Global Layers Feed Market

Global Layers Feed Market Size, Share, Growth Analysis, By Type(Starter Feed, Grower Feed), By Form(Mash Feed, Pellet Feed), By Ingredient(Soybean, Wheat) - Industry Forecast 2024-2031

Report ID: SQMIG30C2137 | Region: Global | Published Date: February, 2024
Pages: 221 | Tables: 94 | Figures: 76

Global Layers Feed Market News

  • In July 2022, Agricultural retailers and producers will now be able to use AgVend's digital enablement solution to gain access to Winfield United's patented digital tools, services, and marketing campaigns. The partnership will provide locally owned ag shops with a game-changing digital experience, empowering them to increase their market share by giving them the tools they need to adapt quickly to changing customer preferences.
  • In June 2022, PERDUE® CHICKEN PLUS® Chicken Tots™ was announced as the most favorite and most likable product in the supermarket by the Peoples best food award 2022. This took first place in the most liked chicken product.
  • In May 2022, Perdue AgriBusiness and Bayer announced their new commercial collaboration arrangement to bring Visitive® Gold Extend soybeans to market. Through this commercial partnership, Bayer will fulfill the necessary regulatory steps to bring Vistive® Gold Xtend soybeans to market, and Perdue will provide farmers with high oleic oil premiums in the contract for their Vistive® Gold Xtend grain in the Mid-Atlantic region.
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Layers Feed Market size was valued at USD 118.18 billion in 2019 and is poised to grow from USD 125.63 billion in 2023 to USD 217.7 billion by 2031, growing at a CAGR of 6.3% in the forecast period (2024-2031).

The layers feed market is relatively fragmented, with a high level of competition. Few large players, like Alltech, Cargill Inc., and Tyson Foods, Inc., 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. 'Alltech, Inc.', 'Archer Daniels Midland Company', 'Avitech Nutrition Pvt. Ltd.', 'BASF SE', 'Cargill, Incorporated', 'Charoen Pokphand Foods Public Company Limited', 'Chr. Hansen Holding A/S', 'Devenish Nutrition Limited', 'DSM Nutritional Products AG', 'Evonik Industries AG', 'ForFarmers N.V.', 'Guangdong Haid Group Co., Ltd.', 'Kent Feeds, Inc.', 'Kemin Industries, Inc.', 'Novus International, Inc.', 'Nutreco N.V.', 'Purina Animal Nutrition LLC', 'Ridley Corporation Limited', 'The Mosaic Company', 'Wen's Food Group Co., Ltd.'

Enhanced goods and a plethora of possibilities for various flocks of hens have helped businesses flourish in emerging economies, which have benefited from both globalization and rising consumer incomes. The layer feed market is anticipated to be driven during the forecast period by the requirement for disease prevention and attaining better egg production, which is increasing the demand for nutritional feed, and the acceptance of layer farming as a source of revenue by farmers.

Organic feed is more expensive than conventional but is in recent trends as organic feed consumed hens lay larger and tastier eggs. Antibiotics, hormones, herbicides, synthetic fertilizers, GMOs, and pesticides are banned in organic layers feed.

The Asia Pacific accounted for more than 47% of the global layer feed market in the year 2021, with Europe ranking as the second largest producer of layer feed worldwide in that year. Major drivers for the dominance in the global market include the large populations and rising demand for eggs in developing nations like China, India, and Japan. Spain and Germany are the leading layer feed producers in Europe, and the European market as a whole is expanding at a rapid pace. During the analysis period, Australia's feed production increased by 4% in response to the rising demand for protein-rich foods in the country and the area. During the predicted period, all of these elements will drive the worldwide layer feed market forward.

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