Press release
Poultry Feed consumption is projected to increase steadily at 6.3% CAGR from 2023 to 2033
Poultry Feed Market
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Factors Driving Growth in the Poultry Feed Market
Various factors contribute to the growth of the poultry feed market. These include the implementation of stringent food safety regulations, evolving consumer preferences, a growing global population, increased consumption of chicken meat and eggs, a preference for organic animal feed, rising per capita disposable income, globalization, and investments in the poultry feed industry. Additionally, the adoption of modern poultry systems is expected to boost sales of automatic chicken feeders and water feeders for chickens.
Key Companies Profiled
BASF SE
ForFarmers N.V.
Anko Food Machine Co. Ltd.
Berkshire Hathaway Inc.
Bucher Industries
Tetra Laval International S.A.
SPX Corporation
John Bean Technologies Corporation
Hosokawa Micron Corporation
Associated British Foods Plc
NICHIMO CO. LTD.
Mallet & Company Inc.
GEA Group
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Key Segments of Poultry Feed Industry Research Report
By Product Type: Broiler, Layer, Others By Source: Corn, Wheat, Soybean, Blend Grains, Others
By Form: Powder, Granules/Particles, Pellets, Briquettes
By Nature: Organic, Conventional
By Sales Channel: Direct Sourcing, Indirect Sourcing
Poultry Feed Industry: Soybeans as the New Protein Powerhouse?
Key poultry feed products, such as chicken layer feed, hen feed, chicken scratch feed, broiler feed, quail feed, and chick starter feed, are expected to maintain robust demand. However, changing mandates on feed additives and consumer preferences for fish and meat may pose challenges to poultry feed consumption.
The market is segmented by source, with soybeans gaining popularity due to their rich nutrient profile, surpassing corn in protein content and amino acid profile. While corn remains a staple in chicken farms, the increased demand for high-protein poultry feed is expected to impact the dominance of corn in the coming years.
From North America to APAC: Trends and Opportunities in Poultry Feed
In 2022, North America accounted for over 30% of the global market revenue for poultry feed, with the United States being a major contributor. The Asia-Pacific region is expected to experience the highest compound annual growth rate (CAGR), driven by evolving dietary preferences and growing awareness of protein-rich diets.
The United States anticipates an increase in the consumption of chicken and eggs due to their high nutritional value. The detection of poultry diseases is also expected to contribute to an increase in the shipment of poultry feed.
Japan's reliance on imported animal feed creates profitable opportunities for worldwide poultry feed suppliers. The Japanese culture's dependence on poultry meat and eggs further amplifies the demand.
In Germany and the United Kingdom, health-conscious consumers are driving the demand for poultry products that are rich in protein. The adoption of sustainable cattle rearing and changing consumer preferences favor the demand for poultry feed in these European countries.
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Competitive Landscape:
Poultry feed enterprises are actively engaging in sustainable practices, developing innovative approaches to produce animal feed with minimal environmental impact and a reduced carbon footprint during manufacturing.
Recent News:
In November 2022, For Farmers, a prominent Dutch agricultural feed organization, unveiled plans to utilize alternative raw materials and food waste for crafting novel animal feeds. This strategic initiative aligns with the growing demand for sustainable agricultural practices, reflecting the industry's commitment to environmental responsibility.
Simultaneously, poultry feed providers are channeling investments into expanding their production capabilities to address the escalating demand from diverse global regions.
Adding to the momentum, Alturas Group of Companies, a versatile player in agricultural manufacturing, strengthened its commitment to the sector. In November 2022, the company increased its investments in agriculture by inaugurating a cutting-edge feed mill at Marcela Farms in Ubay, Bohol. This expansion underscores the industry's dedication to meeting the burgeoning demand for high-quality poultry feed while fostering sustainable and environmentally conscious practices.
The global poultry feed market presents significant growth potential, driven by evolving dietary preferences, health consciousness, and sustainability initiatives. Poultry feed suppliers should strategically target key regions to capitalize on emerging opportunities and cater to the diverse demands of the market.
Related Reports:
Feed Flavor Market Share Analysis, By Nature (Natural, Synthetic), By Form (Sweet, Savory, Others), By Flavor (Dry, Liquid), By Animal (Aquatic, Swine, Poultry, Ruminants, Others) & By Region Forecast, 2019-2029
https://www.factmr.com/report/4122/feed-flavor-market
Feed Ingredients Market Share Analysis, By Nutrient Type (Energy sources, Fat sources, Protein sources, Vitamin supplements), By Animal Type (Companion animals, Productions animals), By Source (Plant-derived, Animal-derived), By Form & By Region Forecast - Global Review 2019 to 2029
https://www.factmr.com/report/4123/feed-ingredients-market
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