PUBLISHER: SkyQuest | PRODUCT CODE: 1636931
PUBLISHER: SkyQuest | PRODUCT CODE: 1636931
Global Broilers Feed Market size was valued at USD 125.2 billion in 2023 and is poised to grow from USD 133.09 billion in 2024 to USD 216.97 billion by 2032, growing at a CAGR of 6.3% during the forecast period (2025-2032).
Broiler chickens, bred from specific Cornish and Plymouth Rock strains, are raised in hatcheries for 8 to 10 weeks to achieve peak market readiness. The broiler farming industry has experienced significant growth in both urban and rural areas, enhancing the efficiency and economy of producing chicken meat and related poultry bioproducts. Advances in poultry health and productivity are largely attributed to specialized broiler feeds and their additives, which are utilized by farms of all sizes. This trend indicates a robust demand for broiler feed, emphasizing its critical role in the industry's expansion and positioning it as a key market driver in the forecast period. Insights suggest that investment in broiler feed will remain a priority for optimizing outputs.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Broilers 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 Broilers Feed Market Segmental Analysis
Global Broilers Feed Market is segmented by Type, Ingredient, Form, Distribution Channel and Region. Based on Type, the market is segmented into Starter Feed, Grower Feed and Finisher Feed. Based on Ingredient, the market is segmented into Cereal Grains, Oil Meals and Additives. Based on Form, the market is segmented into Mash, Pellets and Crumbles. Based on Distribution Channel, the market is segmented into Direct Sales and Indirect Sales. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Broilers Feed Market
The global broiler feed market is experiencing significant growth due to several factors, primarily the escalating global population. As more people seek affordable protein sources, poultry products have gained popularity, thanks to their cost-effectiveness and superior taste. Additionally, the rising per capita meat consumption worldwide, coupled with increased awareness of the health advantages associated with adequate protein intake, has further fueled demand for white meat. These elements collectively contribute to the robust growth trajectory of the broiler feed market, making it a pivotal component of the poultry industry as consumer preferences continue to evolve.
Restraints in the Global Broilers Feed Market
One significant restraint impacting the global broilers feed market is the volatility in raw material costs, which directly affects feed pricing. This instability can lead to increased expenses for producers, ultimately constraining market expansion. Additionally, adverse events that hamper agricultural production can further exacerbate these challenges, leading to reduced availability of essential feed ingredients. Consequently, these factors can impede the growth of the chicken feed market, as stakeholders grapple with rising costs and supply uncertainties that hinder their operational effectiveness and profitability in an already competitive landscape.
Market Trends of the Global Broilers Feed Market
The Global Broilers Feed market is experiencing notable growth, primarily driven by an increasing incorporation of feed additives aimed at enhancing nutritional value and efficiency in broiler production. The rising use of vitamin and mineral premixes, which significantly contribute to improving broiler weight and feed conversion ratios (FCR), underscores the industry's focus on optimizing animal health and productivity. Moreover, the integration of high-protein ingredients like BNB and soy dried oil cakes (DOC), alongside amino acids and enzymes, is enhancing the digestibility and bioavailability of essential nutrients. This trend highlights a growing commitment to achieving sustainable and efficient poultry farming practices globally.