Poultry Feed Market - Size, Global Demand, Trends Analysis and Report Forecast 2023-2028

How Big Is the Poultry Feed Market

The global poultry feed market size reached US$ 202.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 257.4 Billion by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.

What is Poultry Feed?

Poultry feed is formulated to meet the nutritional requirements of poultry birds, including chickens, ducks, turkeys, and other domesticated fowl. It comprises a balanced blend of grains, cereals, corn, barley, soybean, fish, vitamins, and minerals designed to meet the specific dietary needs of different birds. It is widely available as a starter, grower, layer, broiler, breeder, turkey, duck, game bird, organic, non-genetically modified organism (GMO), soy-free, and medicated feed. It can be customized to meet the specific needs of different poultry breeds and production systems. It is required to support eggshell formation and the development of healthy eggs. It plays a crucial role in supporting the growth, health, and productivity of birds, whether they are raised for meat production or egg laying. It ensures that breeder birds are in optimal condition for producing fertile eggs, which is essential for sustaining poultry production. It provides the necessary nutrients required for muscle development and body growth, ensuring that birds reach their desired size and weight. It assists in preventing nutritional deficiencies and associated health problems while reducing the need for veterinary interventions. Besides this, it is beneficial in supporting the overall reproductive health of laying hens. As it aids in boosting the immune system of birds and helping them resist diseases and infections, the demand for poultry feed is increasing across the globe.

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Poultry Feed Market Trends and Drivers:

The escalating demand for poultry products, such as meat and eggs, among the masses on account of the rising consumption of protein-rich diets represents one of the major factors influencing the market positively. Moreover, the increasing awareness about the importance of maintaining a healthy body among people is strengthening the growth of the market. Apart from this, there is a rise in the need for poultry feed to enhance bird immunity and health. This, coupled with the growing adoption of customized poultry feeds to support unique nutritional requirements of birds, is offering a positive market outlook. Additionally, the increasing utilization of poultry feed to prevent birds from various diseases is providing lucrative growth opportunities to industry investors. In line with this, advancements in feed technology and formulation allow for more precise and efficient poultry feed that improves bird performance and feed conversion ratios, which is impelling the market growth. Furthermore, the rising focus on developing sustainable and eco-friendly poultry feeds to reduce environmental impact and maintain sustainability is bolstering the growth of the market. In addition, governing agencies of numerous countries are encouraging the usage of safe and standardized poultry feed, which is propelling the market growth. Besides this, the increasing development of innovative feed additives, such as probiotics, prebiotics, and phytogenics, to maintain a balanced gut, reduce the occurrence of pathogenic bacteria in the gut, and stimulate digestive enzyme secretion is contributing to the market growth.

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What Is Included In Market Segmentation?

The report has been segmented the market into following categories:

Breakup by Nature:
• Conventional
• Organic

Breakup by Form:
• Mashed
• Pellets
• Crumbles
• Others

Breakup by Additives:
• Antibiotics
• Vitamins
• Antioxidants
• Amino Acid
• Feed Enzymes
• Feed Acidifiers
• Others

Breakup by Animal Type:
• Layers
• Broilers
• Turkey
• Others

Breakup by Distribution Channel:
• Offline
• Online

Breakup by Region:
• North America
o United States
o Canada
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa

The report provides a comprehensive analysis of the industry key players listed below:

AFGRI Animal Feeds, Alltech, Archer-Daniels-Midland Company, BASF SE, Cargill Inc., Charoen Pokphand Foods Public Company Limited, Chr. Hansen Holdings A/S, De Heus Animal Nutrition, ForFarmers N.V., Kent Nutrition Group (Kent Corporation), Koninklijke DSM N.V. and Novus International Inc. (Mitsui & Co. (U.S.A.) Inc.).

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This release was published on openPR.