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Poultry Feed Market

Poultry Feed Market Analysis by Product Type (Broiler, Layer), by Source (Corn, Wheat, Soybean, Blend Grains), by Form (Powder, Pellets, Briquettes), by Nature (Organic, Conventional), by Sales Channel & Regional Forecast 2022-2032

Analysis of Poultry Feed market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Global Poultry Feed Market Outlook

The global poultry feed market is estimated at USD 122.9 Billion in 2022 and is forecast to surpass USD 225.2 Billion by 2032, growing at a CAGR of 6.2% from 2022 to 2032.

Report Attributes

Details

Base Year Value (2021A)

USD 116.2 Billion

Estimated Year Value (2022E)

USD 122.9 Billion

Projected Year Value (2032F)

USD 225.2 Billion

Global Growth Rate (2022-2032)

 CAGR 6.2%

North America Market Share in 2021

~31%

North America Growth Rate (2022-2032)

CAGR ~6.5%

Collective Value Share (US, China, India) 2022: Top 3 Countries

~43%

Top 5 Companies Market Share in 2021

~25%

Key Companies Profiled

  • ForFarmers N.V.
  • Associated British Foods Plc
  • Anko Food Machine Co. Ltd.
  • Bucher Industries
  • John Bean Technologies Corporation
  • Mallet & Company Inc.
  • SPX Corporation
  • GEA Group
  • Tetra Laval International S.A.
  • Hosokawa Micron Corporation
  • BASF SE
  • Other Market Players

The global poultry feed market is likely to create an absolute dollar opportunity of USD 102.4 Billion by the end of 2032. The global poultry feed market holds ~26% of the global animal feed market.

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2017-2021 Global Poultry Feed Market Outlook in Comparison to 2022-2032 Growth Forecast

Poultry feed is nutritional food for various poultry including chicken, domestic fowls, ducks and geese. Poultry feed comes in various forms such as powder, granules, briquettes and pellets. Either conventional or organic, poultry feed is produced using corn, wheat, blended grains or soybean to provide a high level of proteins facilitating poultry health.

Regulatory authorities have been stressing upon ingredient definition for insect feed protein used in poultry feed. The United States Food and Drug Administration (FDA), on September 11, 2018, proposed that AFFCO (Association of American Feed Control Officials) has allowed the use of protein meal produced from insect larvae and whole dried insects in poultry feed.

AFFCO and the FDA have been working in the poultry feed regulation space, especially in setting definitions that describe new ingredients in poultry feed. FDA stresses the fact that the production of insect feed can provide a sustainable source of proteins. It has recommended an amendment of the ingredient definition for BSFL (Black Soldier Fly Larvae) in a bid to include it in the poultry feed.

Fact.MR projects the poultry feed market is expected to witness exhibiting growth at 6.2% CAGR during 2022 and 2032 in comparison to a CAGR of 4.3% with which it grew from 2017 and 2021.

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Antibiotic-Free Poultry Production goes Mainstream; Creates New Opportunities for Stakeholders

Ban on the use of antibiotics in poultry feed that promotes faster poultry growth is likely to open new avenues for stakeholders in the poultry feed market. According to World Health Organization (WHO) and other health authorities, antibiotic use in poultry feed poses significant health risks to humans.

Against this backdrop, governments across various countries have imposed legislative bans on antibiotic formulations in poultry feed and production. FDA’s Guidance #213 issues removal of antibiotics in poultry feed production. It has also proposed Guidance for Industry #152 that evaluates the safety of new antimicrobial drugs and their effects on human health.

This is expected to influence the uptake of various feed additives and enzymes that facilitate enhanced poultry feed quality. This has resulted in identifying new ways that stimulate poultry production and deliver enhanced results similar to antibiotic health promoters. Feed additives such as amino acids, prebiotics, probiotics, proprietary blends, and enzymes are emerging as potential poultry feed additives.

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Conditioning to Gain High Significance in Pelleting of Poultry Feed

Conditioning of poultry feed is gaining traction on the back of increasing demand for high pellet quality and bird performance. High-pressure steam during the conditioning process provides moisture and heat essential for gelatinization of starch, pathogen removal, and particle adhesion in the poultry feed.

Conditioning steam temperature and retention time are defined by PDI (Pellet Durability Index), effective control over which results in enhanced nutrient digestibility. Conditioning of poultry feed before pelleting, particularly for young birds, has gained high significance as young poultry has an underdeveloped enzymatic system that requires highly digestible nutrients.

Synergistic Use of Organic Acids and Copper Hydroxychloride in Poultry Feed – An Upcoming Trend in the Market

The use of organic acids in drinking water has resulted in a substantial increase in bird weight as compared to birds receiving AGPs (Antimicrobial Growth Promoters). Moreover, organic acid in poultry feed has enhanced the footpad quality along with the reduction in mortality rates compared to poultry receiving antimicrobial growth promoters.

Stakeholders in the poultry feed market are also focusing on using organic acids and copper hydroxychloride in poultry feed in a bid to improve performance along with FCR (Feed Conversion Ratios) without additional costs.

Dynamic Predictive Software Tools to Gain Significant Traction in Poultry Feed Management

The use of dynamic predictive software tools in the poultry feed management space has brought remarkable transformation and led to lessening the pressure faced by producers of poultry feed.  Stakeholders in the poultry feed market have been focusing on enhancing profitability by gaining knowledge associated with interactions between farm conditions and nutrient levels.

Based on the analysis provided by software tools regarding poultry feed data and nutrient levels, it has been possible to alter key production factors that can result in profitability improvement. The tool can be used to develop feed programs and plan effective management strategies based on analysis of current feed data, production data, and poultry feed form. The predictive tool technology has been gaining ground owing to its suitability across the entire poultry feed spectrum and is being adopted by small, medium, and large-scale industries.

Growing Importance of Clean Labels Impacting Poultry Feed Market Growth

Food safety concerns and clean labeling are closely associated topics that are gaining importance worldwide. Rising demand for clean labeling in a bid to mitigate consumer mistrust owing to the increasing scandals related to poultry production, which has been observed since the past few years.

In addition, the ban on antibiotics in poultry feed has made it imperative for producers to use clean labels. Increasing consumer inclination towards clean labeling on the back of growing demand for GMO-free and organic poultry products is likely to impact the poultry feed space.

Poultry Consumption on the Rise Influencing Poultry Feed Demand

The poultry feed market is likely to witness steady growth as poultry producers strive to meet the increasing demand for poultry across the globe. Growing consumption of poultry meat has pushed poultry production, in turn triggering an imbalance between supply and demand for poultry.

For instance, according to the National Chicken Council (NCC), per capita, poultry consumption in the United States in 2016 was 107.6 pounds, which touched 108.6 pounds in 2017. NCC estimates that the consumption of poultry is expected to reach 109.2 pounds by 2018-end and further increase by 2019. Likewise, OECD and FAO estimated that per capita consumption of poultry meat in EU rose from 20.5 Kg in 2010 to 22.7 Kg in 2016 and are likely to showcase a 0.5% increase during 2017-2026. In a bid to balance the equation, poultry and livestock producers are relying on using advanced poultry feed, consequently fueling the growth of the poultry feed market.

Competitive Landscape: Top Companies in Poultry Feed Market

The global poultry feed market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.

Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the growth of poultry feed.

Fact.MR has provided detailed information about price points of key manufacturers in poultry feed market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.

For instance:

  • Associated British Foods Plc launched animal neonate specialist business AB Neo in 2021, focusing on needs of young farm animals. It manufacturers a range of products for poultry, calves and piglets
  • ForFarmers in 2020 announced the acquisition of poultry sector of De Hoop Mengvoeders, thereby resulting in the creation of leading position in the broiler market

Global Poultry Feed Market by Category

  • By Product Type, Global Poultry Feed Market is segmented as:

    • Broiler
    • Layer
    • Others
  • By Source, Global Poultry Feed Market is segmented as:

    • Corn
    • Wheat
    • Soybean
    • Blend Grains
    • Other
  • By Form, Global Poultry Feed Market is segmented as:

    • Powder
    • Granules/Particles
    • Pellets
    • Briquettes
  • By Nature, Global Poultry Feed Market is segmented as:

    • Organic
    • Conventional
  • By Sales Channel, Global Poultry Feed Market is segmented as:

    • Direct Sourcing
    • Indirect Sourcing
  • By Region, Global Poultry Feed Market is segmented as:

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

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The global value of poultry feed market is estimated to be worth over USD 122.9 Billion in 2022.

The demand is anticipated to surpass USD 225.2 Billion by 2032 end.

During 2017-2021, global poultry feed market grew at 4.3% CAGR.

Some of the prominent players in poultry feed market are ForFarmers N.V., Associated British Foods Plc, Anko Food Machine Co. Ltd., Bucher Industries, John Bean Technologies Corporation, Mallet & Company Inc., etc.

North America tops the global poultry feed market accounting for 31.4% of global market share in 2022.

Organic segment under the nature segment contributes 67.8% of market share in global sales of poultry feed.

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