Poultry Feed Market Report 2024 (Global Edition)

Global Poultry Feed Market Report 2024 Market Size Split by Animal Type (Layers, Broilers, Turkey, Others), by Form (Mashed, Pellets, Crumbles, Others), by Nature (Conventional, Organic), by Additives...

Poultry Feed Market Report Description

We have various report editions of Poultry Feed Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Competitive Landscape of the Poultry Feed Market

Major players are investing in research and innovation to create feeds with enhanced nutritional profiles that support improved growth, health, and productivity in poultry. Moreover, industry leaders are being prompted by the increased focus on sustainability to provide organic feed options in addition to sourcing components from sustainable supply chains. Leading businesses are also combining with other industry giants or buying smaller, more niche firms to expand their product lines and gain market share. Furthermore, they are implementing direct-to-farmer forms of distribution and sales to cut out middlemen and provide more affordable prices. To earn the trust of farmers, corporations are also concentrating on ensuring consistent product quality through the implementation of strong quality assurance programs.

Top Companies Market Share in Poultry Feed Industry: (In no particular order of Rank)

• Alltech
• Cargill Inc.
• BASF SE
• Novus International Inc.
• Anko Food Machine Co. Ltd.
• Bucher Industries
• Tetra Laval International S. A.
• Berkshire Hathaway Inc.
• John Bean Technologies Corporation
• Mallet & Company Inc.
• SPX Corporation
• Others
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Insights of the Poultry Feed Market

Which region dominate the Poultry Feed market in 2024?

According to Cognitive Market Research, The greatest market for poultry feed is in Asia-Pacific. The Asia Pacific region dominates the quickest pace of market expansion due to its large population, growing urbanization, and rising disposable incomes which in turn is driving the market's anticipated growth. Over the past 20 years, the poultry industries in China and India have grown rapidly both in terms of the quantity of birds raised and their average productivity. The expansion of intensive systems with high food conversion ratios is linked to higher production levels. The primary factor propelling the market is the rapidly growing demand for products made from poultry meat. Because poultry is regarded as one of the most sensible sources of protein, products made from it, such as eggs and meat, are consistently in high demand. 

The government's incentives to aid in recovery and restocking are advantageous to the Chinese poultry sector. In this way, the country's market analysis is being prompted by the growth of the poultry industry. Indian producers of poultry feed have been concentrating on developing feeds that include probiotic and prebiotic additives to improve the nature and utility of poultry products.

•    For Instance: On May 5, 2023 – Agrtitech start-up Animpet Ecomm launched an e-commerce platform for the exchange of livestock, dairy products, poultry-meat products, animal feed, nutrients, and medical as well as provision of medical services. animal products.

https://economictimes.indiatimes.com/tech/startups/agrtitech-startup-animpet-ecomm-launches-ecommerce-platform-for-animal-products/articleshow/100013542.cms?from=mdr

Which region is expanding at the faster CAGR?

According to Cognitive Market Research, the European market is anticipated to rise at a considerable CAGR during the projected period. Additionally, it is anticipated that the growing prevalence of nutritional problems in poultry animals will support market expansion. The absence of barriers based on culture or religion, the relatively cheap and competitive price of poultry meat when compared to other meats, and the dietary and nutritional (protein) attributes of the product are the primary drivers driving the market's growth. Customers' attention has been primarily focused on production processes and the accuracy of the information due to the growing health concern. The region's feed production rose as a result of the rising poultry production. The focus of industry participants on partnerships and agreements to provide poultry feed is said to be the reason for the market's expansion in the region

•    For Instance: On Sep 26, 2022 - Cargill developed a new mini-pellet chick feed that contains precise proportions of protein, carbohydrates, fat, and additives in highly digestible ingredients to, boost chick start within the first 120 hours of a bird's life. 

https://poultry.network/cargill-launches-new-pelletised-chick-starter-feed/

The current report Scope analyzes Poultry Feed Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

Poultry Feed Market Analysis

The Global Poultry Feed Market has been segmented by animal type into Layers, Broilers, Turkey, and Others. Broilers hold the largest share of the market. Because broilers are developed for quick growth and meat production, they require a steady supply of high-quality feed. Furthermore, because of their high feed-to-meat conversion ratio and short growth cycle, broilers are among the least expensive varieties of poultry to rear. Because of this, they are a desirable alternative for chicken farms, which increases the demand for specialized poultry feed. They also require a certain diet to grow to their full potential and produce high-quality meat. The need for customized poultry feeds is raised by these unique needs. Furthermore, vertically integrated supply chains that involve tight cooperation between farmers, meat processors, and feed manufacturers are frequently advantageous to poultry farms. This ensures a consistent and optimized feed supply.

•    For Instance: On Aug 28, 2023 – A new initiative was introduced by Novus International, Inc. to improve broiler producers' financial performance. The goals of the broilers scale-up program were to increase meat output, carcass quality, and nutritional quality. 

https://www.novusint.com/news/novus-supports-broilers-with-new-scale-up-program/

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Poultry Feed Industry. Request a Free Sample PDF!

Based on the form, the market is classified into Mashed, Pellets, Crumbles, and Others.

Pellets hold the largest share of the market. To ensure that poultry obtains a regular nutritional intake which is necessary for good growth and health pellets give a balanced blend of nutrients in each unit. Furthermore, because pellets are less likely to be distributed than loose or broken feed, their compact structure reduces feed waste. In addition, heat treatment is frequently used in the pelleting process to increase the digestibility of certain nutrients, improving feed conversion rates and the general health of the poultry. Moreover, they are simpler to handle, transport, and store compared to alternative types of poultry feed. Because of their tiny size, they require less storage space and are less likely to spoil.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Poultry Feed Nature Segment Analysis

By nature, the market is categorized into Conventional and Organic.

Compared to organic or specialty feeds, conventional poultry feed is typically less expensive to produce, making it a more convenient option for both farmers and consumers. Hence conventional dominates the market. Moreover, the extensive manufacturing and delivery networks for traditional feed guarantee its accessibility, even in isolated or underdeveloped areas. Additionally, conventional feeds are a well-known and reliable choice for poultry producers due to their extended use. Furthermore, it encounters fewer legal regulatory hurdles, compared to organic or non-GMO feeds which facilitate production and market launch. In addition, conventional feeds have a more uniform nutritional composition, because of regulated manufacturing processes, which makes them a dependable option for the health and development of poultry.

• Conventional
• Organic

Poultry Feed Additives Segment Analysis

By additives, the market is divided into Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, Feed Acidifiers, and Others. Amino acids dominated the market share. The building blocks of proteins and amino acids are essential to the growth, repair, and general health of poultry. Some vital amino acids, including lysine and threonine, are required additions because the birds are incapable of producing them on their own. Additionally, adding amino acids to poultry feed improves feed conversion ratios, which enables birds to grow and achieve the desired weight with less feed and a reduction in overall feed expenditures. Furthermore, amino acid additives are less expensive than supplements containing complete protein sources like soybean or fish meal. Their cost-effectiveness makes them the preferred option for poultry farmers seeking to optimize profits.

• Antibiotics
• Vitamins
• Antioxidants
• Amino Acid
• Feed Enzymes
• Feed Acidifiers
• Others

Poultry Feed Distribution Channel Segment Analysis

Based on the distribution channel, the market is divided into offline and online.

Offline distribution channel holds the largest share of the market, as supply chain logistics have been developed through offline distribution routes, allowing for the dependable and effective delivery of poultry feed to a range of markets, from rural to urban locations. Additionally, a lot of poultry farmers want to visually inspect the feed before making a purchase, which offline retail makes possible. Furthermore, poultry feed can be accessed instantly through offline methods, negating the need to wait for shipping. Furthermore, long-lasting relationships based on trust and individualized care are frequently the outcome of distributors and customers having direct interactions through offline channels. In addition, offline channel retailers and distributors possess specialized knowledge regarding poultry feed, enabling them to provide clients with invaluable guidance and recommendations.

• Offline
• Online

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
• Acquainted with entire process of report writing- Title Analysis, TOC Building, Search Engine Optimization, TOC Freezing, Writing Reports, Market Engineering, Scheduling Primaries, Directory of Key Industry Participants (DKIP), Drafting “Press Articles/Summary/Report Description/Analyst Briefing” used for making marketing collaterals 
• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion