The shift towards a high protein diet and increasing preference for poultry meat continue to influence the growth of the poultry feed market worldwide. Rising exports of poultry, particularly from the European Union and the United States, have remained instrumental in driving the need for enhanced poultry production, in turn fuelling sales of the poultry feed. Fact.MR envisages that the demand for poultry feed is projected to expand at a CAGR of 7.1% in terms of volume during the period of forecast, 2018-2027. The poultry feed market report also reveals that the sales volume of poultry feed is likely to cross 890,000,000 tons by the end of the assessment year.
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Global Poultry Feed Market by Category
By Product Type, Global Poultry Feed Market is segmented as:
By Source, Global Poultry Feed Market is segmented as:
- Blend Grains
By Form, Global Poultry Feed Market is segmented as:
By Nature, Global Poultry Feed Market is segmented as:
By Sales Channel, Global Poultry Feed Market is segmented as:
- Direct Sourcing
- Indirect Sourcing
By Region, Global Poultry Feed Market is segmented as:
- North America
- Latin America
- East Asia
- South Asia & Oceania
Competitive Landscape: Top Companies in Poultry Feed Market
The global poultry feed market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.
Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the growth of poultry feed.
Fact.MR has provided detailed information about price points of key manufacturers in poultry feed market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.
- Associated British Foods Plc launched animal neonate specialist business AB Neo in 2021, focusing on needs of young farm animals. It manufacturers a range of products for poultry, calves and piglets
- ForFarmers in 2020 announced the acquisition of poultry sector of De Hoop Mengvoeders, thereby resulting in the creation of leading position in the broiler market