Global Poultry Feed Market by Livestock (Broilers, Layers, Turkeys), by Additives (Feed Enzymes, Vitamins, Feed Acidifiers, Amino Acid, Antibiotics) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2018, the global poultry feed market was worth USD 175.9 trillion, growing at a 4.5% CAGR over the forecast period. This is mainly due to an increase in poultry farming to meet the growing demand for chicken meat and eggs worldwide.

Because poultry is one of the most cost-effective sources of protein, demand for meat and eggs continues to grow. The United States Department of Agriculture (USDA) predicts that the global chicken meat production will grow by 2% to 97.8 millions tons in 2019.

The income factor and population heavily influence the demand for poultry products. The expected growth rate for packaged poultry feed will be higher than traditional poultry feed. This is expected to create new opportunities for industry players.

Suppliers play a crucial role in the poultry feed market, as quality and price are two of the most important factors. In order to keep prices under control, poultry feed producers will likely increase their participation in raw material production. This is expected to alter the market's procurement strategies.

Due to the many market players competing to produce products that can be used in many applications, this industry is extremely competitive. Manufacturers are being challenged to create innovative products due to the high level of competition. There is intense competition on the market among major players like Midland, Archer Daniels, Cargill, Kemin Industries, Lallemand, Inc.

Livestock Insights

The largest segment was the broilers, which accounted for over 65% of the market in 2018 in terms both revenue and volume. The segment's growth was driven by a growing demand for chicken meat due to its high protein content. Broilers are raised specifically for meat production.

Broilers farming is seeing an increase in demand due to its low cost and high protein content. Broilers farming is dependent on proper nutrition. Broiler needs 13 vitamins, one essential fat acid, 13 amino acids and 14-16 minerals. They also need a source for energy to ensure balanced nutrition.

The layers segment, which accounts for approximately 30% of the global poultry feed market volume, was the second-largest in 2018. The primary purpose of layers is to raise eggs. The world is experiencing an increase in population, which means that there is a growing demand for food and other energy resources. This is causing a rise in the global production of layer.

The main demand drivers for growth in the layers segment are rising egg consumption per capita and the increase in global population. Canada, Mexico and the U.S. emerged as important markets due to their higher egg consumption, availability of different raw materials for feed and consumers' preference for poultry products.

Additive Insights

The amino acid segment was the most profitable in terms of revenue and volume in 2018. It is expected to continue its remarkable growth in the future. The amino is a key source of protein, and therefore highly important in poultry nutrition. Because of its high protein content, amino acids help reduce the amount of soybean meal included in monogastric animals' diets.

Vitamins are an organic group that is required in small amounts for feed. Vitamins play an important role in the regulation of normal body functions, reproduction, growth, and other factors. You can categorize them into two groups: water-soluble and fat soluble vitamins.

Ethoxyquin, one of the most widely used synthetic antioxidants, is a very popular choice. Ethoxyquin is also an economic antioxidant and is used in canned pet food. Unfortunately, demand has declined for this antioxidant in recent years due to negative consumer perceptions as well as side effects of synthetic antioxidants.

Regional Insights

Asia Pacific was the largest market in 2018, with a 34.8% market share. Asia Pacific's large population and growing disposable incomes will likely drive market growth at a rapid pace. Asia Pacific, led by emerging economies like China, India, Malaysia, has a competitive advantage over other regions due to the abundance of low-cost labor as well as agricultural land. Due to its large population and rising disposable incomes, the region will likely grow at the fastest pace in terms of revenue and volume over the forecast period.

Nearly 35 companies are involved in the raising and processing chickens in the United States. They are integrated vertically throughout the entire poultry value chain which ensures the quality of the product. The European poultry feed industry is highly regulated and driven by innovation.

The European market is also highly regulated on a conventional basis in terms of both human health and the environment. These changes result in frequent changes to the guidelines for feed additives in terms of restrictions and bans. The market will grow due to increased broiler production in Europe, and the preference of consumers for poultry products because they are cheaper than other alternatives. Spain was a key demand driver in the European market.

Market Share Insights & Key Companies

There are many companies in the industry: Royal DSM N.V., Alltech Inc., Novus International Inc., Evonik Industries, Kent Nutrition Group, Inc., and BASF. Manufacturers of poultry feed aim to grow their business and strengthen their market position by implementing various strategies, such as joint ventures, acquisitions, product launches, product promotion, research and development investments, and new product launches.

There will be more opportunities for new players and emerging regional players, particularly in developing countries. Market growth is expected to be boosted by rising government initiatives and increasing foreign investment in the developing agricultural sector, especially in China and India.

Poultry Feed Market Scope

The Report Covers Certain Segments

This report predicts revenue growth at both the country and regional levels. It also provides analysis of industry trends for each sub-segment from 2014 through 2025. Grand View Research has divided the global poultry feed market report by region, livestock, additives and region.

• Livestock Outlook (Volume of Kilotons; Revenues, USD Millions, 2014-2025)

  • Layers

  • Broilers

  • Turkey

  • Other

• Additives Outlook (Volume of Kilotons; Revenues, USD Millions, 2014-2025)

  • Antibiotics

  • Vitamins

  • Antioxidants

  • Amino Acid

  • Feed Enzymes

  • Feed Acidifiers

  • Other

• Regional Outlook (Volume of Kilotons; Revenues, USD Million, 2014-2025)

  • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

    • Indonesia

    • Vietnam

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa

    • South Africa

These are the most frequently asked questions about this report

b. Global poultry feed market size was USD 182.1 billion in 2019, and is forecast to rise to USD 189.0 in 2020.

b. Global poultry feed market will grow at a compound annual rate of 4.5% between 2019 and 2025, reaching USD 238.9 trillion by 2025.

b. With a 36.7% share in 2019, Asia Pacific was the dominant market for poultry feed. This can be attributed to increased poultry farming to meet the growing demand for chicken eggs and meat globally.

b. Royal DSM N.V., Alltech Inc., Novus International Inc., Evonik Industries, Kent Nutrition Group, Inc., and BASF are some of the key players in the poultry feed market.

b. The market growth is driven by increasing demand for eggs, poultry meat, and other factors. Because poultry is one of the most affordable sources of protein, it is one of the key drivers.

Up Market Research published a new report titled “Poultry Feed Market research report which is segmented by Livestock (Broilers, Layers, Turkeys), by Additives (Feed Enzymes, Vitamins, Feed Acidifiers, Amino Acid, Antibiotics), By Players/Companies Inc; and BASF, Royal DSM NV; Alltech Inc; Novus International Inc; Evonik Industries; Kent Nutrition Group”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Poultry Feed Market Report Segments:

The market is segmented by Livestock (Broilers, Layers, Turkeys), by Additives (Feed Enzymes, Vitamins, Feed Acidifiers, Amino Acid, Antibiotics).

Poultry Feed Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Poultry Feed Market

Overview of the regional outlook of the Poultry Feed Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Poultry Feed Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Poultry Feed Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Broilers

                2. Layers

                3. Turkeys

                1. Feed Enzymes

                2. Vitamins

                3. Feed Acidifiers

                4. Amino Acid

                5. Antibiotics

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Poultry Feed Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Poultry Feed Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.