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Poultry Feed Market Size to Reach US$ 257.4 Billion, CAGR 4% and Forecast By 2028 | IMARC Group

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Poultry Feed Market Size to Reach US$ 257.4 Billion, CAGR 4% and Forecast By 2028 | IMARC Group

April 17
17:25 2023
Poultry Feed Market Size to Reach US$ 257.4 Billion, CAGR 4% and Forecast By 2028 | IMARC Group
Poultry Feed Market Report 2023-2028
The global poultry feed market size reached US$ 202.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 257.4 Billion by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.

The latest research study “Poultry Feed Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global poultry feed market size reached US$ 202.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 257.4 Billion by 2028 exhibiting a CAGR of 4% during 2023-2028.

What is Poultry Feed Market?

Poultry feed represents specialized formulations produced for poultry, including chicken, geese, ducks, and other domestic birds. They are prepared using cereal, barley, wheat, sorghum, grains, oats, protein meals, fats, oils, etc., and are available in multiple forms, such as mashed, pellets, crumbles, etc. Poultry feed items provide the energy required for the development of the flesh, bone, feathers, and eggs of flocks. They even help improve the quality of poultry products. As a result, poultry feed products are in extensive demand among poultry farmers across the globe.

Request For Sample Report- https://www.imarcgroup.com/poultry-feed-market/requestsample

What Are The Key Factors Driving The Poultry Feed Market ?

The increasing poultry production and the rising consumption of eggs and meat across countries, on account of the elevating shift toward protein-rich diets, are among the key factors driving the poultry feed market. Additionally, the escalating requirement for chicken meat, owing to its affordability, ready availability, and lower fat content, which helps reduce cardiovascular diseases (CVDs) and type 2 diabetes mellitus, is acting as another significant growth-inducing factor.

Moreover, the growing utilization of automatic feeders and drinkers to enhance feeding in poultry farming is also positively influencing the global market. Apart from this, the introduction of modern poultry feed variants that are produced by carefully selecting and blending ingredients to offer a highly nutritional diet that aids in maintaining the health of the animals and enhancing the quality of poultry products is further stimulating the market growth. Besides this, the inflating investments in research and development (R&D) activities to help agricultural scientists focus on experimentation and chemical analysis to introduce improvements in existing animal diets are expected to bolster the poultry feed market over the forecasted period.

Breakup by Nature:

  • Conventional
  • Organic

 

Breakup by Form:

  • Mashed
  • Pellets
  • Crumbles
  • Others

 

Breakup by Additives:

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

 

Breakup by Animal Type:

  • Layers
  • Broilers
  • Turkey
  • Others

 

Breakup by Distribution Channel:

  • Offline
  • Online

 

By Geography:

North America: (United States, Canada)

Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)

Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)

Latin America: (Brazil, Mexico, Others)

Middle East and Africa

 

Competitive Scenario with Key Players:

AFGRI Animal Feeds

Alltech

Archer-Daniels-Midland Company [NYSE: ADM]

BASF SE [OTCMKTS: BASFY]

Cargill Inc.

Charoen Pokphand Foods Public Company Limited [OTCMKTS: CHPFF]

Chr. Hansen Holdings A/S [OTCMKTS: CHYHY]

De Heus Animal Nutrition

ForFarmers N.V. [AMS: FFARM]

Kent Nutrition Group (Kent Corporation)

Koninklijke DSM N.V.[OTCMKTS: KDSKF]

and Novus International Inc. (Mitsui & Co. (U.S.A.) Inc.).

 

Click Here To View Detailed Information With Table Of Content: https://www.imarcgroup.com/poultry-feed-market

 

Key highlights of the report:

Market Performance (2017-2022)

Market Outlook (2023- 2028)

Porter’s Five Forces Analysis

Market Drivers and Success Factors

SWOT Analysis

Value Chain

Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

 

Browse More Industry Research Reports:

Global Food Grade Alcohol Market Research Report- https://www.imarcgroup.com/food-grade-alcohol-market

Global Frozen Bakery Products Market Research Report- https://www.imarcgroup.com/frozen-bakery-products-market

 

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Services Private Limited.

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Sheridan, WY 82801 USA – Wyoming

Email: [email protected]

Tel No:(D) +91 120 433 0800

Americas:- +1 631 791 1145 |

Africa and Europe :- +44-702-409-7331 |

Asia: +91-120-433-0800, +91-120-433-0800

Media Contact
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