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Poultry feed is animal diet selected by considering the nutritional requirements for the growth and development of chicken, ducks, geese, and other birds. Poultry has become very important as the demand for products obtained by poultry animals is increasing. The idea of animal feed has evolved within the market for decades, particularly within the developed markets.
However, with the rise of globalization and standard of living of consumers, companies are growing in the emerging markets as well with improved products and the wide range of options for each animal group. The need for prevention of poultry diseases is thus demanding for nutritional feed and adoption of poultry farming as a source of income by farmers, which is expected to drive the poultry feed market during the forecast period.
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Increasing poultry diseases and high investment in the poultry feed are some of the major driving factors for the growth of the global poultry feed market. Additionally, high demand for good quality of poultry meat is leading to a rise in demand for the poultry feed in the developed and emerging countries.
In February 2018, Health and Food Safety Commissioner of Europe permitted the incorporation of insect protein in poultry feed by 2019, the inclusion of the insect protein will have a high demand for poultry feed, thus will project the growth of the global poultry feed market.
However, the recent ban on antibiotics in the poultry feed is likely to hamper the growth of the global poultry feed market during the forecast period.
The major companies covered in the global poultry feed market report include Cargill Inc., Alltech, Inc., Archer Daniels Midland, De Heus B.V., BASF SE, Charoen Pokphand Foods PCL, and others.
· Feed Enzyme
· Feed Acidifiers
· Poultry Farm
· Home care
· North America (USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
As per the current poultry feed market trends, feed enzyme in the additives segment is anticipated to register a higher CAGR during the forecast period owing to its nutritional value in the poultry feed for growth and development of animals.
Geographically, the poultry feed market is segmented include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among the region, North America accounts for the largest in the poultry feed market in 2018 owing to the increase in demand of the poultry meat and rise in the detection of the disease in some of the animals such as hens and ducks in the region. Asia Pacific is expected to have a significant CAGR in the forecast period owing to the growing poultry consumption. Europe poultry feed market is expected to register a notable rise in the forecast period due to the high demand for meat and poultry feed products. Latin America and Middle East & Africa are a nascent market but have a potential opportunity during the forecast period owing to the adoption of poultry feed products for the prevention of animal diseases.
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