Poultry Feed Market Forecasts to 2030 - Global Analysis By Product Type (Broiler, Layer, Turkey and Other Product Types), Ingredient Type, Additive Type, Source, Form, End User and By Geography

According to Stratistics MRC, the Global Poultry Feed Market is accounted for $121.3 billion in 2023 and is expected to reach $193.5 billion by 2030 growing at a CAGR of 6.9% during the forecast period. Poultry feed refers to the specialized food formulated and provided to domesticated birds raised for their meat, eggs, or feathers. These birds typically include chickens, ducks, turkeys, geese, and quail, among others. Poultry feed is designed to meet the nutritional requirements of each species and stage of growth, ensuring optimal health, growth, egg production and meat quality. It usually consists of a balanced mix of grains, protein sources, vitamins, minerals, and sometimes additives like antibiotics or probiotics, depending on the specific needs of the birds and the farming practices employed.

According to dsm-firmenich, there is a rise in the prevalence of viral arthritisleg weakness in poultry birds. As per estimates, 5.5% to 48.8% of birds have compromised gait, which is a result of nutritional deficiencies.

Market Dynamics:

Driver:

Rising demand for poultry meat

The market is witnessing a surge in demand for poultry meat, driven by factors like population growth, rising incomes, and dietary preferences. Consumers are increasingly turning to poultry products due to their affordability, nutritional value, and versatility in cooking. This trend is expected to continue growing as the poultry industry focuses on improving production efficiency, sustainability, and animal welfare practices to meet the rising global demand for high-quality poultry meat.

Restraint:

Competition from alternative proteins

Plant-based proteins, insect-derived meals, and synthetic amino acids are gaining traction due to sustainability concerns and technological advancements. This shift challenges the dominance of conventional feed sources like soybean meal and fishmeal, prompting industry players to innovate and diversify their offerings. Strategies focusing on cost-efficiency, nutritional value, and environmental impact are pivotal in navigating this evolving landscape.

Opportunity:

Surge in demand for organic feed

The market is witnessing a notable surge in demand for organic feed, reflecting a growing consumer preference for natural and sustainable products. This shift is driven by concerns over the use of synthetic additives and chemicals in conventional feed. Organic feed offers a more environmentally friendly and health-conscious alternative, aligning with the increasing awareness about food quality and safety among consumers. This trend underscores a significant opportunity for organic feed producers in the poultry industry.

Threat:

High raw material prices

The market is grappling with soaring raw material prices, creating significant challenges for industry players. The cost escalation, especially in key ingredients like grains and proteins, has led to higher production expenses, squeezing profit margins. Producers are under pressure to manage these costs efficiently while ensuring the quality and nutritional value of their feeds remain uncompromised. This situation underscores the critical need for strategic pricing and supply chain management strategies within the poultry feed sector.

Covid-19 Impact:

The COVID-19 pandemic significantly impacted the poultry feed market. Disruptions in the supply chain led to increased costs of raw materials, affecting production and distribution. Fluctuating demand due to lockdowns and economic uncertainties further strained the market. However, a shift towards home cooking and healthy eating trends boosted poultry consumption, partially offsetting the negative effects. Overall, the market witnessed challenges but also opportunities for adaptation and innovation in response to the pandemic's effects.

The broiler segment is expected to be the largest during the forecast period

The broiler segment is expected to be the largest during the forecast period. Factors such as rising consumer awareness about protein-rich diets, technological advancements in feed formulations, and emphasis on animal welfare contribute to the segment's growth. Broiler feed manufacturers focus on developing nutritionally balanced feeds to optimize growth rates, meat quality, and feed conversion ratios, ensuring profitability for farmers and meeting the evolving preferences of consumers.

The vitamins segment is expected to have the highest CAGR during the forecast period

The vitamins segment is expected to have the highest CAGR during the forecast period. Key players in the industry are focusing on developing innovative vitamin formulations that enhance poultry health and productivity. Rising awareness among poultry farmers regarding the importance of balanced nutrition is also contributing to market expansion. Additionally, advancements in feed technology and stringent regulations regarding animal nutrition are further shaping the dynamics of the market.

Region with largest share:

North America is projected to hold the largest market share during the forecast period due to diverse range of products catering to the needs of poultry farmers. With a focus on nutritional quality, efficiency, and sustainability, key players in the market continually innovate to meet the demands of a growing poultry sector. Factors such as technological advancements, rising consumer awareness regarding healthy poultry products, and stringent regulatory standards contribute to the market's steady growth trajectory in the region.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period. The growth of the poultry feed market is propelled by factors such as urbanization, rising disposable incomes, changing dietary preferences, and an expanding middle class that prefers protein-rich diets, including poultry products. The market has seen advancements in feed formulations, incorporating additives, enzymes, and probiotics to improve feed efficiency, enhance poultry health, and reduce environmental impact.

Key players in the market

Some of the key players in Poultry Feed market include John Bean Technologies Corporation, Hosokawa Micron Corporation, Associated British Foods Plc, BASF SE, ForFarmers N.V., Anko Food Machine Co. Ltd., Berkshire Hathaway Inc., Bucher Industries, Tetra Laval International S.A., SPX Corporation, NICHIMO CO. LTD., Mallet & Company Inc. and GEA Group.

Key Developments:

In November 2023, Refit Animal Care, a manufacturer and supplier of high-quality animal feed and supplements, launched two new products of pigeon feed supplements to enhance poultry health and productivity.

In April 2022, Cargill invested USD 50 million toward developing R&D in China, near Elk River, Minnesota, and a facility in the Netherlands to research and build animal nutrition and feeds.

Product Types Covered:

• Broiler
• Layer
• Turkey
• Other Product Types

Ingredient Types Covered:

• Plant-based Feed
• Animal-based Feed
• Synthetic Feed
• Other Ingredient Types

Additive Types Covered:

• Antioxidants
• Amino Acid
• Antibiotics
• Vitamins
• Feed Enzymes
• Feed Acidifiers
• Other Additive Types

Sources Covered:

• Soybean
• Blend Grains
• Corn
• Wheat
• Other Sources

Forms Covered:

• Pellets
• Crumbles
• Mashed
• Other Forms

End Users Covered:

• Poultry Farmers
• Feed Mills and Integrators
• Pet Food Manufacturers
• Research Institutions
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances