Poultry feed is referred to as "complete" feed, as, it is designed to contain all the vitamins, protein, energy, minerals, and other nutrients important for proper growth, egg production, and health of the birds. Mixing any other ingredients with the feed or fed separately, upsets the balance of nutrients in the "complete" feed, hence, feeding additional grain or supplement with the complete poultry feed is not recommended.
The global poultry feed market is growing rapidly mainly due to the increasing animal protein demand which is expected to remain as a major driving force for the market throughout the forecast period. Moreover, the growing population and the increase in the quality of meat production alongside the rise in per capita disposable income are escalating the market on the global platform.
Acknowledging exponential accruals that the market is witnessing currently, Market Research Future (MRFR) in its recently published study report asserts that the global poultry feed market will continue to observe exploding growth in the years to come registering a phenomenal CAGR throughout the forecast period (2016 – 2027).
Additional factors boosting the market growth include the increasing demand for fast-food and processed food coupled with the augmented poultry exports. Increasing poultry consumption in the US, UK, and Argentina led by the rising prices of beef is projected to influence the growth of the market positively. Flexible government regulations towards animal feed in countries such as Brazil, China, and India are expected to benefit the growth of the global poultry feed market further.
The growth of the poultry feed market is attributed to the high popularity of poultry meat across the globe, increasing awareness for healthy meat and cost efficiency of production, etc. The growing preference for poultry meat in some of the Asian and South American countries such as India, China, and Brazil, etc. would help the market to grow substantially.
On the other hand, factors such as the prevalence of poultry diseases like bird flu and others are expected to restrict the growth of the market. Also, the rising cost of key raw materials and price volatility of agricultural commodities used for manufacturing of poultry feed will act as a major headwind, hampering the growth of the market.
Nevertheless, factors such as the availability of advanced poultry feeds that are available with several types of medications for preventing or treating diseases and the augmenting demand for the packaged poultry feed, providing new opportunities for the growth for the industry participants.
To get more info: https://www.marketresearchfuture.com/press-release/global-poultry-feed-market
Global Poultry Feed Market – Segments
For enhanced understanding, the market has been segmented into four key dynamics: -
By Source : Coarse Grains, Animal Proteins, Vegetable Proteins, and Micro-Ingredients among others.
By Type : Layers, Broilers, and Dual-purpose among others.
By Form : Mash, Pellets, Crumbles, and Scratch Grain among others.
By Regions : North America, Europe, Asia Pacific, and the Rest-of-the-World.
Global Poultry Feed Market – Regional Analysis
The North American region heading with its largest poultry business, dominates the global poultry feed market with the largest market share. Factors such as the changing food consumption pattern and high consumption of poultry food items are estimated to generate high revenue pockets in the poultry feed market in the region, influencing the high production volume.
Also, there are a large number of poultry farms and consumers of poultry items in the region that drive market growth. Besides, the presence of many well-established players impacts the market growth in the region, positively. Moreover, factors such as the increasing health concerns are driving the market, increasing the consumer inclination towards the protein food.
The poultry feed market in the European region stands the second position, globally, in terms of the market size. The changing consumer preferences towards protein food products and the growing importance of health and wellness among the consumers, especially in Germany, the UK, and Russia are some of the factors supporting the market growth in the region. Furthermore, the developing economy in the region has led to an increase in disposable income which is enabling Europe to generate a substantial revenue pocket.
The Asia Pacific poultry feed market is emerging as a profitable market, globally. Factors such as the higher-level production, ever-increasing population in some of the rapidly developing countries like China and India, and the changing lifestyles of the consumers are anticipated to stimulate the growth of the overall poultry feed market in the region during the assessment period.
Furthermore, the growing inclination towards poultry items led by the increasing awareness about its associated health benefits is impacting the growth of the regional market, positively.
Global Poultry Feed Market – Competitive Analysis
Highly competitive the poultry feed market appears to be fragmented with the presence of many large and small-scale players. Innovation, M&A, and brand reinforcement remain key trends for these players. They strive to develop a cost-competitive manufacturing method that can reduce the price of the product as a whole and increase the shelf life of the product. The market competition is estimated to intensify with the expected product innovations and extensions.
Matured key players are increasingly inclined towards enhancing the production of poultry feed to satiate the growing demand and emphasize more on delivering unique products with extended shelf-life to create product differentiation which is seen to be one of the key focus areas.
Major Players
Key players leading the global poultry feed market include Cargill, Alltech, Kemin Industries, Chr. Hansen, Novozymes, BASF SE, Midland Company, Archer Daniels, and Evonik Industries among others.
Industry/innovation/Related News:
March 07, 2019 – A team of researchers from three Brazilian universities, the State University of Santa Catarina, the Federal University of Rio Grande do Sul, and the Federal University of Santa Maria published their study of exploring the use of glycerol monolaurate (GML) or lauric acid as an alternative to antimicrobial use in the diets of broiler chickens in Microbial Pathogenesis. The result of the study signifies that lauric acid has the potential to be used as AB alternative in poultry production. Adding lauric acid to poultry feed can boost poultry growth, weight gain and support bird health when used as an antibiotic replacement.
The Global Poultry Feed Market is estimated to develop at a substantial CAGR of 5.29% by 2023.
International manufacture of poultry meat is increasing, by way of the two-thirds of the growth instigated in the area of Asia-Pacific.The statement delivers an exceptional means for assessing the market, emphasizing openings, and backing up the planned and calculated policymaking.
This statement offers figures on inclinations and progresses, and concentrates on markets and materials, capabilities and expertise, and on the altering configuration of the Poultry Feed Market.Enquriy More About This Report: http://marketgrowthanalysis.com/reports/sample/290On the source of the applications, the statement concentrates on the position and viewpoint for foremost uses.
It takes into consideration the intake in terms of sales, market stake and development percentage of Poultry Feed for respective use, including- Home-based Use, Huge Farmhouses, and Others.
The advantages from the manufacture are expected in the nations similar to Thailand, Japan, Indonesia, India, and Malaysia.Request for Report Discount: http://marketgrowthanalysis.com/reports/enquiry/290The fresh prohibition on use of antibiotics as development organizers for animals by the U.S.A and European Union is projected to expose novel openings for business in the poultry feed market.
This prohibition is likely to upsurge the acceptance of additional feedstuff additives for example feed acidifiers, enzymes, and additional direct-fed bacteriological for refining the superiority of the poultry meat and auxiliary poultry merchandises.The statement revises Trades in terms of intake of Poultry Feed in the international market; particularly in North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
