Poultry Feed Market Size, Share, Growth Analysis, By Livestock (Layers, Broilers), By Additives (Antibiotics, Vitamins), By Feed Type, By Form, By Region - Industry Forecast 2024-2031

Global Poultry Feed Market size was valued at USD 207.40 billion in 2022 and is poised to grow from USD 217.5 billion in 2023 to USD 313.57 billion by 2031, growing at a CAGR of 4.70% during the forecast period (2024-2031).

The poultry feed market is evolving, driven by a growing awareness among farmers about the nutritional needs of domestic birds such as ducks, turkeys, chickens, and geese. Modern formulations focus on meticulously selecting and blending ingredients to deliver a highly nutritious diet that promotes the health of poultry while enhancing the quality of meat, eggs, and other outputs. Key nutritional components, including minerals, vitamins, carbohydrates, proteins, and water, are critical to supporting the growth, reproduction, and overall well-being of these birds. Carbohydrates and fats serve as essential energy sources for development, while protein becomes crucial when the intake of carbohydrates and fats is insufficient. The increasing realization of the detrimental effects of anti-nutritional factors-such as phytic acid-coupled with the risks associated with uncontrolled feed intake on poultry digestive health, is contributing to heightened demand for specialized poultry feeds. As a result, this market shift emphasizes the importance of balanced nutrition in poultry farming practices, catering to the need for improved health and productivity in poultry operations.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Poultry Feed market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Poultry Feed Market Segmental Analysis

Global Poultry Feed Market is segmented by Livestock, Additives, Feed Type, Form, and region. Based on Livestock, the market is segmented into Layers, Broilers, Turkeys, and Others. Based on Additives, the market is segmented into Antibiotics, Vitamins, Antioxidants, Amino Acid, Feed Enzymes, Feed Acidifiers, and Others. Based on Feed type, the market is segmented into Wheat, Barley, Fish Meal, Others. Based on Form, the market is segmented into Granules, Pellets, Powders, Others. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.

Driver of the Global Poultry Feed Market

The global poultry feed market is primarily driven by an expanding population, which contributes to a rising demand for affordable poultry products. With poultry-based items gaining popularity due to their cost-effectiveness and changing consumer preferences, the demand for white meat is further reinforced by increasing per capita meat consumption and heightened awareness of the advantages of protein-rich diets. Additionally, significant economic advancements in regions such as Asia-Pacific and the Middle East and Africa (MEA) have led to a surge in meat production and consumption, further fueling the growth of the poultry sector and, consequently, the poultry feed market.

Restraints in the Global Poultry Feed Market

The global poultry feed market faces significant challenges primarily due to its reliance on raw material costs, which can be volatile. Fluctuations in the prices of essential ingredients directly influence the overall cost of poultry feed. Additionally, any adverse events, such as natural disasters or other disruptions in agricultural production, can severely impact the yield and availability of raw materials. Consequently, these factors may hinder the growth of the poultry feed market, making it susceptible to the dynamics of farming production and overall market stability. Understanding these restraints is crucial for stakeholders aiming to navigate this complex landscape effectively.

Market Trends of the Global Poultry Feed Market

The global poultry feed market is experiencing a significant shift towards the incorporation of feed additives, such as vitamins, minerals, enzymes, and pro- and prebiotics, aimed at enhancing feed conversion ratios (FCR) and overall poultry health. This trend is not only driven by a growing awareness among farmers regarding the nutritional benefits of these additives but also by heightened consumer demand for healthier and more sustainably sourced poultry products. Consequently, this shift is leading to an increased uptake of conventional feed, thereby stimulating market growth. As a result, the market is poised for robust expansion throughout the forecast period as innovation in feed formulation continues to evolve.