Poultry Feed is invariably consumed in most parts of the world. The concept of animal feed has been there in the market for several years mainly in the established markets. Global Poultry Feed market was valued, in 2017 USD XX million and in 2024 is expected to reach at USD XX million with growing CAGR of XX%.
The global Poultry Feed market is growing due to increasing animal protein demand and rising per capita income and widespread poultry diseases. In addition, growth of domestic and international quick service restaurants in emerging countries and demand for quality meat products by consumers has meaningfully contributed to the rising demand of poultry feed those regions. In 2014, Asia Pacific was the major market in terms of poultry feed demand and income and would continue to ruled the market for several factors. The market growth is credited to the higher standard of living among consumers coupled with shift towards away-from-home-eating. Manufacturers are strictly working with the factory farmers to direct them towards advanced yield of poultry thereby growing their return on investment (ROI).
Poultry Feed market is very competitive and fragmented, the market consists of various players, few key players of the market are Nutreco NV, Charoen Popkhand Foods, Alltech Inc., DLG Group, ABF Plc (Associated British Food), ADM (Archer Daniels Midland Company), BASF (Badishce Anilin und Soda Fabrik), Evonik Industries AG, CHR.Hansen Holdings A/S, Cargill Inc., Novus International Inc., Royal DSM N.V., and InVivo NSA. among others.
The Poultry Feed market is classified into additives, type and region. Based on the additives the Poultry Feed market is bifurcated into antibiotics, vitamins, antioxidants, amino acids, feed enzymes and feed acidifiers. It is expected that in the coming years feed acidifiers to dominate the poultry feed market. Moreover, on the basis of type the market is classified into layers, broilers, turkey and others.
Further, on the basis of region the market is segmented into North America, Europe, APAC, Latin America and Middle East & Africa. In the forecast period Asia-pacific hold most of the global Poultry Feed market share followed by North America.
Market segmented based on medium of additives:
• Amino acids
• Feed enzymes
• Feed acidifiers
Market segmented based on medium of application:
Market segmented based on region:
• North America
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Rest of Latin America
• Middle East and Africa (MEA)
• South Africa
• Saudi Arabia
• Rest of MEA