Poultry Feed Market Size Worth ($156,710 Mn by 2028) by (3.3% CAGR) Lead by Growing Poultry Production (3.3% CAGR) COVID Impact and Global Analysis & Forecast by TheInsightPartners.com

In 2020, Asia-Pacific held the largest share of the global poultry feed market. With a large base of poultry meat consuming population, the Asia-Pacific poultry feed market is reporting a remarkable growth and is expected to continue to do so over the next few years. Moreover, according to the OECD FAO Agricultural Outlook 2020-2029, the surge in poultry production in Asia-Pacific and Latin America is expected to account for 60% of the global increase in poultry meat. All these factors are likely to contribute to the growth of the Asia-Pacific poultry feed market during the forecast period. 

In 2020, Asia-Pacific held the largest share of the global poultry feed market. With a large base of poultry meat consuming population, the Asia-Pacific poultry feed market is reporting a remarkable growth and is expected to continue to do so over the next few years. Moreover, according to the OECD FAO Agricultural Outlook 2020-2029, the surge in poultry production in Asia-Pacific and Latin America is expected to account for 60% of the global increase in poultry meat. All these factors are likely to contribute to the growth of the Asia-Pacific poultry feed market during the forecast period. 

Impact of COVID-19 Pandemic on Poultry Feed Market

The ongoing COVID-19 pandemic compelled the implementation of preventive measures that drastically altered the status of the animal feed industry and negatively impacted the growth of the poultry feed market. Governments across the globe have ordered the closure of their international ports, further causing disruptions in the poultry feed supply chain. The COVID-19 pandemic impacted the availability of raw materials to prepare poultry feed in almost all countries. Corn and soybeans are the main ingredients in poultry feeds. Many countries worldwide that depend on imports of these raw materials to prepare poultry feed have had substantial problems procuring the ingredients. The availability of poultry feed in most places was difficult due to the shutting down of the feed plants. The worldwide consumption of poultry meat declined drastically. The poultry feed industry has been badly affected by the closure of restaurants across the world. However, as the economies are planning to revive their operations, the demand for poultry feed is expected to rise globally. The expanding demand for poultry feed and significant investments by prominent manufacturers are expected to drive the growth of poultry feeds. 

Download the Latest COVID-19 Analysis on Poultry Feed Market Growth Research Report at https://www.theinsightpartners.com/covid-analysis-sample/TIPRE00010077/

Rising Demand for Compound Feed in Poultry Bolsters Market Growth

Compound poultry feed is made from various raw materials and additives and contains various ingredients based on poultry's nutritional needs, growth stages, and feeding characteristics. It studies the characteristics of poultry feed raw materials and also determines the nutritional requirements of poultry. The proportion of each kind of the feed ingredient is determined in the poultry feed formula. A balanced composition of the feed is required to ensure the health of poultry birds. The compound feed promotes the health and well-being of poultry birds with balanced vitamins and other elements. Hence, rising demand for compound feed in poultry will boost the market growth in the coming years.

Poultry Feed Market: Segmental Overview

By poultry type, the poultry feed market is segmented into layers, broilers, turkeys, and others. In 2020, the broilers segment held the largest market share owing to the high-protein diet fed to them to help support rapid growth. The feed for broiler chicken is available in various forms, such as crumble, pellet, and mash. Increasing broiler population, especially in countries such as India is expected to drive the growth of the segment.

Based on form, the poultry feed market is segmented into mashed, pellets, crumbles, and others. In 2020, the pellets segment held the largest market share. Pellet feed improves growth in broilers as it aids in an increased feed intake due to the enhanced digestibility, increased palatability, and decreased ingredient segregation of pellets.

Poultry Feed Market: Competition Landscape and Key Developments

A few key players operating in the global poultry feed market are ADM; Cargill, Incorporated.; Alltech.; Charoen Pokphand Foods PCL; ForFarmers; Kent Corporation; SHV Holdings; Land O'Lakes, Inc.; AFGRI Animal Feeds; and DE HEUS ANIMAL NUTRITION.

Order a Copy of Poultry Feed Market Shares, Strategies and Forecasts 2021-2028 Research Report at https://www.theinsightpartners.com/buy/TIPRE00010077/

Browse Related Reports and Get Sample copy

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi
E-mail: [email protected]
Phone: +1-646-491-9876
Press Release: https://www.theinsightpartners.com/pr/poultry-feed-market
More Research: https://www.einpresswire.com/newsroom/the_insight_partners/

Logo: https://mma.prnewswire.com/media/1586348/The_Insight_Partners_Logo.jpg