Global Poultry Feed Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The poultry feed market is expected to grow significantly with a market size of $147.82 billion in 2024, and is projected to grow to $249.39 billion by 2032. The growth rate is very high and the compound annual growth rate (CAGR) is 6.87% during the forecast period. The main reason for the growth is the increasing demand for poultry and poultry products, which is mainly driven by the increasing population and the change in eating habits. The development of new formulas and nutrition technology can also improve the efficiency of nutrient use and animal health, which is also expected to drive market growth. The major players in the poultry feed industry, such as Cargill, Archer Daniels Midland, and Nutreco, are investing in research and development to provide new products. The strategic alliances and collaborations are expected to be conducive to the development of the poultry feed industry. The development of organic feed and the integration of alternative proteins are in line with the trend of consumers' health and environmentalism. The poultry feed market will continue to grow, driven by demand and innovation.

Regional Market Size

Regional Deep Dive

The poultry feed market is growing in various regions of the world. The main reasons for this growth are the growing poultry industry, the rising demand for high-quality meat, and the technological developments in the formulation of feed. Each region has its own peculiarities, depending on the local agricultural conditions, the regulatory framework and the economic situation. North America, for example, is characterized by high innovation activity and investment in sustainable feed solutions. The Asia-Pacific region, on the other hand, is experiencing rapid growth, which is largely due to population growth and urbanization. In general, the market is evolving, as market players adapt to changing consumer preferences and regulatory frameworks.

Europe

• In Europe, the implementation of the European Green Deal has led to a shift in the use of poultry farming towards more sustainable practices. The demand for organic and non-GMO feeds has increased, and companies such as ForFarmers have had to adapt their strategy accordingly.
• The European Union's stringent regulations on feed safety and quality are prompting manufacturers to invest in advanced technologies for feed production, ensuring compliance and enhancing product traceability.

Asia Pacific

• In the Asia-Pacific region, China and India are booming in the consumption of poultry, and the demand for high-quality feed is also increasing. At the same time, local companies such as New Hope Liuhe are also expanding their production capacity to meet the needs of the market.
• Innovations in feed formulation, including the use of probiotics and enzymes, are gaining traction in the region, driven by a growing awareness of animal health and productivity among poultry farmers.

Latin America

• Latin America is seeing a growing trend towards the use of locally sourced ingredients in poultry feed, driven by economic factors and a desire to reduce dependency on imports, with companies like BRF S.A. leading the charge in sustainable sourcing.
• The region's poultry feed market is also influenced by the increasing adoption of technology in agriculture, with precision feeding and data analytics becoming more prevalent among poultry producers to optimize feed efficiency.

North America

• The North American poultry feed market is increasingly focusing on sustainable production. Companies like Cargill and Tyson Foods are investing in alternative feeds and sustainable feed additives to meet the growing demand for sustainable products.
• Recent regulatory changes, such as the FDA's guidelines on the use of antibiotics in animal feed, are pushing producers to innovate and develop antibiotic-free feed solutions, which is reshaping product offerings in the market.

Middle East And Africa

• In the Middle East and Africa, the poultry feed market is characterized by rising investments in the poultry farming industry, with governments in countries such as Saudi Arabia and South Africa promoting local production.
• The region is also experiencing a shift towards more nutritionally balanced feed formulations, as local producers seek to improve the efficiency of poultry production in response to increasing food security concerns.

Did You Know?

“Did you know that poultry is the most widely consumed meat globally, accounting for over 40% of total meat consumption, which significantly drives the demand for poultry feed?” — FAO (Food and Agriculture Organization of the United Nations)

Segmental Market Size

The poultry feed market is currently experiencing a steady growth, driven by the growing global meat consumption and the rising demand for a high-quality diet rich in protein. There is also an increasing awareness of animal nutrition and health, supported by regulations and the development of sustainable farming. Also, the advancements in the formulation and production of feeds have increased the efficiency and quality of the feeds, which have also contributed to the growth of the market. In the poultry feed market, the adoption of new solutions is currently at a scaled-up stage, with Cargill and Archer Daniels Midland leading in some regions, such as North America and Europe. The main applications are broiler, layer and turkey feed, and the most important examples are the use of specialized amino acids to optimize broiler growth. The macro-developments of sustainable development and the impact of epidemics on food chains are driving the development of more efficient and environmentally friendly feed solutions. The development of the poultry feed market is mainly influenced by precision nutrition and feed additives, which help the poultry industry meet both the requirements of consumers and regulations.

Future Outlook

The Poultry Feed Market is set to grow at a CAGR of 6.81% between 2024 and 2032. The market is driven by increasing poultry consumption, driven by population growth and changing dietary habits towards high-protein foods. As the urban population grows, the demand for poultry products will also rise, which will also increase the demand for poultry feed. By 2032, the share of advanced feed formulations, including organic and specialty feeds, is expected to reach approximately 30% of the market, driven by the increasing demand for sustainable and nutritionally enhanced poultry products. In addition, the advancement of technology and the introduction of new regulations will play a key role in shaping the future of the poultry feed market. Probiotics and feed additives, such as enzymes and prebiotics, will increase the feed efficiency and improve the health of animals, thereby reducing production costs and reducing the environment's burden. Regulations that support sustainable agriculture will also promote the adoption of feed solutions that are less harmful to the environment. The emergence of new trends, such as the integration of digital technology into feed management and the rise of alternative sources of animal protein, will also further shape the future of the poultry feed market. As these changes take place, the poultry feed market will evolve, providing new opportunities for growth and innovation in the future.