USD 118.18 billion
Global Poultry Feed Market Size, Share, Growth Analysis, By Feed Type(Complete Feed, Concentrates), By Application(Layers, Broilers), By Nature(Conventional, Organic) - Industry Forecast 2024-2031
Report ID:
SQSG30C2017 |
Region:
Global |
Published Date: February, 2024
Pages:
265
|
Tables:
89 |
Figures:
76
Global Poultry Feed Market Insights
Poultry 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).
Farmers feed ducks, turkeys, chickens, geese, and other domestic birds like chickens and geese with poultry feed. Modern feed is made by carefully choosing and mixing ingredients to create a highly nutritious diet that keeps poultry birds healthy and improves the quality of their meat, eggs, and other products. Minerals, vitamins, carbohydrates, proteins, and water are the main things that chickens need to grow, reproduce, stay healthy, and stay alive. Most of the energy needed for growth and development comes from carbs and fats. Also, protein is an important source of energy for poultry, especially if they don't get enough carbohydrates and fat. The lack of anti-nutritional elements like phytic acid and the effect of uncontrolled feed intake on poultry birds' digestive systems are driving up the demand for poultry feed.
US Poultry Feed Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Complete Feed
Growth Rate
6.3% CAGR
Global Poultry Feed Market 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Poultry Feed Market Size by Feed Type, 2022-2028 ($ Bn)
Global Poultry Feed Market Size by Feed Type, 2022-2028 (%)
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Global Poultry Feed Market Segmental Analysis
The Global Poultry Feed Market is segmented based on feed type, application, nature, and region. Based on type, the Poultry Feed Market is segmented into complete feed, concentrates, and premix. Based on application, the Poultry Feed Market is segmented into layers, broilers, and turkeys. Based on nature, the Poultry Feed Market is segmented into conventional and organic. Based on region, the global Poultry Feed market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Poultry Feed Market Analysis by Feed Type
In 2021, the complete feed segment accounted for the largest market share of the global poultry feed market and is expected to dominate the same throughout the forecast period. The low cost and positive effect of complete nutrition of the poultry birds’ because of feeding complete feed is the major reason for the complete feed segment dominance. The premix is expected to show tremendous growth during the analysis period due to is easy to use for self-preparation of feed by large and marginal farmers and also provides the same benefits as the complete feed are major reasons. These all factors will propel the poultry feed market throughout the analysis period.
Poultry Feed Market Analysis by Nature
The poultry feed market is segmented into conventional feed and organic feed based on the nature of the feed. The conventional feed segment accounted for the largest market share in the year 2021 and is expected to hold the same during the analysis period. The growing chicken feed industry requires swift manufacture and regular supply which could be full filled by conventional feed. Also, conventional feed has the same or more nutrients as organic feed. These poultry feeds include cereals like maize, rice, wheat, oat, and barley, as well as cereal byproducts like wheat-bran or rice polish, and animal and vegetable protein sources like fish-meal, meat-meal, soybean-oil-meal, groundnut-cake, and others, depending on availability. The meal is chemically or naturally enhanced with minerals and vitamins which make it a more lucrative choice for farmers to use. These all factors of the conventional feed are propelling the demand and will drive the conventional feed segment during the analysis period.
Global Poultry Feed Market By Feed Type, 2021 (%), 2023 (%)
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Global Poultry Feed Market Regional Insights
In 2021, the Asia Pacific region accounted for the largest market share of more than 35% of the global poultry feed market. The Asia-Pacific region has a large population and rising per capita income, both of which should drive rapid market expansion in the region. The region is spearheaded by growing economies like China, India, and Malaysia and has a comparative advantage over other regions due to its ready access to cheap labor and fertile farmland. Due to the region's large population and rising disposable incomes, it is anticipated that the region would grow at the quickest rate over the projected period.
Global Poultry Feed Market By Geography, 2022 - 2028, 2024-2031
- Largest
- Fastest
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Global Poultry Feed Market Dynamics
Poultry Feed Market Driver
- Increasing population is driving the global poultry feed market. Due to their low cost and shift in taste, poultry-based goods are getting popular globally. Increasing worldwide per capita meat consumption and awareness regarding the benefits of protein intake are propelling the white meat demand. High economic growth in Asia-Pacific and MEA has increased meat production and consumption, driving the poultry market growth.
Poultry Feed Market Restraint
- The poultry feed market is highly dependent on the cost of the raw material and the cost of the feed is also driven by the fluctuation in raw materials. Therefore, any calamity and disaster that affect farming production and yield will also restrain the production of the poultry feed market growth.
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Global Poultry Feed Market Competitive Landscape
The poultry feed market is relatively fragmented, with a high level of competition. Few large players, like Land O’Lakes, Inc., 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.
Poultry Feed Market Top Player’s Company Profiles
- Cargill, Incorporated
- Archer Daniels Midland Company
- Nutreco N.V.
- Tyson Foods, Inc.
- Alltech, Inc.
- Charoen Pokphand Foods Public Company Limited
- New Hope Group Co., Ltd.
- Guangdong Haid Group Co. Ltd.
- ForFarmers N.V.
- Evonik Industries AG
- BASF SE
- Land O'Lakes Inc.
- Hi-Pro Feeds LP
- Kent Nutrition Group, Inc.
- Purina Animal Nutrition LLC
- Guangzhou Guangdong Feed Group Co. Ltd.
- Guangdong Wens Foodstuff Group Co. Ltd.
- Guangxi Yangxiang Co. Ltd.
- Guangdong Wen's Foodstuff Group Co., Ltd.
- Beijing Dabeinong Technology Group Co. Ltd.
Poultry Feed Market Recent Developments
- In July 2022, Cargill Inc. and continental grains announced the acquisition of the Sanderson farms which is a privately-owned poultry business and now will provide good customer service and high-quality products to their customer.
- In October 2021, BASF and Cargill are growing their partnership by adding research and development capabilities and new markets for the distribution of feed enzymes. The goal is to give farmers feed innovations that improve feed efficiency, help animals grow and stay healthy, and waste fewer nutrients.
Global Poultry Feed Key Market Trends
- The latest trend witnessed in the global poultry feed market is the increasing use of feed additives in poultry feed. The increasing use of vitamins and minerals along with enzymes and pro and prebiotics are major market trends this allows farmers to attain better FCR performance from the feeds. Hence, increasing the demand for conventional feed in recent times. These all factors will propel the market growth during the analysis period.
- One of the major ingredients used in the conventional poultry feed is wheat and maize with the growing cost of maize globally feed manufacturers are turning towards the use of wheat in conventional feed and this trend is set to continue because of various benefits of the use of wheat in poultry feed which will drive the global poultry feed market during the analysis period.
Global Poultry Feed Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the Asia-Pacific region accounted for the largest market share of more than 35% of the global poultry feed market in the year 2021. The conventional feed segment is expected to hold the largest share during the analysis period. The low cost and easy availability of complete nutrition to the poultry birds' because of feeding complete feed is the major reason for the complete feed segment dominance. The increasing use of wheat and soya meal in the conventional feed with added vitamins and minerals to increase the nutritive value and CP in the feed are major trends seen lately which help farmers to attain better FCR which will increase profitability and will propel the sector growth during the analysis period.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 118.18 billion |
| Market size value in 2031 | USD 217.7 billion |
| Growth Rate | 6.3% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Poultry Feed Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Poultry Feed Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Poultry Feed Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Poultry Feed Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Poultry Feed Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Poultry Feed Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Poultry Feed Market Report Snapshots
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