Global Coffee Grounds Market to Surge at a 5.1% CAGR, Expected to Reach USD 23.3 Billion by 2032 | FMI

poultry feed market 
poultry feed market

The poultry feed market is expected to increase from US$ 216.5 billion in 2023 to US$ 365.6 billion by 2033.

Increased Use of Online Food Delivery Channels is Contributing to the Growth of the Poultry Business

Farmers feed domesticated birds and other fowl, such as chickens, ducks, turkeys, and geese, with fowl feed. Modern feed is made by carefully selecting and mixing ingredients to offer a highly nutritious diet that preserves the health of poultry birds and enhances the quality of end products like meat and eggs. Hens require a variety of essential nutrients for growth, reproduction, maintenance, and overall health, including minerals, vitamins, carbohydrates, proteins, and water.

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When poultry birds’ intake of carbs and fats is insufficient, protein is an essential source of energy. The demand for poultry feed is rising due to the shortage of anti-nutritional components such phytic acid and the effects of unrestricted feed intake on the digestive tracts of poultry birds.

The rise in population is a crucial factor that is anticipated to support the expansion of the global poultry feed market. Furthermore, due to their low cost and a shift in customer tastes towards white meat rather than red meat, consumption of poultry-based products has expanded dramatically globally.

Increased awareness of the value of protein in the diet can be partly blamed for the rising global per capita meat intake. Additionally, the Middle East, Africa, Asia Pacific, and these countries have increased their production and consumption of meat, which has supported market expansion.

An growth in consumer demand for poultry meat products is the main factor driving the poultry feed sector. An increase in the output of industrial livestock and the demand for organic feed are further market growth drivers.

Both income and population have a big impact on the demand for poultry products. As packaged poultry feed develops more swiftly than conventional chicken feed, the market is expected to rise.

Quality and price of the feed products have become two of the most crucial factors in this sector, and suppliers are crucial to the poultry feed industry. Chicken feed companies are projected to get more involved in the manufacture of raw materials in order to control pricing, which is likely to alter market purchasing procedures.

Key Points from the Poultry Feed Market

  • The requirement for nutritional feed to avoid poultry diseases, as well as farmers’ embrace of poultry farming as a source of income, is likely to drive the poultry feed market during the forecast period.
  • The poultry feed market is expected to capture a CAGR of 5.4% during the forecast period 2023 to 2033.
  • Asia Pacific dominated the poultry feed market.

Key Developments in the Poultry Feed Market

  • In March 2019, DuPont de Nemours and Company introduced the chicken feed supplement SYNCRA to improve nutrient digestibility in poultry production.
  • In September 2018, DSM N.V. and Novozymes released BALANCIUS, a feed enzyme that improves feed efficiency and digestibility in broilers while simultaneously increasing long-term product yield.
  • In October 2019, Cargill developed a feeding intelligence platform that provides farmers with materials on the most recent intelligent animal production techniques, intending to assist farmers in navigating and improving their operations across all species, including poultry animals.
  • In May 2018, Farmers introduced APOLLO, a new broiler feed brand, to broiler producers in the United Kingdom and Northwest Europe. The new feed line was designed to help modern broiler birds grow and stay healthy.

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Poultry Feed Market by Key Segment

By Livestock:

  • Layers
  • Broilers
  • Turkeys

By Nature:

  • Conventional
  • Organic

By Feed Type:

  • Corn
  • Wheat
  • Barley

By Form:

  • Granules
  • Pellets
  • Powder

By Regional:

  • North America
  • Europe
  • Asia Pacific
  • Central & South America

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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