Global Poultry Feeds Market Analysis (2023-2030)
As per our research report, the Global Poultry Feeds Market size is estimated to be growing at a CAGR of 5.9% from 2023 to 2030.
The pandemic had a significant impact on the poultry feed market. Due to supply chain disruptions in the market, the production and distribution process witnessed a slowdown, leading to a decline in demand for poultry feeds in the market. Furthermore, the decline in demand for meat and egg-based products due to the closure of the food industry, further negatively impacted the market.
Furthermore, rising health and hygiene concerns among consumers during the pandemic led to an increase in demand for vegan and animal cruelty-free products, which further reduced the demand for meat-based products in the market. Additionally, poultry-borne diseases were another factor reducing consumer demand for meat and eggs during the pandemic.
Post-pandemic, rising trends in eco-friendly and organic food production increased the demand for organic poultry farming, wherein poultry feed was produced using natural and plant-based ingredients, leading to reduced or zero impact on the environment. These include poultry feed containing organic essential oils, organically produced grains, organic supplements, and others.
The restraints to this market include rising trends in veganism and increasing concerns related to poultry-borne diseases.
KEY MARKET INSIGHTS:
- Based on market segmentation by nature, conventional holds the highest share of about 33% in the market. The growth is attributed to increased health benefits to poultry animals, faster yield results, and cost-effectiveness compared to organic feed. Furthermore, the organic segment is the fastest-growing segment during the forecast period. Organic poultry feed is gaining popularity in the market due to rising consumer demand for sustainably produced meat and eggs. In addition, these feeds are made using organic ingredients such as grains, seeds, essential oils, and others that reduce the negative impact of feed production on the environment.
- Based on market segmentation by feed type, premix holds the highest share of about 27% in the market. The growth is attributed to the increased nutritional balance provided by premixes and the versatility of other feed ingredients in the market. Furthermore, complete feed is witnessing increased growth during the forecast period, as demand for ready-to-eat poultry feed increases in the market. Moreover, complete feeds are cost-effective in nature, as they reduce transportation and handling costs and also save storage space.
- Based on market segmentation by animal type, layer holds the highest share of about 29% in the market. The growth is attributed to increased demand for faster reproduction and conversion rates in breeding hens by poultry farmers. Furthermore, broiler is the fastest-growing segment during the forecast period. The growth is attributed to increased consumer demand for protein-rich food such as meat. Moreover, broiler feed helps in the rapid development of broilers which further offers a high-conversion rate to poultry farmers.
- Based on market segmentation by ingredient, cereal holds the highest share of about 27% in the market. The growth is attributed to the versatility of cereals with other feed ingredients and increased nutritional benefits to poultry animals such as high digestibility and increased energy. Furthermore, supplements are the fastest-growing segment during the forecast period. The growth is attributed to increased demand for improving the immunity system and overall health of poultry animals.
- Based on market segmentation by distribution channel, the offline segment holds the highest share of about 31% in the market. The growth is attributed to the increased availability of fresh and premium quality ready-to-eat and organic poultry feed channels in the market. Furthermore, the online segment witnessed increased growth during the forecast period. The growth is attributed to the fast-booming e-commerce industry and increased demand for doorstep delivery by poultry farmers.
- Based on market segmentation by end-user, poultry farm holds the highest share of about 41% in the market. The growth is attributed to rising demand for high yield and conversion rates by poultry farmers in the market. Furthermore, home care is the fastest-growing segment during the forecast period. The growth is attributed to increased demand for meat and eggs for personal consumption by small-scale poultry keepers in the market.
- Based on market segmentation by region, Asia-Pacific dominates the market with a share of about 52%. The growth is attributed to the rising demand for protein-rich diets and the fast-booming poultry industry. Furthermore, North America is the fastest-growing region during the outlook period. The growth is attributed to the rising consumption of chicken-based products and advancements in poultry production in the region.
- Companies playing a leading role in the Global Poultry Feeds market profiled in this report are Cargill, Nutreco NV, De Heus BV, Charoen Pokphand Foods PCL, The Organic Feed Company, Feedex Companies, Modesto Milling, HJ Lea Oakes, Alltech, and New Country Organics.
MARKET SEGMENTATION
By Nature
By Feed Type
- Premix
- Complete Feed
- Additives
- Concentrates
By Animal Type
- Layer
- Broiler
- Turkey
- Others
By Ingredient
- Cereal
- Oilseed Meal
- Fish Oil
- Fish Meal
- Supplements
- Molasses
- Others
By Ingredient
- Cereal
- Oilseed Meal
- Fish Oil
- Fish Meal
- Supplements
- Molasses
- Others
By Distribution Channel
By End-user
- Poultry Farm
- Home Care
- Others
By Region
- North America
- Europe
- Asia-Pacific
- South America
- Middle-East & Africa
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