Poultry Feed Market
Poultry Feed Market Forecasts to 2030 - Global Analysis By Product Type (Broiler, Layer, Turkey and Other Product Types), Ingredient Type, Additive Type, Source, Form, End User and By Geography
According to Stratistics MRC, the Global Poultry Feed Market is accounted for $121.3 billion in 2023 and is expected to reach $193.5 billion by 2030 growing at a CAGR of 6.9% during the forecast period. Poultry feed refers to the specialized food formulated and provided to domesticated birds raised for their meat, eggs, or feathers. These birds typically include chickens, ducks, turkeys, geese, and quail, among others. Poultry feed is designed to meet the nutritional requirements of each species and stage of growth, ensuring optimal health, growth, egg production and meat quality. It usually consists of a balanced mix of grains, protein sources, vitamins, minerals, and sometimes additives like antibiotics or probiotics, depending on the specific needs of the birds and the farming practices employed.
According to dsm-firmenich, there is a rise in the prevalence of viral arthritisleg weakness in poultry birds. As per estimates, 5.5% to 48.8% of birds have compromised gait, which is a result of nutritional deficiencies.
Market Dynamics:
Driver:
Rising demand for poultry meat
The market is witnessing a surge in demand for poultry meat, driven by factors like population growth, rising incomes, and dietary preferences. Consumers are increasingly turning to poultry products due to their affordability, nutritional value, and versatility in cooking. This trend is expected to continue growing as the poultry industry focuses on improving production efficiency, sustainability, and animal welfare practices to meet the rising global demand for high-quality poultry meat.
Restraint:
Competition from alternative proteins
Plant-based proteins, insect-derived meals, and synthetic amino acids are gaining traction due to sustainability concerns and technological advancements. This shift challenges the dominance of conventional feed sources like soybean meal and fishmeal, prompting industry players to innovate and diversify their offerings. Strategies focusing on cost-efficiency, nutritional value, and environmental impact are pivotal in navigating this evolving landscape.
Opportunity:
Surge in demand for organic feed
The market is witnessing a notable surge in demand for organic feed, reflecting a growing consumer preference for natural and sustainable products. This shift is driven by concerns over the use of synthetic additives and chemicals in conventional feed. Organic feed offers a more environmentally friendly and health-conscious alternative, aligning with the increasing awareness about food quality and safety among consumers. This trend underscores a significant opportunity for organic feed producers in the poultry industry.
Threat:
High raw material prices
The market is grappling with soaring raw material prices, creating significant challenges for industry players. The cost escalation, especially in key ingredients like grains and proteins, has led to higher production expenses, squeezing profit margins. Producers are under pressure to manage these costs efficiently while ensuring the quality and nutritional value of their feeds remain uncompromised. This situation underscores the critical need for strategic pricing and supply chain management strategies within the poultry feed sector.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the poultry feed market. Disruptions in the supply chain led to increased costs of raw materials, affecting production and distribution. Fluctuating demand due to lockdowns and economic uncertainties further strained the market. However, a shift towards home cooking and healthy eating trends boosted poultry consumption, partially offsetting the negative effects. Overall, the market witnessed challenges but also opportunities for adaptation and innovation in response to the pandemic's effects.
The broiler segment is expected to be the largest during the forecast period
The broiler segment is expected to be the largest during the forecast period. Factors such as rising consumer awareness about protein-rich diets, technological advancements in feed formulations, and emphasis on animal welfare contribute to the segment's growth. Broiler feed manufacturers focus on developing nutritionally balanced feeds to optimize growth rates, meat quality, and feed conversion ratios, ensuring profitability for farmers and meeting the evolving preferences of consumers.
The vitamins segment is expected to have the highest CAGR during the forecast period
The vitamins segment is expected to have the highest CAGR during the forecast period. Key players in the industry are focusing on developing innovative vitamin formulations that enhance poultry health and productivity. Rising awareness among poultry farmers regarding the importance of balanced nutrition is also contributing to market expansion. Additionally, advancements in feed technology and stringent regulations regarding animal nutrition are further shaping the dynamics of the market.
Region with largest share:
North America is projected to hold the largest market share during the forecast period due to diverse range of products catering to the needs of poultry farmers. With a focus on nutritional quality, efficiency, and sustainability, key players in the market continually innovate to meet the demands of a growing poultry sector. Factors such as technological advancements, rising consumer awareness regarding healthy poultry products, and stringent regulatory standards contribute to the market's steady growth trajectory in the region.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period. The growth of the poultry feed market is propelled by factors such as urbanization, rising disposable incomes, changing dietary preferences, and an expanding middle class that prefers protein-rich diets, including poultry products. The market has seen advancements in feed formulations, incorporating additives, enzymes, and probiotics to improve feed efficiency, enhance poultry health, and reduce environmental impact.
Key players in the market
Some of the key players in Poultry Feed market include John Bean Technologies Corporation, Hosokawa Micron Corporation, Associated British Foods Plc, BASF SE, ForFarmers N.V., Anko Food Machine Co. Ltd., Berkshire Hathaway Inc., Bucher Industries, Tetra Laval International S.A., SPX Corporation, NICHIMO CO. LTD., Mallet & Company Inc. and GEA Group.
Key Developments:
In November 2023, Refit Animal Care, a manufacturer and supplier of high-quality animal feed and supplements, launched two new products of pigeon feed supplements to enhance poultry health and productivity.
In April 2022, Cargill invested USD 50 million toward developing R&D in China, near Elk River, Minnesota, and a facility in the Netherlands to research and build animal nutrition and feeds.
Product Types Covered:
• Broiler
• Layer
• Turkey
• Other Product Types
Ingredient Types Covered:
• Plant-based Feed
• Animal-based Feed
• Synthetic Feed
• Other Ingredient Types
Additive Types Covered:
• Antioxidants
• Amino Acid
• Antibiotics
• Vitamins
• Feed Enzymes
• Feed Acidifiers
• Other Additive Types
Sources Covered:
• Soybean
• Blend Grains
• Corn
• Wheat
• Other Sources
Forms Covered:
• Pellets
• Crumbles
• Mashed
• Other Forms
End Users Covered:
• Poultry Farmers
• Feed Mills and Integrators
• Pet Food Manufacturers
• Research Institutions
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Poultry Feed Market, By Product Type
5.1 Introduction
5.2 Broiler
5.3 Layer
5.4 Turkey
5.5 Other Product Types
6 Global Poultry Feed Market, By Ingredient Type
6.1 Introduction
6.2 Plant-based Feed
6.3 Animal-based Feed
6.4 Synthetic Feed
6.5 Other Ingredient Types
7 Global Poultry Feed Market, By Additive Type
7.1 Introduction
7.2 Antioxidants
7.3 Amino Acid
7.4 Antibiotics
7.5 Vitamins
7.6 Feed Enzymes
7.7 Feed Acidifiers
7.8 Other Additive Types
8 Global Poultry Feed Market, By Source
8.1 Introduction
8.2 Soybean
8.3 Blend Grains
8.4 Corn
8.5 Wheat
8.6 Other Sources
9 Global Poultry Feed Market, By Form
9.1 Introduction
9.2 Pellets
9.3 Crumbles
9.4 Mashed
9.5 Other Forms
10 Global Poultry Feed Market, By End User
10.1 Introduction
10.2 Poultry Farmers
10.3 Feed Mills and Integrators
10.4 Pet Food Manufacturers
10.5 Research Institutions
10.6 Other End Users
11 Global Poultry Feed Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 John Bean Technologies Corporation
13.2 Hosokawa Micron Corporation
13.3 Associated British Foods Plc
13.4 BASF SE
13.5 ForFarmers N.V.
13.6 Anko Food Machine Co. Ltd.
13.7 Berkshire Hathaway Inc.
13.8 Bucher Industries
13.9 Tetra Laval International S.A.
13.10 SPX Corporation
13.11 NICHIMO CO. LTD.
13.12 Mallet & Company Inc.
13.13 GEA Group
List of Tables
1 Global Poultry Feed Market Outlook, By Region (2021-2030) ($MN)
2 Global Poultry Feed Market Outlook, By Product Type (2021-2030) ($MN)
3 Global Poultry Feed Market Outlook, By Broiler (2021-2030) ($MN)
4 Global Poultry Feed Market Outlook, By Layer (2021-2030) ($MN)
5 Global Poultry Feed Market Outlook, By Turkey (2021-2030) ($MN)
6 Global Poultry Feed Market Outlook, By Other Product Types (2021-2030) ($MN)
7 Global Poultry Feed Market Outlook, By Ingredient Type (2021-2030) ($MN)
8 Global Poultry Feed Market Outlook, By Plant-based Feed (2021-2030) ($MN)
9 Global Poultry Feed Market Outlook, By Animal-based Feed (2021-2030) ($MN)
10 Global Poultry Feed Market Outlook, By Synthetic Feed (2021-2030) ($MN)
11 Global Poultry Feed Market Outlook, By Other Ingredient Types (2021-2030) ($MN)
12 Global Poultry Feed Market Outlook, By Additive Type (2021-2030) ($MN)
13 Global Poultry Feed Market Outlook, By Antioxidants (2021-2030) ($MN)
14 Global Poultry Feed Market Outlook, By Amino Acid (2021-2030) ($MN)
15 Global Poultry Feed Market Outlook, By Antibiotics (2021-2030) ($MN)
16 Global Poultry Feed Market Outlook, By Vitamins (2021-2030) ($MN)
17 Global Poultry Feed Market Outlook, By Feed Enzymes (2021-2030) ($MN)
18 Global Poultry Feed Market Outlook, By Feed Acidifiers (2021-2030) ($MN)
19 Global Poultry Feed Market Outlook, By Other Additive Types (2021-2030) ($MN)
20 Global Poultry Feed Market Outlook, By Source (2021-2030) ($MN)
21 Global Poultry Feed Market Outlook, By Soybean (2021-2030) ($MN)
22 Global Poultry Feed Market Outlook, By Blend Grains (2021-2030) ($MN)
23 Global Poultry Feed Market Outlook, By Corn (2021-2030) ($MN)
24 Global Poultry Feed Market Outlook, By Wheat (2021-2030) ($MN)
25 Global Poultry Feed Market Outlook, By Other Sources (2021-2030) ($MN)
26 Global Poultry Feed Market Outlook, By Form (2021-2030) ($MN)
27 Global Poultry Feed Market Outlook, By Pellets (2021-2030) ($MN)
28 Global Poultry Feed Market Outlook, By Crumbles (2021-2030) ($MN)
29 Global Poultry Feed Market Outlook, By Mashed (2021-2030) ($MN)
30 Global Poultry Feed Market Outlook, By Other Forms (2021-2030) ($MN)
31 Global Poultry Feed Market Outlook, By End User (2021-2030) ($MN)
32 Global Poultry Feed Market Outlook, By Poultry Farmers (2021-2030) ($MN)
33 Global Poultry Feed Market Outlook, By Feed Mills and Integrators (2021-2030) ($MN)
34 Global Poultry Feed Market Outlook, By Pet Food Manufacturers (2021-2030) ($MN)
35 Global Poultry Feed Market Outlook, By Research Institutions (2021-2030) ($MN)
36 Global Poultry Feed Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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