Home / Press Release / Global Poultry Feed Market Expected to Grow At a CAGR of 4.3% during the Forecast Period

Global Poultry Feed Market Expected to Grow At a CAGR of 4.3% during the Forecast Period

The latest market report published by Credence Research, Inc. “Poultry Feed Market: Growth, Future Prospects, and Competitive Analysis, 2019 - 2027” the Poultry Feed market was valued at US$ 160.0 Bn in 2018 and expected to grow at a CAGR of 4.3% during the forecast period from 2019 to 2027.

Market Insights

“Application of insect larvae as a source of poultry feed drives the market growth”

The poultry sector is crucial in the agricultural growth and is particularly important as a source of protein and nutrition in household’s intake. For instance, the consumption data of egg in Bangladesh expected to be around 5,800 million by the year 2020. Thereby, increasing demand for poultry feed market over the forecast period. Moreover, the demand of wheat as poultry feed is about 8% of total domestic production, in addition, the demand if maize as poultry feed is 6 times as compared to its domestic production. The aforesaid factors are the key reasons for the growth of the market over the forecast period.

In September 2018, The United States Food and Drug Administration (FDA) projected that AFFCO (Association of American Feed Control Officials) allowed the application of protein meal produced from insect larvae and completely dried insects in poultry feed. AFFCO and the FDA have been working in the poultry feed regulation space, especially in setting definitions that describe new ingredients in poultry feed. FDA suggests that the production of insect as feed can provide a sustainable source of proteins to poultry feed. Thereby, drives the growth of the poultry feed market globally.

 

Top manufacturers of Linseed oil are focusing to increase their product portfolio by launching new products in the market.

Industrial Developments

Key Market Movements:

List of Companies Covered:

Browse the full report at https://www.credenceresearch.com/report/poultry-feed-market

The Global Poultry Feed Market is Segmented into:

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion
Segmentation

 By Type (2017–2027; US$ Bn)

 By Additives (2017–2027; US$ Bn)

 By Animal Type (2017–2027; US$ Bn)

 By Ingredients Type (2017–2027; US$ Bn)

 By Geography (2017–2027; US$ Bn)

*Complete segmentation list is on report page

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