Poultry Feed Market by Type (Complete Feed, Concentrates, Premix), by Additives (Vitamins, Antibodies, Antioxidants, Amino Acids, Feed Acidifiers, Feed Enzymes, Others), by Animal Type (Turkeys, Broilers, Layers, Others), by Ingredient Type (Oilseed Meal, Cereal, Molasses, Fish Oil & Meal, Supplements, Others) - Growth, Future Prospects, and Competitive Analysis, 2019 - 2027

Key Market Insights

“Increasing demand for meat products supports the growth of the market”

The global poultry feed market size was valued at USD 160 billion in 2018, growing at a CAGR of 4.3% over the forecast period. The poultry sector is one of the fastest growing sector owing to the increase in poultry meat consumption. Increasing the productivity of poultry is grave to feeding the rising global population. However, rising feed prices are substitute as a restraint to the poultry feed market. Global poultry meat production is growing, with two-thirds of the increase in the Asia-Pacific region. The United States consumption of poultry meat is also increasing because it is considered as a convenient product and easily available in the market Poultries that are completely raised need a decent exhibit of supplements in their eating routine for greatest development and great wellbeing. The various kinds of supplements essential for poultry wellbeing are amino acids, rough protein, unsaturated fats, nutrients, and minerals. The measure of sustenance required by feathered creatures fluctuates as indicated by species, age, and the motivation behind raising, for example either for meat or eggs. Modernly, the definition of poultry feed incorporates segments that are managed by administrative bodies over the world. Corn is commonly utilized in poultry feed as a vitality hotspot for poultries.

The worldwide poultry feed showcase is anticipated to develop with a critical development pace of 4.61% from 2019 to 2024 and arrive at a market estimation of USD 8.7 billion before the finish of 2024. Overall creation of poultry meat and eggs has expanded reliably throughout the years, and this pattern is required to proceed, along these lines driving the development of worldwide poultry feed advertise. In addition, the developing number of outrages identified with poultry creation is prompting expanding worry for sanitation and clean marks are legitimately affecting the deals of poultry feed over the globe.

Market Synopsis

Additives Analysis

“Increasing Demand for Poultry Meat Products supports the growth of the market”

Amino acid portion rose as the biggest section in terms of income in the year 2018 and is assessed to observe astounding development rate over the coming years. Amino corrosive is considered as one of the most significant wellsprings of protein and, accordingly, exceptionally required in poultry sustenance. Because of high protein content, amino corrosive lessens the consideration level of soybean feast in monogastric creature's diet. Ethoxyquin is one of the significantly utilized manufactured cancer prevention agents. It is additionally one of the monetary cancer prevention agents and has high additive abilities attributable to which it is utilized in canned pet nourishments. Be that as it may, the interest for such cancer prevention agent has diminished in the ongoing past inferable from negative purchaser observations and symptoms with respect to engineered cell reinforcements.

Regional Analysis

“Asia Pacific is projected to grow at a considerable rate during the forecast period”

Asia Pacific accounts for largest region for poultry feed market in the year 2018. With rising population the demand for food also increases, to fulfill the hunger needs of the population. Government in the Asia Pacific region is implementing some or the other initiatives to meet the rising demand for meet based products. Thereby, increases the demand for the market. According to FAO, yearly meat consumption in China and forecasted to rise from about 50 kg per capita today to approximately 70 kg per capita by the year 2030. Moreover, rapid urbanization and rise in disposable income in the region are expected to be the major drivers of the poultry feed market.

List of Companies Covered:

• Alltech Inc.
• Novus International Inc.
• BASF
• Kent Nutrition Group, Inc.
• Evonik Industries
• Royal DSM N.V.
• Cargill Inc.
• Tyson Foods, Inc.
• ADM Animal Nutrition
• Hi-Pro Feeds. Inc.
• J.D Heiskell & Co.

Key Industry Developments:

• In April 2019, the government of India has permitted import of 100,000 tonnes of feed-grade maize. The poultry industry, that use maize as feed is worried over the steep spurt in maize prices. The minimum support price of ₹1,700 a quintal of maize rates increased for about 30%, hurting the economics of the poultry industry.

Historical & Forecast Period

This study report represents analysis for each segment from 2017 to 2027 considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.

Market Segmentation

The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints and opportunities that give a better market understanding of the overall poultry feed market. Additionally, the global report also comprises graphical representation of competitive landscape based on their market initiatives and strategies, product portfolio and business strengths.

Key questions answered in this report

• What are the current market trends and dynamics in the poultry feed market and valuable opportunities for emerging players?
• What is driving poultry feed market?
• What are the key challenges to market growth?
• Which segment accounts for the fastest CAGR during the forecast period?
• Which product type segment holds a larger market share and why?
• Are low and middle-income economies investing in the poultry feed market?
• What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?