Poultry Feed Industry Development Strategy, And Growth Opportunities 2023 To 2032
Global Poultry Feed size is expected to be worth around USD 363.1 Bn by 2032 from USD 247.7 Bn in 2022, growing at a CAGR of 4.0% during the forecast period from 2023 to 2032.
Overview of Poultry Feed:
Poultry feed is an integral component of poultry farming, playing an essential role in their growth and health. It encompasses various nutritional formulations designed to meet the dietary requirements of various poultry species at various lifecycle stages, providing essential proteins, carbohydrates, fats, vitamins, and minerals necessary to maximize the growth, egg production, and overall well-being of birds. Demand for poultry products globally drives demand for poultry feed industry products as an affordable and nutritious source of animal protein.
Key Market Segments
By Type Analysis
- Complete feed
- Concentrates
- Premixes
By Ingredient Analysis
- Corn
- Soybean meal
- Wheat
- Oats
By Form Analysis
- Mash
- Pellets
- Crumbles
Driving Factors for Poultry Feed Production:
Demand for poultry feed is driven primarily by global population growth and increasing per capita consumption of poultry products, particularly meat, and eggs from poultry species that serve as affordable sources of high-quality protein – essential components of diets across many regions – coupled with rising consumer awareness regarding their nutritional benefits; technological innovations aimed at increasing feed efficiency and animal health are also propelling industry advancements forward.
Top Key Players in Poultry Feed Market
- Alltech, Inc.
- Archer Daniels Midland Company
- Cargill, Incorporated
- Charoen Pokphand Foods Public Company Limited
- Hansen Holdings A/S
- Evonik Industries AG
- Novus International Inc.
- Nutreco N.V.
- Balance Agri-Nutrients Ltd.
- Suguna Foods Private Limited