Global Poultry Feed Market Insights Forecasts to 2033

• The Global Poultry Feed Market Size was Valued at USD 119.6 Billion in 2023.
• The Market Size is Growing at a CAGR of 6.88% from 2023 to 2033.
• The Worldwide Poultry Feed Market Size is Expected to Reach USD 232.7 Billion by 2033.
• Europe is Expected to Grow the fastest during the forecast period.

The Global Poultry Feed Market Size is Anticipated to Exceed USD 232.7 Billion by 2033, Growing at a CAGR of 6.88% from 2023 to 2033.  

Market Overview

Poultry Feed is the food used to fulfill the nutritious dietary requirements of farm animals including chickens, ducks, geese, and other poultry animals. It is extensively utilized for broiler chicken farming, egg production, layer hens, turkeys ducks, geese, and exotic birds. It helps improve the quality of end products meat and eggs. Feed additives play an important role in poultry diets as they help to improve nutrient availability, antioxidant activity, immune-modulating, anti-microbial, improve intestinal health. Nutrients such as minerals, vitamins, carbohydrates, proteins, and water are included in the poultry feed. Carbs and lipids are the primary sources for providing energy, proteins are also used as energy providers for the growth, reproduction, and overall health of poultry birds. Soybean oil meal, mineral supplements, and vitamin supplements are some protein-rich sources that are included in poultry feed. The amount of feed required depends on the weight and age of the hens, their growth rate, how quickly they lay eggs, the moisture level in the weather, and the amount of nutrition they get from foraging. The increase in the demand for organic meat to ensure meat safety, concerns regarding food safety, and growing awareness among farm owners about maintaining healthy animal diets propelling the market growth of poultry feed.

Report Coverage

This research report categorizes the market for the poultry feed market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the poultry feed market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the poultry feed market.

Driving Factors

The growing awareness about protein intake and increasing global per capita meat consumption leads are responsible for the growth of the global poultry feed industry. Thus, rising demand for poultry meat products is driving the poultry feed market. Poultry meat consumption rose from 119,205 metric tonnes in 2018 to 120884 metric tonnes in 2019 as per OECD 2020. The significant rise in population and income influences the market. The development of packaged poultry feed is creating a new opportunity in the poultry feed market. Furthermore, the rising meat production and consumption in Asia-Pacific and MEA countries leads to significant growth in the global market size of poultry feed.      

Restraining Factors

The high cost of raw materials ingredients in poultry feed is affecting the poultry feed market. Additionally, the higher production costs of chicken feed with low-profit margins restrain the market. The outbreak of poultry-associated contagious diseases such as avian and zoonotic influenza might cause infection and disease in humans which is the major factor for restraining the poultry feed market. Trade restrictions, decreased productivity, and bird culling are the other factors that are negatively affecting the market.   

Market Segmentation

The Global Poultry Feed Market share is classified into nature, feed type, and distribution channel.

• The conventional segment is expected to hold the largest share of the poultry feed market during the forecast period.   

Based on the nature, the global poultry feed market is divided into conventional, and organic. Among these, the conventional segment is expected to hold the largest share of the poultry feed market during the forecast period. The conventional segment contains more amount of nutrition than organic feed. It typically includes a variety of cereals enriched with sufficient minerals and vitamins, either chemically or through food. It includes maize, rice, wheat, oat, and barley, wheat brans and rice polish, fish meal, meat meal, soybean oil-meal, groundnut cake, and others.

• The complete feed segment is expected to grow at the fastest pace in the poultry feed market during the forecast period.    

Based on the feed type, the poultry feed market is divided into complete feed, concentrates, and premix. Among these, the complete feed segment is expected to grow at the fastest pace in the poultry feed market during the forecast period. The complete feed for poultry has low cost with high production of poultry feed products. It is consumed in a better way with reduced wastage of feed.   

• The offline segment is expected to grow at the greatest pace in the poultry feed market during the forecast period.

Based on the distribution channel, the poultry feed market is divided into online, and offline. Among these, the offline segment is expected to grow at the greatest pace in the poultry feed market during the forecast period. The physical form of purchasing is the most popular and predominant choice for purchasing poultry feed as local consumers prefer to the offline segment.

Regional Segment Analysis of the Poultry Feed Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the global poultry feed market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the poultry feed market over the predicted timeframe. Asia-Pacific accounts for two-thirds of the market share of the poultry feed market. China has been the leading region for growing the poultry sector during the last two decades. The annual consumption of meat is expected to rise from 50kg to 70kg per capita by 2030 as per the report by FAO. The growing urbanization as well as rising disposable income are the primary factors for driving the market of poultry feed. Furthermore, the high economic expansion in Asia-Pacific and MEA countries has increased meat production and consumption in these regions, which is significantly driving the market growth.

Europe is expected to grow at the fastest pace in the global poultry feed market during the forecast period. The rising burden of nutritional disorders in the region is the primary factor responsible for driving the poultry feed market. Collaboration of key players such as For Farmers, Kent Nutrition Group, Alltech & more players growing the market in the region.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the poultry feed along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Kent Nutrition Group
• ADM
• De Heus Animal Nutrition
• ForFarmers
• Charoen Pokphand Foods PCL
• Cargill, Inc.
• Berkshire Hathaway Inc.
• John Bean Technologies Corporation
• Anko Food Machine Co. Ltd.
• Trouw Nutrition
• Alltech
• Land O’ Lakes, Inc.
• GEA Group
• NICHIMO Co. Ltd.
• Tetra Laval International S.A.
• Bucher Industries
• Hosokawa Micron Corp.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In April 2022, Cargill expanded the nutrient research and development capabilities of its global animal nutrition innovation center to serve agriculture and food industry customers.

• In January 2022, Nutreco closed the deal with Unga Group to meet the growing demand for high-quality protein in East Africa.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Poultry Feed Market based on the below-mentioned segments: 

Global Poultry Feed Market, By Nature

• Conventional
• Organic

Global Poultry Feed Market, By Feed Type

• Complete Feed
• Concentrates
• Premix

Global Poultry Feed Market, By Distribution Channel

• Offline
• Online

Global Poultry Feed Market, By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa