IMARC Group, a leading market research company, has recently releases report titled “Poultry Feed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global poultry feed industry trends, size, share, growth, report and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market. 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.
What is Poultry Feed?
Poultry feed represents specialized formulations produced for poultry, including chicken, geese, ducks, and other domestic birds. They are prepared using cereal, barley, wheat, sorghum, grains, oats, protein meals, fats, oils, etc., and are available in multiple forms, such as mashed, pellets, crumbles, etc. Poultry feed items provide the energy required for the development of the flesh, bone, feathers, and eggs of flocks. They even help improve the quality of poultry products. As a result, poultry feed products are in extensive demand among poultry farmers across the globe.
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Poultry Feed Market Trends and Drivers:
The increasing poultry production and the rising consumption of eggs and meat across countries, on account of the elevating shift toward protein-rich diets, are among the key factors driving the poultry feed market. Additionally, the escalating requirement for chicken meat, owing to its affordability, ready availability, and lower fat content, which helps reduce cardiovascular diseases (CVDs) and type 2 diabetes mellitus, is acting as another significant growth-inducing factor. Moreover, the growing utilization of automatic feeders and drinkers to enhance feeding in poultry farming is also positively influencing the global market. Apart from this, the introduction of modern poultry feed variants that are produced by carefully selecting and blending ingredients to offer a highly nutritional diet that aids in maintaining the health of the animals and enhancing the quality of poultry products is further stimulating the market growth. Besides this, the inflating investments in research and development (R&D) activities to help agricultural scientists focus on experimentation and chemical analysis to introduce improvements in existing animal diets are expected to bolster the poultry feed market over the forecasted period.
What Is Included In Market Segmentation?
The report has been segmented the market into following categories:
Breakup by Nature:
- Conventional
- Organic
Breakup by Form:
- Mashed
- Pellets
- Crumbles
- Others
Breakup by Additives:
- Antibiotics
- Vitamins
- Antioxidants
- Amino Acid
- Feed Enzymes
- Feed Acidifiers
- Others
Breakup by Animal Type:
- Layers
- Broilers
- Turkey
- Others
Breakup by Distribution Channel:
- Offline
- Online
Breakup by Region:
- 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 report provides a comprehensive analysis of the industry key players listed below:
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.).
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2023-2028)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
