand, and the rest of Asia-Pacific. The poultry feed market in the rest of the world has been segmented into South America, the Middle East, and Africa.
Charoen Pokphand Foods PCL (Thailand), Cargill Inc. (US), Alltech Inc. (US), Archer Daniels Midland (US), De Heus B.V. (Netherlands), Land O’ Lakes Inc. (US), ForFarmers N.V. (Netherlands), Nutreco N.V. (Netherlands), NEOVIA Group (France), and BASF SE (Germany) are some of the key players in the global poultry feed market.
Regional Market Summary
Globally, the poultry feed market in Asia-Pacific is anticipated to be the dominating market with a market share of 42.07% in 2018, owing to the rising meat consuming population and increasing concern for animal health. In developing countries, such as China and India, there is high adoption of domestic animals as a source of income, meat and dairy products and cattle owners are inclined on feeding quality products to animals for better productivity. Extensive distribution of animal feed and high awareness among cattle owners about nutritional benefits has been the key driver driving the poultry feed market in this region.
Global Poultry Feed Market, by Type
Frequently Asked Questions (FAQ) :
Poultry feed market would be valued as USD 8.7 billion by 2024.
Poultry feed market CAGR would be 4.61% during the forecast period.
The Asia Pacific would lead global poultry feed market ahead.
High level of meat consumption is leading the Asia Pacific poultry feed market.
Poultry feed market players are Cargill Inc. (US), Archer Daniels Midland (US), Alltech Inc. (US), Land O’ Lakes Inc. (US), Charoen Pokphand Foods PCL (Thailand), (Netherlands), De Heus B.V. (Netherlands), ForFarmers N.V. NEOVIA Group (France), Nutreco N.V. (Netherlands), and BASF SE (Germany).