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Poultry Feed Market Trends

Report ID: GMI8482
Published Date: Mar 2024
Report Format: PDF

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Poultry Feed Market Trends

The chicken feed industry is undergoing intriguing transformations. Farmers are now crafting tailored feed blends for different bird species, moving away from a one-size-fits-all approach. Additionally, there is a growing interest in exploring alternative protein sources and a significant push for antibiotic-free, organic chicken feed. Furthermore, advancements in scientific research are facilitating the creation of more efficient feed production techniques. Looking forward, expect further diversification in chicken feed offerings, a heightened emphasis on eco-friendly practices, and continued growth, especially in emerging markets. The industry's trajectory will also be shaped by upcoming regulations prioritizing quality and safety.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of poultry feed was reached USD 213 billion in 2023 and is anticipated to register a CAGR of over 6.1% between 2024 and 2032, driven by increased chicken consumption.

Broiler segment stands out in the poultry feed market with a revenue size of USD 105.4 billion in 2023, as ongoing refinements in feed formulation by scientists enable farmers to rear more birds.

Asia Pacific had a significant position in the global poultry feed market with a revenue size of USD 65.5 billion in 2023, attributed to the growing population of the region and rising disposable income.

BASF SE, ADM Animal Nutrition (Archer Daniels Midland), Cargill Animal Nutrition, Charoen Pokphand Foods (CP Foods), Evonik Industries, ForFarmers, Land O'Lakes Purina Feed, New Hope Group, Nutreco, Perdue Farms, Tyson Foods, Wenger Feeds, and Zeeland Farm Service.