USA Poultry Feed Market - Forecasts from 2023 to 2028

The USA poultry feed market is expected to grow at a compound annual growth rate of 3.52% over the forecast period to reach a market size of US$26,532.488 million in 2028, from US$20,824.057 million in 2021.

The United States accounts for an increase in the demand for poultry products which is essential in triggering the poultry feed market demand. Farmers use poultry feed to feed poultry, including chickens, geese, ducks, turkeys, and other domestic birds. Modern feed is prepared by carefully selecting and blending components to provide a highly nutritious diet that maintains the health of poultry birds while also boosting the quality of end products like meat and eggs. In the poultry bird’s development, health as well as reproduction, there are a few imperative nutrients that are required such as minerals, vitamins, carbohydrates, proteins, and water which is provided by poultry feed.

There are a few factors such as the rising population, rising preferences for animal protein, growing health awareness regarding the consumption of protein that are driving the market growth of the American poultry feed market. According to Alltech Agri-Food Outlook 2022, the US was amongst the top ten feed-producing countries with a total feed production of 231.538 MMT. Furthermore, the prevalence of low-cost feed and expanding consumer preferences for white meat would further increase the numerous prospects for the poultry feed market to grow throughout the projection period.

The USA poultry feed market is driven by growing consumption of poultry meat.

• Over the past few years, there has been an increase in the demand for poultry meat owing to the presence of a high protein content which has emerged as a major driver of industry expansion. The broiler category on the other hand has also grown and broilers were raised solely to produce meat. Broiler farming is growing in response to the rising demand for chicken meat, which is fueled by the availability of protein-rich meat at a low cost. According to the United States Department of Agriculture, the broiler is regarded to be the most consumed poultry meat in the country. Moreover, in the United States, the sales of organic broiler chicken registered at a high rate reaching USD 750 million worth of sales in 2021. As compared to the previous years, this sale was at least 78% high. Further, the combined value of production in the United States in 2020 from broilers, turkeys, eggs and the total value of sales from chickens turned out to be of $35.5 billion.
• Additionally, one of the most critical aspects of broiler farming is proper nutrition. This certain rise allows companies involved in compound feed to move forward with their expansion in terms of production and with increased consumption of animal protein, the demand for feed will further likely increase.
• Poultry is regarded to be a common type of meat which is highly consumed by Americans and in this regard, the United States ranks to be the second largest exporter of poultry meat as a result of its high interest in domestic fowl products which results in strong poultry prices. Not only is this but the United States also regarded to be the world’s largest producer of poultry meat.

Based on type, the USA poultry feed market is expected to witness positive growth in broiler segment.

Due to the competitive production arrangements, contemporary poultry genetics, plentiful domestic feed supplies, and great consumer appeal, US poultry products maintain dominant positions in both international and domestic meat commodity markets. According to the United States Department of Agriculture, broiler chickens, which supply practically all chicken meat in the United States, accounted for 68 percent of total poultry industry sales from 2012 to 22021. Chicken eggs, which are largely meant for human consumption, accounted for 190 percent of poultry sales, while turkeys accounted for 13 percent. Furthermore, sales of organic broiler chicken in the United States reached new highs, exceeding USD 750.0 million, a 78% increase over the previous year, as per the same source. This enables compound feed firms to increase output in response to the segment's current strong demand. Increased animal protein intake is anticipated to raise feed demand, particularly for items high in protein. Due to this, the broiler segment will expand its production substantially over the years to meet the market demand.

Additionally, the production of broilers in the United States has increased significantly and is anticipated to reach a value of 46,825 million pounds at the end of 2023, as per the USDA. With the increased production, the demand is also expected to rise for the market segment in the foreseeable future.

Based on raw material, the USA poultry feed market is expected to witness positive demand for soya.

Soya has high applicability in the poultry sector as a feed product due to it being a great source of protein, minerals, and other valuable nutrients which improves the health of poultry birds, especially chickens and further boosts their egg & meat quality. The surge in demand for chicken meat owing to its high protein content is expected to provide a positive outlook to the soya-based feed. According to the United States Department of Agriculture, in 2021, the per capita chicken consumption in the country stood at 98.1 pounds showing a 0.9% increase in per capita consumption over 97.2 pounds in 2020.

The growing shift towards sustainable protein has boosted the production scale of soya in the United States. According to the United States Department of Agriculture, in 2020, soy bean production stood at 116.3 million metric tons which represented an increase of 20.6% over 96.8 million metric tons produced in 2019. The rising demand for organic feed is expected to accelerate the consumption of soya as a raw material for poultry in the future, thereby adding more to the overall market growth during the forecast period.

Market Segmentation:

By Type

• Layer
• Broiler
• Turkey
• Others

By Raw Materials

• Soya
• Corn
• Rendered Meat
• Others

By Additives

• Antibiotics
• Vitamins
• Antioxidants
• Amino Acids
• Feed Enzymes
• Feed Acidifiers

By States

• California
• Texas
• South Dakota
• Oklahoma
• Minnesota
• Georgia
• Others