USD 184.82 billion
Report ID: SQSG30C2026 | Region: Global | Published Date: February, 2024 | Pages: 244 | Tables: 97 | Figures: 70
Poultry Nutrition Market size was valued at USD 184.82 billion in 2021 and is poised to grow from USD 191.98 billion in 2022 to USD 256.66 billion by 2030, growing at a CAGR of 3.87% in the forecast period (2023-2030).
Over the past decade, the production of most farm animal species has increased, and this trend is expected to continue in the coming future. The largest growth in output has occurred in the poultry industry, and this pattern is expected to persist. Both the global demand for chicken and eggs and the global supply of both are capable to serve the nutritional needs of the expanding population of the world. The poultry sector is playing a significant role in this vital development. Increased demand for animal goods, especially poultry meat and eggs has been observed in many developing countries as their economies have improved. These are some of the major factors for increasing demand for global poultry nutrition demand during the evaluation period.
US Poultry Nutrition Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 184.82 billion
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The Global Poultry Nutrition Market is segmented based on type, poultry type, application, and region. Based on type, the market is segmented into carbohydrates, fats, proteins, vitamins, minerals, and water. Based on poultry type, the market is segmented into broilers, layers hens, turkeys, ducks & geese, game birds, ratites, and pet birds. Based on application, the market is segmented into broiler feed, layers feed, and other poultry feed. Based on region, the global Poultry Nutrition market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Poultry Nutrition Market Analysis by Application
In 2022, the broiler feed sector represented more than 68% of the worldwide poultry nutrient application market, followed by the layer feed segment, which represented more than 28% of the nutrition market. This dominance is mostly attributable to the rising demand for poultry meat, which is anticipated to increase throughout the analysis period. Increasing population and awareness of the health advantages of animal protein are the primary drivers of this rising demand for poultry meat, combined with its easy availability and delicious flavor. The segment of layer feed is anticipated to experience great expansion during the forecast period, driven by the rising demand for eggs in various regions of the world due to their easy availability and high nutritional value. The demand for poultry farming will be driven by factors such as the need for chicken meat and eggs, which will propel the global poultry nutrition industry.
Poultry Nutrition Market Analysis by Poultry Type
In 2022, the broiler segment of the global poultry nutrition market had the biggest market share. This is because today's broiler strains grow faster and because improvements in processing have helped the broiler industry make new products that consumers want. During the time frame of the study, the layer segment is expected to grow the most. This is because developing countries like China, India, and Malaysia are getting more people and want more chicken eggs because they are easy to get and good for you. All of these things will drive the growth of the poultry nutrition market during the study period.
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In 2022, more than 47% of the global poultry nutrition market came from the Asia-Pacific. The Asia-Pacific region is densely populated with an increasing average income per person. This should help the market grow quickly in the region. The region is led by countries with growing economies, such as China, India, and Malaysia. It has an advantage over other places because it has easy access to cheap labor and good farmland. Since the region has a lot of people and their incomes are going up, it is expected that it will grow the fastest during the projected period.
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Poultry Nutrition Market Driver
Significant Demand for Poultry to Encourage a High Market Demand
Poultry Nutrition Market Restraint
Price Volatility of Feed Products is likely to restrain the market growth
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The Poultry Nutrition market is relatively fragmented, with a high level of competition. Few large players, like J.D. Heiskell & Co, Tyson Foods, Inc., and Cargill 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 Nutrition Market Top Player’s Company Profiles
Poultry Nutrition Market Recent Developments
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 Global Poultry Nutrition Market is segmented based on type, poultry type, application, and region. North America, Europe, Asia-Pacific, South America, and MEA dominate the nutrition market. Increasing demand for poultry meat and eggs will propel the global poultry nutrition industry. In 2022, more than 45% of the global poultry nutrition market came from the Asia-Pacific. This is because countries like China, India, and Malaysia are densely populated and poultry products forms an inseparable diet for people here. The region has a lot of people and an increasing average income per person which should help the market grow.
|Market size value in 2021
|USD 184.82 billion
|Market size value in 2030
|USD 256.66 billion
|Forecast Unit (Value)
|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)
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Poultry Nutrition 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 Nutrition 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.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Poultry Nutrition Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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