Poultry Feed Demand Is Slated To Account For US$ 228.1 Billion In Value By 2033-End.

The global poultry feed market enjoys a valuation of US$ 123.5 billion by 2023 and is forecasted to surge to US$ 228.1 billion by the end of 2033. This jump is because, over the course of the next ten years, worldwide sales of poultry feed are projected to rise at a CAGR of 6.3%.

Focus on protein consumption has increased exponentially in the past couple of decades owing to rising awareness of the benefits of protein-rich diets. Chicken and eggs have emerged as highly popular sources of protein for people across the world, which has subsequently increased poultry feed demand.

Implementation of strict food safety standards across the world, changing consumer preferences, growing world population, rising consumption of eggs and chicken meat, increasing preference for organic animal feed, rising per capita disposable income, globalization, and growing investments in the poultry feed industry are other factors that are slated to shape poultry feed consumption in the future.

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Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Poultry Feed market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.

Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Poultry Feed market.

Key findings of the Poultry Feed market study:

·        Regional breakdown of the Poultry Feed market based on predefined taxonomy.

·        Innovative manufacturing processes implemented by Poultry Feed vendors in detail.

·        Region-wise and country-wise fragmentation of the Poultry Feed market to grasp the revenue, and growth outlook in these areas.

·        Changing preferences among consumers across various regions and countries.

·        Factors (Positive and Negative) impacting the growth of the global Poultry Feed market.

Competitive Landscape:

Poultry feed companies are focusing on sustainability and coming up with new ways to produce animal feed that causes minimal harm to the environment and reduces the overall carbon footprint of the manufacturing process.

  • In November 2022, ForFarmers, a Dutch agricultural feed organization announced its plans to use alternative raw materials and food waste to manufacture new animal feeds that meet the new demand for sustainable agricultural practices.

Poultry feed providers are also investing in the expansion of their production capacity to meet rising demand from various parts of the world.

  • In November 2022, Alturas Group of Companies, a diversified business for agricultural manufacturing increased its investments in the agriculture business as it recently launched a new feed mill in Marcela Farms in Ubay, Bohol.

Segments of Poultry Feed Industry Research:

·         By Product Type :

    • Broiler
    • Layer
    • Others

·         By Source :

    • Corn
    • Wheat
    • Soybean
    • Blend Grains
    • Others

·         By Form :

    • Powder
    • Granules/Particles
    • Pellets
    • Briquettes

·         By Nature :

    • Organic 
    • Conventional 

·         By Sales Channel :

    • Direct Sourcing
    • Indirect Sourcing

·         By Region :

    • North America
    • Latin America
    • Europe
    • APAC
    • MEA

 

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