PUBLISHER: IMARC | PRODUCT CODE: 1370395
PUBLISHER: IMARC | PRODUCT CODE: 1370395
The global poultry feed market size reached US$ 202.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 257.4 Billion by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.
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 report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on nature, form, additives, animal type and distribution channel.
Conventional
Organic
Mashed
Pellets
Crumbles
Others
Antibiotics
Vitamins
Antioxidants
Amino Acid
Feed Enzymes
Feed Acidifiers
Others
Layers
Broilers
Turkey
Others
Offline
Online
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
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.).