PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1485291
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1485291
Poultry feed market size is anticipated to grow at over 6.1% CAGR between 2024 and 2032, driven by the increasing demand for poultry products, including meat and eggs, as a source of protein. As per reports, in China, the yearly consumption of eggs amounts to 34.55 million tons. Lately, the need for high-quality and nutritionally balanced feed to support the health and productivity of poultry flocks has significantly surged. Advancements in feed technology and formulation have enabled manufacturers to develop specialized feeds tailored to the nutritional requirements of different poultry species and production stages.
Moreover, consumers are increasingly seeking poultry products from animals raised on natural and nutritious diets, free from antibiotics and harmful additives. Consequently, poultry producers are under pressure to adopt sustainable and ethical farming practices, including the use of quality feed ingredients to enhance the nutritional profile of poultry products. Furthermore, government regulations and initiatives aimed at promoting food safety, animal welfare, and environmental sustainability will influence the market growth by encouraging the adoption of innovative feed solutions.
The poultry feed industry is segmented based on type, source, form, nature, sales channel and region.
Based on source, the market size from the soybean segment will record 6.5% growth rate during 2024 and 2032, due to its exceptional nutritional value and versatility as a feed ingredient. Soybean is rich in protein, essential amino acids, and energy, making it an ideal component in poultry diets for supporting growth, muscle development, and overall health. Soybeans are also non-GMO and widely available, providing poultry producers with a reliable and consistent feed ingredient.
As per form, the crumble segment in the poultry feed market is slated to depict 7.4% CAGR between 2024-2032, owing to its convenience and efficacy in meeting the nutritional requirements of poultry at different life stages. Crumble feed, characterized by its finely ground texture, offers improved digestibility and palatability, making it an attractive option for young and growing poultry. Crumble feed is also particularly beneficial for chicks and pullets, as well as for small or newly hatched birds that may struggle with larger feed particles.
Europe poultry feed industry size will witness rapid expansion at 5.7% CAGR between 2024-2032, attributed to stringent regulations and standards regarding food safety and animal welfare. The increasing consumer demand for organic and antibiotic-free poultry products in the region has prompted poultry producers to adopt specialized feed options to promote healthier and more sustainable farming practices. Moreover, rising investments in R&D is further enabling several manufacturers to develop customized feed solutions tailored to the nutritional needs of different poultry species and production systems.