The Global Poultry Feed Market Is Expected To Grow At A CAGR Of 6.8%

Alltech Inc., Novus International Inc, Royal DSM N.V., Charoen Popkhand Foods, BASF, Evonik Industries AG, Archer Daniels Midland Company, CHR. Hansen Holdings A/S, ABF Plc, Cargill Inc., InVivo NSA, Suguna Foods, Nutreco NV, and DLG Group among others are some of the major players in the global poultry feed market. These players are set to bolster the development of poultry feed market in the coming future.

As per analysts at Zion Market Research, the global Poultry Feed market size was valued USD 128.72 billion in 2023 and is expected to rise to USD 232.69 billion by 2032 at a CAGR of 6.8%.

Increasing awareness for healthy protein diet leads to high requirement for poultry products. This boosts the poultry feed market, as per the analysts at Zion Market Research. Rising usage of poultry & meat products activates the development of poultry feed market. In addition to this, augmenting poultry business in developing nations resulted in the high development of poultry feed market. Although, increasing incidence of diseases such as bird flu might hinder the development of the poultry fee market. In addition to this, high maintenance and preliminary cost is expected to affect the development of poultry feed market.

Nevertheless, support and funding from the government for extending the poultry industry due to high profit and to deal with unmet demand from consumers is likely to unlock new opportunities in the years to come. For instance, in February 2018, EU Health and Food Safety Commissioner planned to authorize the addition of insect protein by 2019 in poultry feed after technical matters and regulation are sorted, thereby boosting the poultry feed market.

Increasing Population And High Profit From Import To Suffice The Growth Of The Poultry Feed Market In Asia Pacific

The poultry feed market is primarily ruled by North America. This majorly attributed to the inclusion of antibiotics in the feed and rising demand and usage for broiler. Asia Pacific is the most important area for poultry feed market and is expected to maintain its dominance in the years to come. Increasing population, high profit from import, change in preference for poultry products, and export of poultry items are likely to boost the demand for poultry feed market. The Middle East & Africa is expected to exhibit decent development due to rising requirement for poultry goods and rising disposable revenue. Production cost is favorable in Brazil, this factor resulted in high development of poultry feed market in Latin America.

Browse the full “Poultry Feed Market (Broilers, Layers, Turkeys And Other Types) By Additives (Amino Acids, Vitamins, Feed Enzymes, Antibiotics, Antioxidants And Feed Acidifiers): Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends And Forecast, 2024-2032.” Report at https://www.zionmarketresearch.com/report/poultry-feed-market

This report segments the poultry feed market as follows:

Global Poultry Feed Market: Type Segment Analysis

• Broiler
• Turkeys
• Layers
• Others

Global Poultry Feed Market: Additives Segment Analysis

• Amino acids
• Vitamins
• Feed enzymes
• Antibiotics
• Antioxidants 
• Feed acidifiers

 By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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