Global Broilers Feed Market Size, Share, Growth Analysis, By Type(Starter Feed, Grower Feed), By Form(Mash, Crumble), By Ingredients(Soybean, Wheat) - Industry Forecast 2024-2031

Report ID: SQMIG30C2138 | Region: Global | Published Date: February, 2024
Pages: 273 | Tables: 96 | Figures: 76

Global Broilers Feed Market Insights

Broilers Feed Market size was valued at USD 117.78 billion in 2019 and is poised to grow from USD 125.2 billion in 2023 to USD 204.11 billion by 2031, growing at a CAGR of 6.30% in the forecast period (2024-2031).

Broiler chickens are a type of chicken developed by breeding specific strains of Cornish and Plymouth rock chickens. These birds spent between 8 and 10 weeks in a hatchery being raised to reach their full size. At eight weeks old, these chickens are nearing their peak marketability as broilers. The modern, intensive broiler farming industry has expanded dramatically, both in urban and rural areas. Chicken, meat, and other poultry bioproducts are being produced more efficiently and economically than ever before because of the expansion of the broiler farming industry. Boosting poultry health and productivity has been possible thanks in large part to the use of broiler feed and its additives. Both large and small-scale, organized chicken farms use broiler feed which will drive the demand for the broiler feed market during the forecast period.

US Broilers Feed Market is poised to grow at a sustainable CAGR for the next forecast year.

Global Broilers Feed Market Report Snapshots

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The Broilers Feed market is relatively fragmented, with a high level of competition. Few large players, like ABB Ltd, Honeywell, and Kiva Systems, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability. 'Cargill, Inc.', 'Archer Daniels Midland Company (ADM)', 'Charoen Pokphand Foods PCL', 'Tyson Foods, Inc.', 'Nutreco N.V.', 'New Hope Liuhe Co., Ltd.', 'De Heus Animal Nutrition B.V.', 'Guangdong Haid Group Co., Ltd.', 'Guangdong Wen's Food Group Co., Ltd.', 'ForFarmers N.V.', 'Alltech', 'Guangdong Guangzhou Huadu Bisheng Food Co., Ltd.', 'Guangdong Wens Dahuanong Biotechnology Co., Ltd.', 'J.D. Heiskell & Co.', 'Purina Animal Nutrition LLC (Land O'Lakes, Inc.)', 'Kent Nutrition Group', 'Chia Tai Group', 'Guangdong Evergreen Feed Industry Co., Ltd.', 'Kemin Industries, Inc.', 'Guangdong Haid Agricultural Products Co., Ltd.'

The global market for broiler feed is being propelled by the rising population. Products based on poultry are becoming increasingly well-liked over the world as a result of their relatively inexpensive prices and better taste. The demand for white meat is being driven upward by rising global per capita meat consumption as well as increasing awareness regarding the health benefits of adequate protein consumption. These are some of the major factors that are driving the broiler feed market.

The worldwide demand for broiler feed is being pushed upward by the rising trend of employing additives. Major contributors to the expansion of broiler weight include the usage of various vitamin & mineral premix to boost the nutritional value of the product and the FCR for the broiler feed. It has also been seen in recent times and is likely to drive the market during the analysis period, that BNB and soy DOC are used to increase protein content, and that amino acids and enzymes are added to increase the digestibility of the feed which increases the bioavailability of the nutrients in broilers.

Asia-Pacific accounted for more than 42% of the global broiler feed market and dominated the worldwide broiler feed production market in 2021 which is projected to continue to do so throughout the forecast period. Massive populations and rising average incomes in the region's developing nations are two important factors that should contribute to the region's rapid expansion. China, India, Thailand, and Malaysia, as well as the region's access to cheap labor and fertile agricultural land, are propelling the region's growth. North America held the second highest share of the worldwide broiler feed market, with the United States accounting for more than 80 % of the regional market. Increasing demand for animal-sourced protein in the region and knowledge of the nutritional value of chicken meat is the primary factor driving the growth of the broiler feed market in North America over the forecast period.

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Global Broilers Feed Market Size, Share, Growth Analysis, By Type(Starter Feed, Grower Feed), By Form(Mash, Crumble), By Ingredients(Soybean, Wheat) - Industry Forecast 2024-2031

Global Broilers Feed Market Insights

Global Broilers Feed Market Report Snapshots

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