North America Poultry Feed Market - Forecasts from 2022 to 2027

North America poultry feed market is expected to grow at a compound annual growth rate of 3.56% over the forecast period to reach a market size of US$31,099.916 million in 2027, from US$24,345.530 million in 2020.



Poultry feed refers to the food supplied to farm animals such as chickens, turkeys, and other meat-producing animals. Poultry feed's goal is to make farm animals healthier so they can produce better meat or other goods like eggs. The US poultry business, according to the United States Department of Agriculture (USDA), is one of the world's top producers and exPorter's of poultry meat. In the United States, poultry meat consumption (broilers, other chicken, and turkey) is larger than beef or pork consumption, which is driving the rise of the US poultry feed business. Poultry production in North America is still thriving. The market's players concentrate on producing high-quality poultry feed products that perform better. Cargill, for example, introduced chicken feed with essential oils in October 2021 for healthy flocks and increased egg output. The business says that its new Nutrena and NatureWise solutions will improve the overall health and production of backyard hens.

Market Trend

Maize is the most common feed grain used in chicken feeds worldwide. This is because its primary energy source is starch, which is easily digested by poultry. The feed business in North America has profited from surplus maize as a result of greater mechanization and the use of genetic and agronomic approaches to boost production. Poultry is one of the most popular meats in the region, and rising poultry meat output is likely to fuel market expansion throughout the forecast period. Furthermore, increasing consumer health awareness combined with the decrease in poultry diseases is likely to propel market growth potential in the region.

According to American Feed Industry Association, the United States breeds more than 9.6 billion food-producing animals each year. These animals ensure that Americans have year-round access to a safe, inexpensive, and plentiful supply of meat, milk, egg, and aquaculture products, ensuring that they get the proper nutrients they require. Nearly 6,000 feed mills in the United States are dedicated to producing 236 million tonnes of safe, high-quality, and nutritional feed each year.

Growth Factors

The rise in demand for poultry products

The United States' recent restriction on antibiotics as animal growth promoters is likely to create new economic opportunities in the chicken feed market. This ban is expected to boost the use of compound feed to improve the quality of poultry meat and by-products. The ban has prompted animal producers to look for new strategies to boost poultry output while providing the same benefits as antibiotic growth boosters. As a result of the growing consumption and production of poultry products in the region, the need for poultry feed has increased.

The rise in poultry meat consumption

The poultry industry plays a crucial role in the United States economy. Due to a restricted supply and significant interest in domestic poultry products, the United States ranks as the world's largest producer and second-largest exporter of poultry meat, resulting in high poultry prices. Broiler chicken is the most popular poultry meat in the region, according to the US Department of Agriculture. This allows compound feed firms to boost output in response to the segment's current high demand. With rising animal protein intake, demand for feed is projected to rise, particularly for high-protein and high-energy ingredients.

Restraint

Disease Outbreaks and Unprecedented Price Hikes continue to wreak havoc on the poultry feed market.

Poultry disease outbreaks, including avian influenza, Colibacillosis, and Mycoplasmosis, pose a significant threat to the feed business. The unchecked development of these illnesses has a severe influence on chicken productivity, causing the poultry feed market to suffer. In 2016, outbreaks of poultry illness killed over 400,000 hens and turkeys in the United States. It did not stay restricted to poultry, infecting approximately 180 people who came into touch with salmonella-infected chicken.

Impact of COVID-19 Pandemic:

The COVID-19 pandemic had a negative influence on chicken feed demand in North America, as it created substantial production and raw material supply interruptions. These unfavourable circumstances caused a drop in poultry consumption, posing considerable hurdles for the region's broiler business. Reduced foodservice consumption resulted in a quick shift in chicken demand, resulting in lower poultry output. According to the US Department of Agriculture (USDA), egg output in June 2020 was 8.81 billion, down 4% from the previous year. Exports of chicken meat have been halted in the country due to the risk of developing COVID-19. The market, on the other hand, is reviving as a result of the government's increasing initiatives, such as immunization drives.

Segmentation:

By Type

• Fodder
• Forage
• Compound Feed

By Raw Material

• Soya
• Corn
• Rendered Meal

By Production Systems

• Integrated
• Commercial Mills

By Countries

• United States of America
• Canada
• Mexico