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The global poultry feed market reached a value of US$ 192.84 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 248.4 Billion by 2027, exhibiting a CAGR of 4.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Poultry feed refers to the food for poultry, including chickens, ducks, geese, and other domestic birds. It has grains like wheat, barley and sorghum, and protein meals, such as soybean, canola and animal protein. As it can also be supplemented with food obtained through foraging, it provides poultry with the energy required for the development of bone, flesh, feathers, and eggs. At present, there is a rise in the consumption of eggs and meat worldwide, which is positively influencing the requirement for poultry feed.
The increasing poultry production across the globe represents one of the key factors bolstering the growth of the market. Moreover, poultry meat consumption enhances the overall quality of the human diet as per different ages, conditions and requirements. It is also suitable for individuals with an increased need for calories and protein. Besides this, the consumption of a balanced diet comprising poultry meat and vegetables help reduce cardiovascular diseases (CVDs) and type 2 diabetes mellitus. Apart from this, there is currently a considerable increase in the demand for chicken meat as it is affordable, readily available, and low in fat. This, coupled with the rising utilization of automatic feeders and drinkers to improve feeding in poultry farming, is driving the market. Furthermore, modern poultry feed is produced by carefully selecting and blending ingredients to provide highly nutritional diet that assists in maintaining the health of the animals and improving the quality of poultry products, such as meat, milk, or eggs. In addition, agricultural scientists are focusing on research, experimentation, and chemical analysis to introduce improvements in existing animal diets. This, along with the increasing global population, is facilitating the growth of the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global poultry feed market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on nature, form, additives, animal type and distribution channel.
Breakup by Nature:
Breakup by Form:
Breakup by Additives:
Breakup by Animal Type:
Breakup by Distribution Channel:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AFGRI Animal Feeds, Alltech, Archer-Daniels-Midland Company, BASF SE, Cargill Inc., Charoen Pokphand Foods Public Company Limited, Chr. Hansen Holdings A/S, De Heus Animal Nutrition, ForFarmers N.V., Kent Nutrition Group (Kent Corporation), Koninklijke DSM N.V. and Novus International Inc. (Mitsui & Co. (U.S.A.) Inc.).
|Base Year of the Analysis||2021|
|Segment Coverage||Nature, Form, Additives, Animal Type, Distribution Channel, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||AFGRI Animal Feeds, Alltech, Archer-Daniels-Midland Company, BASF SE, Cargill Inc., Charoen Pokphand Foods Public Company Limited, Chr. Hansen Holdings A/S, De Heus Animal Nutrition, ForFarmers N.V., Kent Nutrition Group (Kent Corporation), Koninklijke DSM N.V. and Novus International Inc. (Mitsui & Co. (U.S.A.) Inc.).|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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