Poultry Feed is a food for farm poultry,
including ducks, chickens, geese and other domestic birds. Feed for poultry
generally consists of grain. Modern feeds are produced by specifically
selecting & blending ingredients to provide extremely nutritional diet
which maintains both the health of poultry birds and improve the quality of end
products for instance meat and eggs. The basic nutrients require for growth,
maintenance, reproduction, and health include vitamins, minerals,
carbohydrates, proteins, and water. The energy needed for growth & other
activities is derived mainly from carbohydrates and fats. In addition, protein
is a main source of energy for poultry birds, particularly if the consumption
of carbohydrates and fats is inadequate.
According to study, “World
Poultry Feed Market Research Report 2024(Covering USA, Europe, China,
Japan, SEA and India)” the key companies operating in the world poultry feed
market are C. P. Group, Land Olakes Plc., Cargill Inc, Zen-Noh Co-Operative,
Tyson Foods, Nutreco NV, Agrifilm, AB Agri, Glon Sanders, DLG Group, Frangosul,
Brazil Food, Novus International Inc., Charoen Popkhand Foods Plc. (CPF),
Alltech Inc., Royal DSM N.V., BASF (Badishce Anilin und Soda Fabrik) SE, CHR.
Hansen Holdings A/S, ForFarmers N.V., Evonik Industries AG, Archer Daniels
Midland Company (ADM), Suguna Foods, Associated British Food Plc. (ABF), DLG
Group, Perdue Farms Inc., Nutreco NV, J.D. Heiskell & Co., De Heus, Hi-Pro
Feeds, Inc., Southern States Cooperative, Veronesi, Invivo NSA, BOCM, MNF,
Zuellig, Kent Nutrition Group Plc, New Hope Group.
Based on animal type or livestock, poultry
feed market is segmented into broiler, layer, turkey and others. The broiler
segment holds major share owing to easy availability and high preference from
consumers. Based on feed type, market is segmented into concentrates, complete
feed and premix. Based on additives, market is segmented into amino acid,
vitamins, antibiotics, feed enzymes, antioxidants, fees acidifiers and others.
Based on form type, market is segmented into mash, crumbles, pellets, and
others. Based on ingredient, market is segmented into molasses, cereal, oil,
oilseed meal, supplements, fish oil & fish meal and other ingredients.
The poultry feed market is driven by rise in
consumption of poultry meat, followed by high disposable income of people,
increase in investments in poultry houses (broiler and egg production), poultry
feed mills, and slaughterhouses, growth of domestic & international quick
service restaurants in developing countries, absence of anti-nutritional
ingredients such as phytic acid, change in preference for poultry products,
widespread poultry diseases, rise in awareness for healthy protein diet and
increase in chicken meat consumption & production. However, poultry feed
prices and prevalence of poultry diseases may impact the market. Moreover,
increase in population and rise in fast food & processed food demand are
key opportunities for market.
Based on geography, USA country holds major
share in poultry feed market owing to highest consumption of broilers and
increase in research for flavored, safe & efficient poultry fees in the
country. The flavored poultry feed helps in increasing the feedstock for better
palatability and high productivity of boilers & layer. India country is
expected to witness higher growth rate due to rise in consumption of fast food
over the forecast period. The global market is anticipated to grow with a
substantial growth rate of 4.61% from 2019 to 2024 and reach a market value of
US $8.7 billion by the end of 2024.
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