Poultry Feed Market Forecast 2024-2030: Trends, Growth Drivers, And Challenges

Published: 2024-07-11
Views: 49
Author: nandini123
Published in: Food & Drinks

Poultry Feed Market Growth or Demand Increase or Decrease for what contains?

The poultry feed market is anticipated to witness significant growth due to increasing demand for poultry products such as meat and eggs. Factors driving this demand include rising global population, growing consumer preference for high-protein diets, and increasing disposable incomes in emerging economies. Technological advancements in feed production and the introduction of nutritionally balanced and fortified feed products are also contributing to market growth. However, fluctuations in raw material prices and stringent regulatory frameworks may pose challenges. Overall, the market is expected to experience a steady increase in demand, driven by the expansion of the poultry industry and a focus on improving feed quality to enhance poultry health and productivity.

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Poultry Feed Market CAGR Estimation: 

Poultry Feed Market size was valued at USD 222.35 Bn in 2023 and Poultry Feed market revenue is expected to reach USD 308.72 Bn by 2030, at a CAGR of 4.8 % over the forecast period.

Poultry Feed Market Segmentation:

by Poultry Type

Layer
Broiler
Turkey
Others

The market is divided into Turkey, Layer, Broiler, and Other segments. At 38.60% of the poultry feed market in 2023, the broilers segment held the top spot. The significant market share can be ascribed to the rising demand for chicken meat, mainly because of its remarkable nutritious composition. Because they are raised expressly to produce meat, broilers play a vital role in the chicken meat market. The rise in broiler farming has been fueled by the rising demand for chicken meat, which is prized for its high protein content and affordability. Proper nutrition plays a crucial role in the effective production of broilers, as ensuring the optimum dietary intake is essential.

by Feed Type

Complete Feed
Concentrates
Premix
Others

Complete Feed, Concentrates, Premix, and Others are the market's divisions. Throughout the course of the forecast period, the feed segment as a whole is anticipated to maintain its dominant market position, having dominated the market in 2023. The entire industry that produces and distributes feed for different poultry species, including chickens, is referred to as the poultry feed market. It consists of a range of feed products designed to meet the dietary requirements of chickens. The science and art of formulating balanced diets for poultry through the selection and blending of various feed ingredients is known as poultry feed formulation.

by Ingredient

Cereal
Oilseed Meal
Oil
Molasses
Fish Oil and Fish Meal
Supplements
Other

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Poultry Feed Market Overview:

The Maximize Market Research report assists clients in gaining a comprehensive understanding of the competitive landscape, serving as a valuable resource for strategic planning purposes. The comprehensive Poultry Feed market overview furnishes extensive information regarding market size, trade statistics, prominent participants, and a range of market indicators, encompassing aspects such as life cycle, prevailing trends, and more.

Poultry Feed Market Growth or Demand in which regions??

The poultry feed market is experiencing varied growth across different regions. In North America, the market is driven by advanced farming techniques and high consumption of poultry products. Europe is witnessing moderate growth due to stringent regulations and a focus on organic and non-GMO feed. The Asia-Pacific region, particularly countries like China and India, is experiencing robust growth due to rising population, increasing disposable incomes, and a shift towards protein-rich diets. Latin America is also showing significant growth, driven by the expansion of poultry farming and export opportunities. In contrast, the Middle East and Africa are experiencing slower growth due to economic instability and limited technological advancements in the agriculture sector. Overall, the Asia-Pacific region is expected to dominate the market in terms of growth and demand.

Poultry Feed Market Scope & Methodology:

The competitive landscape of the Poultry Feed market encompasses aspects like technology adoption, financial strength, portfolio, mergers and acquisitions, joint ventures, and strategic alliances. A comprehensive report delves into the drivers, limitations, opportunities, and challenges inherent in the Poultry Feed market. The report employed a bottom-up approach to ascertain Poultry Feed market estimations and growth rates.

To gain insights into Poultry Feed market penetration, pricing dynamics, demand analysis, and competitive panorama, the report executed regional analysis at local, regional, and global levels. Essential details about the Poultry Feed market, including stakeholders, investors, and new entrants, are presented to facilitate the development of marketing strategies and investment plans.

Both primary and secondary data gathering techniques were employed for the Poultry Feed Market. Primary approaches involved surveys, questionnaires, and interviews with industry leaders and business proprietors, while secondary data encompassed sources like press releases, annual and financial reports, white papers, etc. SWOT analysis was leveraged to pinpoint market vulnerabilities and weaknesses, while the PORTER framework was applied to gauge industry competitiveness within the Poultry Feed Market.

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Poultry Feed Market Key Players:

1. Cargill Inc.
2. Land O’Lakes, Inc.
3. Tyson Foods, Inc.
4. Kent Nutrition Group, Inc.
5. Hi-Pro Feeds, Inc.
6. Southern States Cooperative
7. Westeon Milling Animal Nutrition
8. Alltech Inc.
9. Evonik Industries AG.
10. Wen’s Food Group
11. Balance Agri-Nutrients Ltd.
12. DeKalbs Feeds, Inc.
13. Royal DSM N.V.
14. New Hope Group
15. Forfarmers B.V.
16. Charoen Pokphand PLC
17. EWOS Group
18. Associated British Foods plc.
19. De Heus Voeders B.V.

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Key questions answered in the Poultry Feed Market are:

• What is Poultry Feed?
• What is the growth rate of the Poultry Feed Market?
• Which are the factors expected to drive the Poultry Feed market growth?
• What are the different segments of the Poultry Feed Market?
• What are the factors restraining the growth of the Poultry Feed Market?
• What is the demand pattern of the Poultry Feed Market?
• What major challenges could the Poultry Feed Market face in the future? 

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Key Offerings:

• Past Market Size and Competitive Landscape
• Past Pricing and price curve by region
• Market Size, Share, Size & Forecast by different segment |
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region 
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective 

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