The global poultry feed market was valued at $110.8 billion in 2020 and is projected to reach $217.7 billion by 2031, growing at a CAGR of 6.3% from 2022 to 2031.
The conventional segment was the highest revenue contributor to the market, with $94.2 billion in 2020, and is estimated to reach $180.9 million by 2031, with a CAGR of 6.0%.
Poultry feed is fed to poultry birds such as ducks, turkeys, chicken, geese, and other domestic birds. Poultry birds require a certain amount of carbohydrates and proteins, as well as nutritional minerals, vitamins, and an adequate supply of fresh and clean water. Large flocks of poultry birds are currently in farms as a result of the commercialization of poultry. Enormous amount of nutritionally balanced poultry feed is necessary to meet the nutritional demand. This balanced feed is made primarily of grains and protein supplements such as soybean meal and maize, as well as added minerals and vitamins.
The nutrition or feed requirement of poultry birds is determined by a variety of characteristics such as age, weight, egg production rate, growth rate, and climatic conditions, which has increased the demand for a wide range of feed formulations. As a low-cost ingredient, local ingredients such as barley and maze can be combined. Poultry feed comes in three varieties-crumbles, pellets, and mash. Crumbles are an excellent sort of feed since they are high in protein. Although mash is often used for young birds, it can be combined with warm water to create a thick oatmeal-like treat for chickens. However, it must be given immediately because it molds if not consumed within a short period of time.
The increase in animal protein consumption is likely to be a major driving factor in the global poultry feed market during the forecast period. Furthermore, rise in demand for fast food and processed foods, as well as an increase in poultry exports from Asia-Pacific, are likely to drive the market expansion. The increase in chicken consumption in North America as a result of rising beef costs is predicted to contribute significantly to the expansion of the poultry feed market. Furthermore, government laws governing the use of feed additives to improve the quality of poultry feed in nations such as China, India, and Brazil are likely to support industry growth. Furthermore, the absence of any religious overtones on poultry meat that are linked with beef and pork accelerates the process. However, increase in incidence of poultry diseases, such as bird flu, is expected to restrict the market growth.
The poultry feed market is segmented on the basis of nature, feed type, distribution channel, and region. On the basis of feed type, the market is classified into complete feed, concentrates, and premix. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players analyzed in the poultry feed market include Cargill Inc., Cargill Inc., Land O’Lakes, Inc., Tyson Foods, Inc., Alltech, ADM Animal Nutrition, Perdue Farms Inc., J.D. Heiskell & Co., Kent Nutrition Group, Inc., Hi-Pro Feeds, Inc., and Southern States Cooperative.
The conventional segment was the highest revenue contributor to the market, with $94.2 billion in 2020, and is estimated to reach $180.9 million by 2031, with a CAGR of 6.0%.
Poultry feed is fed to poultry birds such as ducks, turkeys, chicken, geese, and other domestic birds. Poultry birds require a certain amount of carbohydrates and proteins, as well as nutritional minerals, vitamins, and an adequate supply of fresh and clean water. Large flocks of poultry birds are currently in farms as a result of the commercialization of poultry. Enormous amount of nutritionally balanced poultry feed is necessary to meet the nutritional demand. This balanced feed is made primarily of grains and protein supplements such as soybean meal and maize, as well as added minerals and vitamins.
The nutrition or feed requirement of poultry birds is determined by a variety of characteristics such as age, weight, egg production rate, growth rate, and climatic conditions, which has increased the demand for a wide range of feed formulations. As a low-cost ingredient, local ingredients such as barley and maze can be combined. Poultry feed comes in three varieties-crumbles, pellets, and mash. Crumbles are an excellent sort of feed since they are high in protein. Although mash is often used for young birds, it can be combined with warm water to create a thick oatmeal-like treat for chickens. However, it must be given immediately because it molds if not consumed within a short period of time.
The increase in animal protein consumption is likely to be a major driving factor in the global poultry feed market during the forecast period. Furthermore, rise in demand for fast food and processed foods, as well as an increase in poultry exports from Asia-Pacific, are likely to drive the market expansion. The increase in chicken consumption in North America as a result of rising beef costs is predicted to contribute significantly to the expansion of the poultry feed market. Furthermore, government laws governing the use of feed additives to improve the quality of poultry feed in nations such as China, India, and Brazil are likely to support industry growth. Furthermore, the absence of any religious overtones on poultry meat that are linked with beef and pork accelerates the process. However, increase in incidence of poultry diseases, such as bird flu, is expected to restrict the market growth.
The poultry feed market is segmented on the basis of nature, feed type, distribution channel, and region. On the basis of feed type, the market is classified into complete feed, concentrates, and premix. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players analyzed in the poultry feed market include Cargill Inc., Cargill Inc., Land O’Lakes, Inc., Tyson Foods, Inc., Alltech, ADM Animal Nutrition, Perdue Farms Inc., J.D. Heiskell & Co., Kent Nutrition Group, Inc., Hi-Pro Feeds, Inc., and Southern States Cooperative.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global poultry feed market from 2019 to 2023 to identify the prevailing market opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the market segmentation helps to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global poultry feed industry.
- Market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of market players.
- The report includes analyses of the regional as well as the global market, key players, market segments, application areas, and growth strategies.
Key Market Segments
By Nature
- Conventional
- Organic
By Feed Type
- Complete Feed
- Concentrates
- Premix
By DISTRIBUTION CHANNEL
- Offline
- Online
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- Indonesia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- South Africa
- Rest of LAMEA
Key Market Players
- Anko Food Machine Co. Ltd.
- Berkshire Hathaway Inc.
- Bucher Industries
- John Bean Technologies Corporation (JBT)
- Hosokawa Micron Corp.
- GEA Group
- Mallet & Company, Inc.
- NICHIMO CO., LTD.
- SPX Corporation
- Tetra Laval International S.A.
Please note:
- Online Access price format is valid for 60 days access. Printing is not enabled.
- PDF Single and Enterprise price formats enable printing.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: POULTRY FEED MARKET, BY NATURE
CHAPTER 5: POULTRY FEED MARKET, BY FEED TYPE
CHAPTER 6: POULTRY FEED MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 7: POULTRY FEED MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Poultry Feed Market By Nature, By Feed Type, By Distribution Channel: Global Opportunity Analysis And Industry Forecast, 2020-2031' The poultry feed market size was valued at $110,801.00 million in 2020, and is estimated to reach $217,717.80 million by 2031, growing at a CAGR of 6.3% from 2022 to 2031.According to the United Nations Food and Agriculture Organization (FAO), food consumption is predicted to increase by 60% between 2010 and 2050, while animal protein demand is expected to increase by 1.7% per year. Thus, this factor is expected to contribute toward the growth of the poultry feed market during the poultry feed market forecast.
In Western and Eastern Africa, investments in poultry feed mills, poultry houses (for both broiler and egg production), and slaughterhouses are on an increase. Locals, international agribusiness firms with existing operations in Africa, international agribusiness firms seeking new prospects, or African governments (such as Morocco or South Africa) investing in adjacent countries make investments in Africa. For example, Sedima, a Western African French-speaking powerhouse, was founded in 1976 with only 120 chicks. Sedima has seen a variety of renovations and investments over the years. Currently, the company possesses a slaughterhouse equipped with stork equipment and capable of producing 4,000 to 6,000 chicks per hour. Furthermore, it collaborates with KFC to supply its broiler meat. As a result, investment in poultry infrastructure across the African continent is predicted to boost the growth of the poultry feed market.
Furthermore, the rise in animal protein consumption is projected to continue to be a major driving factor in the global poultry feed market during the forecast period. Furthermore, an increase in demand for fast food and processed foods, as well as an increase in poultry exports from Asia-Pacific, are likely to support market expansion. Furthermore, an increase in poultry consumption in North America as a result of higher beef costs is predicted to contribute toward the market growth. Government rules that make it easier to employ feed additives to improve the quality of poultry feed in countries such as China, India, and Brazil are likely to contribute to global poultry feed market growth. Furthermore, the absence of any religious implications on poultry meat that are linked with beef and pork drives market expansion. However, an increase in the prevalence of poultry diseases such as avian flu is projected to limit the market growth.
The global poultry feed market analysis is segmented based on nature, feed type, distribution channel, and region. Depending on feed type, the market is classified into complete feed, concentrates, and premix. Complete feed is a mixture of various concentrate feed ingredients in suitable proportion. Commonly used ingredients in poultry feed include grains, barley, maize, minerals and vitamins among others. This nutritional feed consists of grains, and protein supplement such as soybean meal, maize, along with added minerals and vitamins. The nutrition or feed requirement of poultry birds depend on various factors such as age, weight, rate of egg production, growth rate, and climatic condition among others. Thus, the above factors have resulted into wide variety of feed formulations. The cost of complete feed is also low mainly due to low cost of ingredient and higher production that is expected to escalate the market growth.
According to the FAO, annual meat consumption in China alone is expected to rise from 50 kilograms per capita today to 70 kg per capita by 2030. Furthermore, surge in urbanization and increase in disposable income in the region are likely to be the primary market drivers. Furthermore, an increase in government attempts to expand meat production to meet rise in food demand is likely to drive market expansion.
Key findings of the Study
- Based on nature, the organic segment is expected to grow at a CAGR of 7.5% from 2022 to 2031.
- Based on feed type, the complete feed segment was the highest contributor to the global poultry feed market in 2021, and is projected to grow at a CAGR of 5.9%.
- According to Poultry Feed Market Trends Analysis, the concentrates segment is expected to grow at a CAGR of 8.7% from 2022 to 2031.
- According to the Poultry Feed Market Opportunities Analysis, the premix segment is estimated to register a CAGR of 8.0% from 2022 to 2031.
- Asia-Pacific held the largest market poultry feed market share in 2020, and is expected to grow at a CAGR of 7.4% from 2022 to 2031.
Companies Mentioned
- Anko Food Machine Co. Ltd.
- Berkshire Hathaway Inc.
- Bucher Industries
- John Bean Technologies Corporation (JBT)
- Hosokawa Micron Corp.
- GEA Group
- Mallet & Company, Inc.
- NICHIMO CO., LTD.
- SPX Corporation
- Tetra Laval International S.A.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 239 |
| Published | March 2022 |
| Forecast Period | 2020 - 2031 |
| Estimated Market Value ( USD | $ 110.8 billion |
| Forecasted Market Value ( USD | $ 217.7 billion |
| Compound Annual Growth Rate | 6.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
