Poultry Feed Market Size 2023: Growth, Share, Industry Trends And Report Analysis By 2028

Industry Overview of Poultry Feed Market

Poultry feed is a vital component of modern poultry production that constitutes a specialized blend of nutrients formulated to meet the specific dietary requirements of domesticated birds raised for meat and egg production. It comprises a mixture of grains, proteins, vitamins, and minerals that serves as the primary source of sustenance for poultry flocks, ensuring optimal growth, egg production, and overall health. It can be tailored to the distinct needs of different bird species and their respective life stages. Poultry feed plays a pivotal role in supporting the development of robust skeletal structures, efficient egg production, and the overall vitality of the flock. It assists in promoting efficient weight gain and robust skeletal development in birds, ensuring they reach their full potential. It provides essential nutrients, such as calcium, phosphorus, and vitamin D, that help support strong eggshell formation and overall reproductive health. It offers additives like probiotics, prebiotics, and immune-boosting compounds that enhance the disease resistance of birds. It also supports a balanced gut microbiome, strengthens the immune system, and mitigates the risk of common poultry ailments, reducing the need for antibiotics and promoting animal welfare. At present, there is a rise in the demand for high-quality and nutritionally balanced poultry feed, serving as the cornerstone of productive and sustainable poultry farming practices around the world.

How Big Is the Poultry Feed Market

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.

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Poultry Feed Market Trends and Drivers:

The escalating demand for poultry products, including meat and eggs, due to the rising population and changing dietary preferences represents one of the key factors supporting the growth of the market. This burgeoning demand places significant pressure on poultry farmers to optimize production efficiencies and maximize output. Consequently, the need for nutrient-rich, performance-driven poultry feed is increasing, with an emphasis on formulations that enhance growth rates, egg-laying capacity, and overall bird health. Moreover, technological advancements in feed formulation and manufacturing processes are strengthening the growth of the market. Besides this, the integration of precision nutrition, which involves tailoring feed formulations based on specific nutritional needs and genetic traits of different bird breeds, is leading to unprecedented improvements in feed efficiency and animal welfare. This approach not only minimizes resource wastage but also optimizes feed utilization, translating into cost savings for poultry producers. In addition, the growing trend toward sustainable and eco-conscious practices within the poultry industry is offering a favorable market outlook. In line with this, consumers are increasingly concerned about the environmental impact of poultry farming, prompting a shift towards ethically sourced and environmentally friendly poultry products. Consequently, the rising demand for organic and natural feed ingredients, devoid of synthetic additives and antibiotics, is offering lucrative growth opportunities to industry investors.

What Is Included In Market Segmentation?

The report has been segmented the market into following categories:

Breakup by Nature:

Breakup by Form:

Breakup by Additives:

Breakup by Animal Type:

Breakup by Distribution Channel:

Breakup by Region:

The report provides a comprehensive analysis of the industry key players listed below:

AFGRI Animal Feeds, Alltech, Archer-Daniels-Midland Company, BASF SE, Cargill Inc., Charoen Pokphand Foods Public Company Limited, Chr. Hansen Holdings A/S, De Heus Animal Nutrition, ForFarmers N.V., Kent Nutrition Group (Kent Corporation), Koninklijke DSM N.V. and Novus International Inc. (Mitsui & Co. (U.S.A.) Inc.).

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