Poultry Feed Market

Poultry Feed Market Size & Growth (2022 - 2027):

The Poultry Feed Market was worth USD 7.90 billion in 2021 and is estimated to be growing at a CAGR of 6.10%, to reach USD 10.54 billion by 2026.

Globally, there has been an increase in the Poultry Feed Market and this market is showing great potential in the forecast period. 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 for meat and eggs, the 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. Critical relocation of feed demand from west to east in the 2000s is leading to increased outputs of formulated compound feeds.

Market Drivers:

With the increase in spending capabilities of people due to increased incomes of people, more urbanization, mainly drivers moving to big cities, and increasing population, there has been a huge increase in demand of the animal protein, especially meat and eggs, hence triggering the increase in demand of poultry feed and additives. In addition, people’s increasing fondness for eating outside at fancy restaurants 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.

POULTRY FEED MARKET REPORT COVERAGE:

Market Segmentation:

Poultry Feed Market – By Poultry Production:

• Broilers

• Turkeys    
• Layers, and others

Poultry Feed Market – By Feed additives:

• Amino acids
• Feed enzymes
• Antioxidants
• Vitamins
• Antibiotics
• Feed acidifiers

Feed acidifiers attribute to the largest share among all other poultry additive segments, globally.

Poultry Feed Market – By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East & Africa

With the shift in demand for poultry products from west to east, the Asia-Pacific region is the fastest-growing region among all the other regions mentioned while North America is having the largest share of the market.

Key Players:

Some of the major companies dominating the market, by their products and services include JBS S.A. (Brazil), Tyson Foods (U.S.), BRF (Brazil), CP Group (Thailand), Wen’s Food Group (China), Royal DSM N.V. (The Netherlands), Charoen Popkhand Foods (Thailand) and ADM (Archer Daniels Midland Company) (U.S).