Poultry feed is food for farm poultry, including chickens, ducks, geese and other domestic birds. Modern feeds for poultry consists largely of grain, protein supplements such as soybean oil meal, mineral supplements, and vitamin supplements. The quantity of feed, and the nutritional requirements of the feed, depend on the weight and age of the poultry, their rate of growth, their rate of egg production, the weather (cold or wet weather causes higher energy expenditure), and the amount of nutrition the poultry obtain from foraging. This results in a wide variety of feed formulations.
Market Analysis and Insights: Global Poultry Feed Market
Due to the COVID-19 pandemic, the global Poultry Feed market size is estimated to be worth US$ 3008.9 million in 2022 and is forecast to a readjusted size of US$ 3551.1 million by 2028 with a CAGR of 2.8% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Complete Feed accounting for % of the Poultry Feed global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Chickens segment is altered to an % CAGR throughout this forecast period.
The global poultry feed additives market share was dominated by Asia-Pacific. A strong economic growth and population growth is the key driver that pushed the market forward in this region. North America is the second largest market . Europe ranks third,where rising disposable income supported by the buoyant domestic demand and the large availability of feed grain, is the primary reason for the particularly strong growth in this market.
Global Poultry Feed Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Poultry Feed Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Complete Feed
Concentrated Feed
Premix Feed
Segment by Application
Chickens
Ducks
Geese
Other Domestic Birds
By Company
CP Group
Cargill
New Hope Group
Purina Animal Nutrition
Nutreco
Tyson Foods
BRF
ForFarmers
Twins Group
East Hope Group
JA Zen-Noh
Haid Group
NACF
Tongwei Group
Alltech
TRS
Yuetai Group
Evergreen Feed
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina