Poultry Feed Market: Navigating Trends and Challenges

 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%.

The global poultry feed market has undergone remarkable transformation over the years, evolving to meet the demands of a growing world population and shifting consumer preferences. Poultry production has become a pivotal part of the agriculture sector, contributing to food security, rural economies, and employment opportunities. As such, the poultry feed industry has witnessed substantial advancements, innovations, and challenges.

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Innovation and Research:

The poultry feed industry has embraced innovation and technology to create more efficient and sustainable feed solutions. Advanced research in nutrition has led to the development of feed formulations that optimize growth, feed conversion rates, and overall poultry health. Nutrigenomics, for instance, combines genetics and nutrition to create personalized feed plans for different poultry breeds, resulting in improved production efficiency.

Furthermore, alternative ingredients like insect protein, algae, and single-cell proteins are being explored as substitutes for traditional feed ingredients like soy and fish meal. These alternatives not only address sustainability concerns but also contribute to reducing the environmental impact of the poultry industry.

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.

Key Companies Profiled:

  • BASF SE
  • ForFarmers N.V.
  • Anko Food Machine Co. Ltd.
  • Berkshire Hathaway Inc.
  • Bucher Industries
  • Tetra Laval International S.A.
  • SPX Corporation

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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Questionnaire answered in the Market Outlook Report of Poultry Feeds include:

  • What is the key strategy deployed by large players to maximize Poultry Feeds Market growth?
  • What are the main challenges faced by players in the Poultry Feeds Market Demand?
  • With the advent of technological advancement, how will the Poultry Feeds market landscape change over the forecast period?
  • What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the Poultry Feeds market size?

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