Market Research Report
Global Poultry Feed Market - Growth, Trends, and Forecast (2019 - 2024)
|Published by||Mordor Intelligence LLP||Product code||319440|
|Published||Content info||126 Pages
Delivery time: 2-3 business days
|Global Poultry Feed Market - Growth, Trends, and Forecast (2019 - 2024)|
|Published: May 1, 2019||Content info: 126 Pages||
The global poultry feed market was valued at USD 3.28 billion which is projected to grow with a CAGR of 4.1% during the forecast period (2019-2024). The increasing demand for poultry meat products is the major factor which is driving the market. The increasing industrial livestock production and the increasing demand for organic feed are two other factors augmenting the growth of the market studied.
The report contains an analysis of the various parameters of the global poultry feed market. The study includes the various kinds of feed provided to poultry birds, such as layers, broilers, ducks, and turkey. The market studied has been segmented by country. The study involves the analysis of poultry feed and its market demand. The report presents a wide-range analysis of the share, size, and trends of the global poultry feed market. The market operates in the B2C model and market sizing has been carried out at the consumer level.
Increasing demand for poultry meat products is driving the market
The poultry sector is one of the fastest growing meat sector owing to the increase in poultry meat consumption. Increasing the productivity of poultry is critical to feeding the growing global population. However, high feed prices are acting as a restraint to the poultry feed market. Global poultry meat production is growing, with two-thirds of the increase originating in the Asia-Pacific region itself. The United States consumption of poultry meat is also increasing because it is considered as a convenient product and easily available in the market.
Asia Pacific dominates the market
The demand for poultry feed continues to be high in emerging economies of Asia-Pacific. Countries like China and India have an increasing preference for broiler meat. This leads to the increasing use of quality feed for the increasing poultry population. Also, the global poultry meat production is growing, with two-thirds of the increase originating in the Asia-Pacific region itself.
The global poultry feed market is fairly fragmented, with the presence of various participants across several regions. The market studied displays unique characteristics, such as very few large manufacturing companies on the one hand, and on the other hand, a highly unorganized market with several regional players with small market shares. The leading companies are focused on acquiring feed mills and small manufacturing facilities for the expansion of their businesses, in both domestic and international markets.