Poultry Feed Market Growth Share and Forecast (2023-2030)

The Poultry Feed Market: Fueling a Growing Demand for Poultry

Poultry farms have been a mainstay since the domestication of animals, fulfilling the global demand for poultry meat and eggs. Poultry feed plays a critical role in this process, directly impacting the quality and availability of poultry protein. As living standards and health awareness rise, the demand for poultry feed is expected to continue its upward trajectory.

Market Growth and Drivers:

  • Market Research Future predicts significant growth in the global poultry feed market, with a CAGR (compound annual growth rate) leading to a billion-dollar increase by 2030.
  • This growth is primarily driven by the increasing global population and the growing preference for poultry as a healthy protein source.
  • The profitability of the poultry business further fuels the demand for high-quality poultry feed.

Challenges and Opportunities:

  • Fluctuations in agricultural commodity prices and rising costs of raw materials can hinder market growth.
  • Government support and investment in the poultry feed sector can offer positive countermeasures.
  • Increasing disposable income globally is expected to further drive poultry consumption and consequently, the demand for poultry feed.

Industry News (Summarized):

  • 2017: Major poultry feed producers like Astral, Harim Group, Sanderson Farms, and Costco are making significant investments in feed mills, poultry processing facilities, and hatcheries.

Competitive Landscape:

  • The market is witnessing strong volume-driven growth with various players introducing diverse feed options.
  • Companies are competing fiercely to capture market share, focusing on continuous process improvement and strategic investments.
  • Key players include Alltech, Cargill, Kemin Industries, Novozymes, Chr. Hansen, BASF SE, Archer Daniels Midland Company, and Evonik Industries.

Market Segmentation:

  • Source: Coarse Grains, Vegetable Proteins, Animal Proteins, Micro-Ingredients, and Others.
  • Type: Layers, Broilers, and Dual-Purpose Birds.
  • Form: Mash, Pellets, Crumbles, Scratch Grain, and Others.

Regional Analysis:

  • North America currently dominates the market, followed by Asia-Pacific and Europe.
  • Both Asia-Pacific and Europe are expected to experience significant growth in the poultry feed market by 2030.

Conclusion:

The poultry feed market share is poised for significant growth due to rising demand for poultry meat and eggs. While challenges exist, the increasing focus on innovation and strategic investments by key players paint a promising picture for the future of this vital agricultural sector.

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