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Poultry Feed Market Size, Share, Top Companies, New Technology and Report 2024-2032
Posted: Feb 23, 2024
IMARC Group's report titled "Poultry Feed Market Report by Nature (Conventional, Organic), Form (Mashed, Pellets, Crumbles, and Others), Additives (Antibiotics, Vitamins, Antioxidants, Amino Acid, Feed Enzymes, Feed Acidifiers, and Others), Animal Type (Layers, Broilers, Turkey, and Others), Distribution Channel (Offline, Online), and Region 2024-2032". The global poultry feed market size reached US$ 210.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 289.0 Billion by 2032, exhibiting a growth rate (CAGR) of 3.5% during 2024-2032.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/poultry-feed-market/requestsample
Factors Affecting the Growth of the Poultry Feed Industry:
The increasing demand for poultry products among the masses is propelling the growth of the market. This rise in demand can be attributed to several factors, including the consumption of protein-rich diets to prevent the occurrence of various chronic disorders. Poultry, known for its affordability and nutritional value, is a preferred source of protein for many. Furthermore, changing dietary preferences and a shift towards healthier eating habits are contributing to the market growth. Consumers perceive chicken and eggs as lean protein sources, making them an attractive choice in health-conscious diets.
Advancements in feed technology are offering a favorable market outlook. These innovations encompass various aspects of feed formulation, production, and delivery, all aimed at improving poultry farming efficiency and sustainability. Researchers and nutritionists are continually working to develop feed recipes that are tailored to meet the specific nutritional needs of different poultry species at various stages of growth. This precision in nutrition optimization leads to better growth rates, improved feed conversion ratios, and overall healthier birds. Additionally, production processes are evolving to ensure the consistent quality of poultry feed. Modern feed mills are equipped with state-of-the-art machinery and quality control measures to guarantee that each batch of feed meets the required standards. This consistency is vital for poultry producers who rely on uniform feed to achieve consistent results.
The growing adoption of eco-friendly and ethical practices in poultry farming is bolstering the market growth. Consumers, regulators, and industry stakeholders are all encouraging sustainable poultry farming to reduce environmental impact and improve animal welfare. One aspect of sustainable poultry farming is the shift towards using environment-friendly feed ingredients. This includes reducing the reliance on traditional protein sources like soybean meals, which often involve deforestation and habitat destruction. Moreover, the growing emphasis on utilizing plant-based proteins, insects, and alternative protein sources to decrease the ecological footprint of poultry feed production is strengthening the market growth.
Leading Companies Operating in the Global Poultry Feed Industry:
Poultry Feed Market Report Segmentation:
By Nature:
Conventional represents the largest segment as it provides a consistent and reliable source of nutrition for poultry.
By Form:
Pellets exhibit a clear dominance in the market driven by the rising demand for feed formulations which offer easy administration.
By Additives:
Amino acid holds the biggest market share due to their beneficial aspects.
By Animal Type:
Broilers account for the majority of the market share owing to their reliance on effective feed formulations to improve yield and health.
By Distribution Channel:
Offline represents the leading market segment. It enables poultry farmers to physically select the right feed mixture by evaluating various parameters.
Regional Insights:
Asia Pacific's dominance in the poultry feed market is attributed to investment in research and development (R&D), leading to advanced feed formulations.
Global Poultry Feed Market Trends:
Health and disease management in poultry farming is a crucial factor bolstering the market growth. Maintaining the health of poultry flocks is paramount for sustainable production, and feed plays a pivotal role in achieving this goal. Poultry feed formulation is evolving to include various additives, supplements, and ingredients aimed at boosting the immune system and preventing diseases. Furthermore, probiotics and prebiotics are added to feed to promote beneficial gut bacteria, enhancing overall health. Similarly, antioxidants and vitamins are incorporated to support the immune system of birds and reduce susceptibility to infections.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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About the Author
I'm working in IMARC Group. I specialize in leveraging online platforms and tactics to market items or services.
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