Poultry Feed Market Research, 2031
The global poultry feed market was valued at $110.8 billion in 2020, and is projected to reach $217.7 billion by 2031, growing at a CAGR of 6.3% from 2022 to 2031.
Farmers use poultry feed to feed poultry birds such as ducks, turkeys, chickens, geese, and other domestic birds. Modern feed is made by carefully selecting and mixing ingredients to offer a highly nutritional diet that protects the health of poultry birds while also improving the quality of end products such as meat and eggs. Minerals, vitamins, carbs, proteins, and water are the primary elements that poultry birds require for development, reproduction, maintenance, and health. Carbohydrates and lipids provide majority of the energy required for development. Furthermore, protein is an important source of energy for poultry birds, especially if carbohydrate and fat intake is minimal. The lack of anti-nutritional elements such as phytic acid, as well as the effect of unprescribed feed intake on the digestive tract of poultry birds, is increasing the demand for poultry feed.
Rise in worldwide population is a crucial element that is likely to drive the growth of the global poultry feed industry. Furthermore, consumption of poultry-based products has increased significantly around the world, owing to their low cost and a shift in customer taste toward white meat rather than red meat. Furthermore, increased awareness regarding protein intake in daily diet is a critical component in increasing global per capita meat consumption. Furthermore, high economic expansion in Asia-Pacific and MEA countries has increased meat production and consumption in these regions, which is significantly driving the market growth.
Increase in demand for poultry meat products is the primary driver of the poultry feed industry. Other factors contributing to the market's growth include rise in industrial livestock production and surge in demand for organic feed. Because poultry requires 60% protein, 13% fat, and 3% calcium, the requisite nutrient content is mostly provided by poultry by-products and fish meal. The by-product accounts for approximately 50% of the live market weight of ruminants and 30% of the live market weight of poultry. These byproducts are converted, pulverised, and made accessible as a poultry feed source. Poultry meat consumption is increasing globally, rising from 119,205.21 metric tonnes in 2018 to 120,884.63 metric tonnes in 2019 (OECD, 2020).
The demand for poultry products is significantly influenced by population and income. When compared to traditional chicken feed, packaged poultry feed is likely to develop at a faster rate, creating new opportunities for industry participants.
The quality and pricing of feed products have emerged as two of the most important variables in this market, and suppliers are playing an important role in the poultry feed sector. To keep pricing in check, chicken feed companies are likely to strengthen their involvement in raw material production, which is expected to modify market procurement practices.
In terms of chicken numbers and output per bird, China's poultry sector has grown rapidly during the last two decades. Higher production levels are connected with the spread of intensive systems with high food conversion ratios. The share of poultry output in China's total animal production increased, increasing much faster than pork production. The demand for poultry feed remains high in Asia-Pacific growing nations such as China and India. This results in a greater usage of quality feed for a larger poultry population. Furthermore, global poultry meat output is increasing, with Asia-Pacific accounting for two-thirds of the market share.
The poultry feed market is segmented on the basis of nature, feed type, distribution channel, and region. By feed type, the market is classified into complete feed, concentrates, and premix. The market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
On the basis of nature, the market is divided into conventional and organic. The fast-growing poultry feed business necessitates quick manufacturing and demands for continuous supply for poultry feed. Conventional feed contains the same amount of nourishment as organic feed, if not more in some cases. Conventional poultry rations typically include a variety of cereals such as maize, rice, wheat, oat, and barley, as well as a few cereal byproducts such as wheat-bran or rice polish, as well as animal and vegetable protein sources such as fish-meal, meat-meal, soybean-oil-meal, groundnut-cake, and others, depending on availability. The entire meal is enriched with sufficient minerals and vitamins, either chemically or through food known to be high in these components. Such benefits contributed to hold the maximum share during the poultry feed market forecast.
By Nature
The Organic segment is the fastest growing segment throughout the forecasted period.
On the basis of feed type, the market is segmented into completed feed, concentrates, and premix. By feed type, the complete feed segment led the market in 2021, and is expected to continue this trend throughout the forecast period. This is attributed to low cost of complete feed and its higher production.
By Feed Type
The Complete Feed segment is the fastest growing segment throughout the forecasted period.
On the basis of distribution channels, market is divided into offline and online. Physical routes to market continue to be the most popular channel for purchasing poultry feed. As the market for feed is growing and presence of poultry feed on online sales channel is increasing, online sales channels are anticipated to grow at the fastest growth rate during the forecast period.
In terms of region, Asia-Pacific was the largest market for poultry feed in 2020, owing to population growth and rising need for food to meet the needs of the growing population. Furthermore, an increase in government initiatives to enhance meat production to satisfy rising demand in the region is likely to drive market expansion. According to the FAO, annual meat consumption in China alone is expected to rise from 50 kilogrammes per capita today to 70 kg per capita by 2030. Furthermore, increased urbanisation and rising disposable income in the region are likely to be the primary market drivers.
The market analysis focuses on the Poultry Feed market growth prospects, restraints, and opportunities of the global market. The study provides Porter’s five forces analysis to understand the impact of various factors such as competitive intensity of competitors, bargaining power of suppliers, threat of substitutes, threat of new entrants, and bargaining power of buyers of the poultry feed market share.
The top market players in the global poultry feed market include Cargill Inc., Cargill Inc., Land O’Lakes, Inc., Tyson Foods, Inc., Alltech, ADM Animal Nutrition, Perdue Farms Inc., J.D. Heiskell & Co., Kent Nutrition Group, Inc., Hi-Pro Feeds, Inc., and Southern States Cooperative.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the poultry feed market analysis from 2020 to 2031 to identify the prevailing poultry feed market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the poultry feed market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global poultry feed market size.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global poultry feed market trends, key players, market segments, application areas, and market growth strategies.
Poultry Feed Market Report Highlights
| Aspects | Details |
 By Nature |
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 By Feed Type |
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 By DISTRIBUTION CHANNEL |
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 By Region |
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 Key Market Players | Hosokawa Micron Corp., Tetra Laval International S.A., Berkshire Hathaway Inc., NICHIMO CO., LTD., Anko Food Machine Co. Ltd., Bucher Industries, John Bean Technologies Corporation (JBT), SPX Corporation, GEA Group, Mallet & Company, Inc. |
Analyst Review
The global poultry feed market has great development potential and is predicted to expand significantly over the next six years. This is due to lax government rules aimed at promoting the poultry business, adoption of modern technology such as artificial intelligence to boost processing plant efficiency, and expansion of poultry infrastructure.
Rise in preferences for animal protein, global growth of the egg and poultry industries, increase in population, surge in health awareness about protein consumption, and increase in per capita meat consumption are some of the factors anticipated to boost the growth of the poultry feed market during the forecast period. On the other hand, the prevalence of low-cost feed and surge in preferences for white meat are anticipated to increase the number of chances that will lead to the expansion of the poultry feed market throughout the projection period.
A recent study found that food and agribusiness have a significant social, economic, and environmental impact, accounting for 10% of worldwide consumer expenditure. Although productivity gains in the past have allowed for an increase in food supply in many parts of the world, feeding the world's population has resurfaced as a crucial concern. According to a United Nations report, the global population is anticipated to rise from 7,630 million in 2018 to 9,772 million by 2050. As a result, crop demand, human consumption, and animal feed stock need are predicted increase by two-fold. Furthermore, it is projected that numerous sources of erosion, such as water erosion and soil erosion, have destroyed more than 20% of arable land. The lack of critical resources is projected to stymie agricultural productivity. As a result, all these factors are expected to increase the global demand for poultry meat and meat products.
The global poultry feed market was valued at $110,801.0 million in 2020 and is projected to reach $217,717.8 million by 2031.
The global poultry feed market registered a CAGR of 6.3%.
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The forecast period mentioned in the report is from 2022–2031.
The top market players in the global poultry feed market include Cargill Inc., Cargill Inc., Land O’Lakes, Inc., Tyson Foods, Inc., Alltech, ADM Animal Nutrition, Perdue Farms Inc., J.D. Heiskell & Co., Kent Nutrition Group, Inc., Hi-Pro Feeds, Inc., and Southern States Cooperative.
The Poultry Feed Market report has 3 segments. The segments are by nature, by feed type, and by distribution channel.
Most emerging countries are China, with a CAGR of 8.6%, and India, with a CAGR of 8.1%.
Asia-Pacific will dominate the poultry feed market by the end of 2031.
As restrictions and lockdown measures are eased and the economy begins to revive, the result will be that economic recovery will be rapid, supply-chain disruptions will persist, and consumer demand will recover gradually.
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