North America Poultry Feed Market was worth USD 4.97 billion in 2021 and estimated to be growing at a CAGR of 6.10%, to reach USD 8 billion by 2026. In this region, there has always been a huge demand for the poultry products, triggering the demand of poultry feed. Poultry Feed is the food given to the farm animals mainly, chickens, turkeys, or any other animals which give meat. The objective of poultry feed is to make the farm animals healthier so that they can provide better meat or other products, like eggs.
For poultry feed to be healthy, it should contain lots of protein and carbohydrates, along with a sufficient amount of vitamins, minerals, and an adequate amount of water. With the increase in demand of meat and eggs due to increasing urbanization and increasing population, market has also grown a lot. Hence, the research to make better poultry feed has increased and there have been many developments since the early 2000s. With North America having the largest market for the poultry feed among all the regions and also having a decent CAGR of 5.51%, instead of such large market share, this region will remain a world leader in this market till 2025.
North America Poultry Feed Market Drivers:
With this region already having such high per capita income and more urbanization happening, mainly drivers moving to big cities, there is already a huge demand for animal protein, especially meat and eggs, hence demand of poultry feed and additives is high. In addition, people’s fondness of eating outside at fancy restaurants in North America is also driving this market. There has also been an increase in poultry-related diseases in the recent past, so it is the factor that is concerning people and taking away from poultry products that affect the poultry feed market.
Feed acidifiers attribute to the largest share among all other poultry additive segments, globally.
On the basis of geography, the North American market is segmented into
US have the bigger share among these two segmentations with a global ranking of 2nd for poultry product consumption with an average of 201 pounds per annum per person after Australia. With such big demand for poultry product consumption comes an even bigger demand for Poultry Feed.
Some of the major companies dominating the market in this region, by their products and services include Tyson Foods (U.S.), ADM (Archer Daniels Midland Company) (U.S) and Novus International Inc (U.S).
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