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The global poultry feed market was valued at USD 121.3 billion in 2023, growing at a CAGR of 6.9% from 2024 to 2033. The market is expected to reach USD 236.3 billion by 2033. The demand for poultry feed has increased due to rising disposable income, which leads to higher living standards. This has resulted in the expansion of the poultry feed market. The global poultry feed market is expanding due largely to the increasing urbanisation of the world's population, which is driving up the need for poultry feed in establishments like corporate offices and hypermarkets.
Farmers feed ducks, turkeys, hens, geese, and other domestic birds with poultry feed. To provide a highly nutritious diet that maintains the health of poultry birds and improves the quality of end products like meat and eggs, modern feed is made by carefully choosing and combining components. The most crucial nutrients for poultry birds' growth, reproduction, and overall health are minerals, vitamins, carbohydrates, proteins, and water. Carbs and lipids provide the majority of the energy needed for development. For chicken birds, protein is also an important energy source, especially when their diet of fat and carbohydrates is restricted. The need for poultry feed is increasing due to the lack of anti-nutritional elements such as phytic acid and the effects of feeding poultry birds without a plan on their digestive systems. Furthermore, most contemporary chicken meals consist of grain and protein supplements such as soybean oil meal, mineral supplements, and vitamin supplements. The weight and age of the hens, their rate of growth, how quickly they lay eggs, the weather (cold or wet weather encourages higher energy expenditure), and the amount of nutrition they get from foraging all affect how much feed is needed as well as how much nutrition it contains. This makes a large variety of feed compositions available. The addition of less expensive local components results in further variations. Healthy fowl need a good supply of water, an appropriate amount of protein and carbs, and the essential vitamins and dietary elements.
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In April 2022, Cargill committed USD 50 million to the development of research and development facilities for animal nutrition and feeds in China, the vicinity of Elk River, Minnesota, and the Netherlands.
In January 2022, In order to supply high-quality protein to the region, Nutreco and Unga Group Plc have confirmed their partnership to launch two joint ventures in East Africa. The development aids in gaining market share in the animal nutrition markets, and both projects are known as Tunga Nutrition.
Growing focus on animal health- A stronger emphasis on animal health will facilitate market growth. The need for poultry feed will increase as cow husbandry practices increase. Humans' increasing need for products derived from animals will increase market demand. As their momentum increases, natural growth supporters will be involved in the market. Demand in the market has been fueled by growing consumer knowledge of the advantages of employing feed additives to lower sickness.
High raw material price- The cost of raw materials like grains, soybean meal, and other feed ingredients impacts the chicken feed business. Chicken feed manufacturers may experience higher production costs and lower profit margins due to price volatility in these commodities. The environmental effects of the chicken business are being closely examined, especially about emissions and waste management. Stricter rules and higher production costs result from pollution and resource usage worries. Avian influenza outbreaks and other illness epidemics are a risk for poultry operations. Because of trade restrictions, decreased productivity, and bird culling, these outbreaks may result in large financial losses.
Increase in the demand for organic meat- To ensure meat safety, concerns regarding food safety have increased demand for premium chicken feed. Growing farm owner awareness of the importance of maintaining a healthy animal diet is another factor propelling the growth of the poultry feed industry. As a result, they are switching from ordinary chicken feed to premium and functional varieties that reduce the risk of infections, injuries, metabolic issues, and acidosis while also strengthening the animals' resilience to enzootic diseases. A positive outlook for the industry has also been created by a rise in the demand for organic meat from consumers in industrialised nations and by adopting cutting-edge techniques for raising animals and maintaining strict farming standards.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia Pacific emerged as the largest global poultry feed market, with a 37.7% market revenue share in 2023.
Premixes and additives for poultry feed are essential for maximising the nutrition and well-being of poultry. To fulfil the region's rising poultry demands, these items are being employed increasingly to guarantee that birds receive balanced diets, increased growth rates, and enhanced disease resistance. China's poultry sector is expanding due to the rising demand for chicken eggs and meat from the country's expanding middle class. With an emphasis on quality and safety, this need drives the Chinese market for chicken feed. Premixes for poultry feed are growing in popularity nationwide since they allow for accurate nutrition management of chickens. The market for additives for chicken feed is also expanding quickly, with a focus on antibiotic minimization and disease management. Premixes and additives for poultry feed are becoming more popular in Indonesia as farmers see how they can enhance the health and productivity of their birds.
Asia Pacific Region Poultry Feed Market Share in 2023 - 37.7%
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The product segment is divided into concentrated feed, premix feed, and complete feed. The complete feed segment dominated the market, with a market share of around 42% in 2023. The complete feed is a quantitative mixture of carefully mixed dietary components to prevent separation and selection. It is fed as the only source of nutrients (except water) and created in a desired ratio to satisfy each animal's specific nutrient needs.
The application segment is divided into chicken, broiler, ducks, geese, and others. The broiler segment dominated the market, with a market share of around 28% in 2023. The only reason that broilers are raised is to produce meat. The increased demand for chicken meat, which is affordable and high in protein, has led to a surge in grill farming. A healthy diet is one of the most crucial elements of grill creation.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2023 | USD 121.3 Billion |
| Market size value in 2033 | USD 236.3 Billion |
| CAGR (2024 to 2033) | 6.9% |
| Historical data | 2020-2022 |
| Base Year | 2023 |
| Forecast | 2024-2033 |
| Region | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
| Segments | Product, Application |
As per The Brainy Insights, the size of the poultry feed market was valued at USD 121.3 billion in 2023 to USD 236.3 billion by 2033.
The global poultry feed market is growing at a CAGR of 6.9% during the forecast period 2024-2033.
Asia Pacific emerged as the largest poultry feed market.
This study forecasts global, regional, and country revenue from 2020 to 2033. The Brainy Insights has segmented the global poultry feed market based on the below-mentioned segments:
Global Poultry Feed Market By Product:
Global Poultry Feed Market By Application:
Global Poultry Feed Market By Region:
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