Poultry Feed Market Forecast 2016 to 2021 | Opportunities, Trends and Industry A

Posted by rohan on March 30th, 2018

The Global Poultry Feed Market was worth USD 6.96 billion in 2016 and estimated to be growing at a CAGR of 6.10%, to reach USD 9.35 billion by 2021. Globally, there has been an increase in the Poultry Feed Market and this market is showing great potential in the forecast period. Poultry Feed is the food given to the farm animals mainly, chickens, turkeys or any other animals which give meat.  The objective of poultry feed is to make the farm animals healthier so that they can provide better meat or other products, like eggs.

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For poultry feed to be healthy, it should contain lots of protein and carbohydrates, along with sufficient amount of vitamins, minerals and adequate amount of water. With the increase in demand of meat and eggs, market has also grown a lot. Hence, the research to make better poultry feed has increased and there have been many developments since the early 2000s. Critical relocation of feed demand from west to east in 2000s is leading to increased outputs of formulated compound feeds.

With the increase in spending capabilities of people due to increased incomes of people, more urbanisation, mainly drivers moving to big cities, and increasing population, there has been a huge increase in demand of the animal protein, especially meat and eggs, hence triggering the increase in demand of poultry feed and additives. In addition, people’s increasing fondness of eating outside at fancy restaurants is also driving this market. There has also been an increase in the poultry related diseases in the recent past, so it is the factor that is concerning people and taking away from poultry products which affects the poultry feed market.

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The Global market for Poultry Feed is broadly categorized into type of poultry product and feed additives needed for poultry feed. Based on type of poultry product, the market is further segmented into Broilers, Turkeys, Layers and others. On the basis of feed additives needed for poultry feed, market is further segmented into amino acids, feed enzymes, antioxidants, vitamins, antibiotics and feed acidifiers. Feed acidifiers attribute to the largest share among all other poultry additive segments, globally.

On the basis of geography, the global market is analysed under various regions namely North America, Europe, Middle East & Africa, Asia-Pacific and Latin America. With the shift in demand of poultry products from west to east, Asia-Pacific region is the fastest growing region among all the other regions mentioned while North America is having the largest share of market.

Some of the major companies dominating the market, by their products and services include JBS S.A. (Brazil), Tyson Foods (U.S.), BRF (Brazil), CP Group (Thailand), Wen’s Food Group (China), Royal DSM N.V. (The Netherlands), Charoen Popkhand Foods (Thailand) and ADM (Archer Daniels Midland Company) (U.S).

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• The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter’s Five Forces
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