Poultry Feed Market Overview
The poultry feed market is a global market that is expected to reach $217.7 billion by 2030, according to a report by Grand View Research. The market is driven by the rising demand for poultry products, such as chicken, turkey, and eggs. Poultry feed is the primary input cost in poultry production, and it accounts for about 70% of the total production cost.
Market Drivers
The poultry feed market is driven by several factors, including:
Increasing global demand for poultry meat and eggs: Poultry meat and eggs are a major source of protein for people around the world. The increasing global population and rising incomes are driving up the demand for poultry meat and eggs.
Growing poultry production: The poultry industry is one of the fastest-growing sectors of agriculture. This is due to the increasing demand for poultry meat and eggs, as well as the relatively low cost of production.
Rising feed prices: The prices of feed ingredients, such as corn and soybeans, have been rising in recent years. This is due to a number of factors, including the increasing demand for biofuels and the impact of climate change on crop production.
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Types of poultry feed
There are two main types of poultry feed:
Starter feed: Starter feed is a high-protein feed that is designed for young chicks. Starter feed typically contains 20-24% protein.
Grower feed: Grower feed is a lower-protein feed that is designed for older chicks and pullets. Grower feed typically contains 16-18% protein.
Layer feed: Layer feed is a high-calcium feed that is designed for laying hens. Layer feed typically contains 16-18% protein and 3.5-4.5% calcium.
Broiler feed: Broiler feed is a high-protein, high-energy feed that is designed for broilers (chickens that are raised for meat). Broiler feed typically contains 20-24% protein.
How to choose the right poultry feed
When choosing a poultry feed, it is important to consider the following factors:
The age and breed of your chickens: Different breeds of chickens have different nutritional needs. It is important to choose a feed that is specifically designed for the age and breed of your chickens.
The purpose of your chickens: If you are raising chickens for eggs, you will need to choose a layer feed. If you are raising chickens for meat, you will need to choose a broiler feed.
Your budget: Poultry feed can range in price from a few dollars to a dozen dollars per bag. It is important to choose a feed that fits your budget.
How to feed your chickens
The amount of feed you give your chickens will depend on their age, breed, and the purpose of your chickens. It is important to follow the feeding instructions on your chosen feed bag.
Here are some general tips for feeding your chickens:
Feed your chickens twice a day: Once in the morning and once in the evening.
Give your chickens enough feed so that they have a full crop, but not so much that they leave a lot of feed behind.
Always provide your chickens with fresh water.
Keep your chickens' feed area clean and dry.
The poultry feed market is growing worldwide with plenty of opportunities that can be capitalized upon. According to a report published by Market Research Future on Global Poultry Feed Market Research Report — Forecast to 2030 states that the segment will be showing a billion-dollar growth along with a brilliant CAGR percentage. The rise in demand for poultry feed is primarily because of high demand levels for poultry due to increase in the population around the world. Rising levels of awareness for a healthy diet have also driven the demand for poultry products as poultry is a form of white meat which is considered healthy. Profitability of the poultry business has enabled the growth of the poultry feed market as well. Poultry products also have further contributed to the rise of this segment. Bird Flu and other diseases related to poultry also have negatively impacted the growth of the sector. The sector can also positively benefit from government support and funding for the development of the sector. High levels of expendable income have also driven the consumption and demand levels of poultry worldwide.
The factors that may restrain the growth levels of this sector are the instability of the agricultural products used in making poultry feed and mounting expenditure of essential raw materials.
Latest Industry News
Nov 2017 Astral is looking for investments in the poultry sector. The company already has a business unit dealing with poultry feed production. After seeing a successful streak the company has become cash flushed and is looking for acquisitions in the poultry sector to capitalize on.
Oct 2017 South Korean livestock and feed manufacturer, Harim Group, announced that its subsidiary, Farmsco, has acquired the feed and poultry-breeding units of Indonesia’s Sujaya Group. Farmsco is reportedly injecting around 60 billion won (US$52.9m) in its Indonesian operations. Under the deal with Sujaya, Farmsco gets a renovated feed plant; the plant is said to have annual feed production capacity of 500,000 tons.
Mar 2017 Sanderson Farms is set to invest $200m in a new feed and poultry processing complex in Texas, to reinforce regional retail production. The new complex will include a feed mill, a poultry processing plant, hatchery and a wastewater treatment facility.
June 2017 Costco has recently invested $300m in a new feed mill, chicken production facility and hatchery. It is expected to generate about $1.2bn in economic effect annually and will take about two years to finish building.
Global Poultry Feed Market — Competitive Analysis
With the entry of industry players in the Global Poultry Feed Market segment, a trend of solid, volume-driven growth has been observed in the market with the introduction of various assortment of feed. With companies aiming to capture a considerable share of the market segment as early as possible, they are competing and experimenting with various advantage points. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies. With a positive trend observed due to use of modern technology, the supply can be considerably increased which allows exploration of newer markets and applications.
The key players profiled in Global Poultry Feed Market outlook report include Alltech, Cargill, Kemin Industries, Novozymes, Chr. Hansen. Other notable players in the segment are BASF SE, Archer Daniels Midland Company, and Evonik Industries.
Global Poultry Feed Market — Segments
For the purpose of this report, the market for Global Poultry Feed Market is segmented based on source, by form and by type.
Based On Source: Coarse Grains, Vegetable Proteins, Animal Proteins, Micro-Ingredients and Others.
Based On Type: Segmented Layers, Broilers and Dual-Purpose.
Based On Form: Mash, Pellets, Crumbles, Scratch Grain and Others.
Global Poultry Feed Market -
Regional Analysis
According to the report, North America and has dominated the market for Global Poultry Feed Market with the largest market share, accounting for millions in revenue and is expected to grow over considerably by 2030, Asia-Pacific and Europe are the growing market for Global Poultry Feed Market and are expected to grow at an overwhelming CAGR respectively from 2023 to 2030.
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