The Poultry Feed Market is expected to increase at a 5.4% CAGR from 2023 to 2033, from USD 216.5 billion in 2023 to USD 365.6 billion by 2033.
Rising Interest in Poultry Meat Products
The poultry sector is one of the significantly growing meat sectors. Therefore, improving poultry productivity is vital to feed the world's expanding population. According to a survey, the World output of chicken meat in the Asia Pacific accounted for two-thirds of the increase in 2020.
Moreover, poultry meat consumption in the United States is also expanding, as it is considered a convenient and readily available food.
Due to strong economic growth, demand for cattle products has increased in China and India. Factors such as population growth, disposal income growth, increasing boiler chicken feed, and changes in consumer dietary preferences are influencing global per capita consumption of poultry meat. These factors are expected to fuel the poultry feed market growth during the forecast period.
The key factor driving the industry is the rising demand for poultry meat products, increasing industrial livestock production, and growing organic feed.
Increased average income and consistent economic growth in emerging countries have resulted in a shift in consumer taste towards protein-rich diets, which has raised the demand for poultry meat.
| Report Attribute | Details |
|---|---|
| Poultry Feed Market Value (2023) | USD 216.5 billion |
| Poultry Feed Market Anticipated Value (2033) | USD 365.6 billion |
| Poultry Feed Market Growth Rate (2023 to 2033) | 5.4% CAGR |
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The poultry feed market accounted for USD 204.4 billion in 2022, expanding at a 5.1% CAGR from 2017 to 2022. Global market absolute dollar growth is USD 2.8 billion from 2023 to 2033.
As poultry provides 60% protein, 13% fat, and 3% calcium, poultry by-products and fish meat provide a variety of essential nutrients. The by-product accounts for almost 50% of the live market weight of ruminants and 30% of the live market weight of poultry.
These by-products are converted, pulverized, and provided as a poultry feed source. Poultry meat is a developing global trend, and consumption has expanded. As a result, demand for poultry feed is expected to rise over the projection period to meet the specific feed requirements.
| Historical CAGR (2017 to 2022) | 5.1% |
|---|---|
| Forecast CAGR (2023 to 2033) | 5.4% |
FMI anticipates that the market valuation could reach USD 365.6 billion by 2023.
| Attributes | Details |
|---|---|
| 2016 | USD 1,065.15 billion |
| 2021 | USD 1,283.50 billion |
| 2022 | USD 204.4 billion |
| 2023 | USD 216.5 billion |
| 2033 | USD 365.6 billion |
Farmers are opting for high-quality feed to obtain a huge return on their invested money. This shift in habit has prompted changes in the poultry feed industry. As a result, more emphasis and resources are being focused on enhancing the overall health of birds.
Farmers are expected to benefit from enhanced farm profitability and output as they transition away from diet-based feed and toward superior nutrition. With the growing awareness of the immense benefits of poultry feed products, the business has flourished around the world, particularly in emerging economies.
Various developed countries are also shifting to mono-gastric farming, with poultry and pigs accounting for widely-held animals. This emerging trend might be a leading factor for the strengthening of the poultry feed market's key trends and opportunities in the coming days.
Principal Consultant
The regional poultry feed markets have always been heavily controlled in terms of human health and well-being, as well as environmental protection. As a result, the criteria for feed additives are constantly changing in terms of bans and limits.
Over the projected period, rising broiler production and customers' preference for fish and meat due to their low pricing compared to fowl food are expected to hinder the poultry feed market growth to certain degrees.
| Country | United States |
|---|---|
| CAGR (2017 to 2022) | 3.7% |
| Valuation (2023 to 2033) | USD 45.7 billion |
| Country | United Kingdom |
|---|---|
| CAGR (2017 to 2022) | 4.1% |
| Valuation (2023 to 2033) | USD 9.5 billion |
| Country | China |
|---|---|
| CAGR (2017 to 2022) | 5.1% |
| Valuation (2023 to 2033) | USD 56.8 billion |
| Country | Germany |
|---|---|
| CAGR (2017 to 2022) | 2.9% |
| Valuation (2023 to 2033) | USD 13.6 billion |
| Country | Spain |
|---|---|
| CAGR (2017 to 2022) | 5.9% |
| Valuation (2023 to 2033) | USD 5.9 billion |
The market value of the poultry feed industry in the North America region is USD 5.3 billion, accounting for 38% of global poultry feed value, with the United States holding a market share of 65% in the region.
Chicken is raised and processed by almost thirty-five federally inspected enterprises in the United States. These businesses are vertically integrated throughout the chicken value chain, allowing them to ensure product quality.
So, the chicken feed industry is highly regulated and pushed by innovation in North America.
The value of poultry feed in the Asia Pacific region is USD 2.8 billion, accounting for 20% of the global poultry feed market value.
Worldwide poultry meat output is increasing, with Asia Pacific accounting for two-thirds of the growth as the big poultry population necessitates the use of high-quality feed.
Because of their significant economic growth, China and India have seen an increase in demand for cattle goods and poultry feed items over the past couple of years.
In 2019, the poultry sector accounted for roughly 70 to 75 per cent of India's commercial feed business. Commercial feed production in the country reached roughly 39 million metric tons. Poultry feed leads the country's feed production, with over 24.9 million metric tons produced in 2019.
In terms of both chicken numbers and output per bird, India's poultry industry has expanded notably during the last two decades. The spread of intensive systems with high food conversion ratios is linked to high levels of poultry feed production as well.
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Poultry farmers are gradually shifting to soybeans to improve the nutritional content of feed materials. Soybean meal offers a high protein content and an excellent amino acid profile comparable to corn, even though corn remains the popular feed type.
The industry has traditionally relied on cereal grains as the primary source of energy in protein diets. Corn, wheat, barley, soybeans, and others are all classified as feed types. Corn makes up more than a third of the feed ingredients used in making chicken.
As a result, the scales are moving in favor of high nutritive value feed components, which might transform demand in the poultry market once more.
Broilers account for more than half of the overall market and are estimated to continue to be dominant during the projected period. The pattern of feed consumption differs from one livestock to the next.
For example, meat-type chickens, sometimes known as 'broilers,' are frequently regarded as efficient terrestrial animals. They have a great feed conversion ratio (FCR) than layers and hence require more protein and calories.
Commercial broiler feed is available from a variety of firms. Many of them have introduced poultry nutrition products aimed at increasing nutrient digestibility and feed conversion ratio in chickens.
In terms of poultry numbers and output per bird, China and India's poultry sectors have grown significantly during the last two decades. Increased production levels relate to the spread of intensive systems with high food conversion ratios.
In 2019, the poultry business accounted for roughly 70 to 75% of India's commercial feed industry. The commercial feed production in the country was about 39 million metric tonnes. Poultry feed chiefly accounts for the country's feed production.
The demand for poultry feed remains high in Asia Pacific's growing nations, such as China and India. This results in a huge usage of quality feed for a large poultry population. Furthermore, global chicken meat output is increasing, with Asia Pacific accounting for two-thirds of the growth.
Global chicken meat output is increasing, with Asia Pacific accounting for two-thirds of the poultry feed market players. Poultry meat consumption is also increasing in the United States since it is seen as a readily available food resulting in the emergence of new companies in the region.
Poultry farming is a lucrative company with a lot of potential for profit. This attracts countless new participants, making the market extremely competitive soon.
As commercial poultry cycles get shortened, there is an increasing need than ever for a sophisticated feeding regimen and feed specification. As a result, leading companies do year-round nutrition and feed technology research to ensure that their feed ingredients are optimum for poultry performance.
SYNCRA, a chicken feed supplement developed by DuPont de Nemours and Company, was announced in March 2019 to improve nutrient digestibility in poultry production.
| Attribute | Details |
|---|---|
| Market Size Value in 2023 | USD 216.5 billion |
| Market Size Value in 2033 | USD 365.6 billion |
| Market Analysis | USD billion for Value |
| Key Region Covered | North America; Europe; Asia Pacific; Central & South America; The Middle East & Africa |
| Key Segments | By Livestock, By Nature, By Feed Type, By Form, By Regional |
| Key Companies Profiled | Anko Food Machine Co. Ltd.; Berkshire Hathaway Inc.; Bucher Industries; John Bean Technologies Corporation (JBT); Hosokawa Micron Corp.; GEA Group; Mallet & Company, Inc.; NICHIMO CO., LTD.; SPX Corporation; Tetra Laval International S.A. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The growth potential of the market is estimated to be 5.4% through 2033.
The growing awareness towards animal cruelty is likely to limit market growth.
The United States is likely to capture a share of 65% by 2033.
The market in China may capture a valuation of USD 56.8 billion by 2033.
The United States, China, and the United Kingdom may witness significant growth in the market.
1. Executive Summary | Poultry Feed Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Animal Type 5.1. Layers 5.2. Broilers 5.3. Turkeys 5.4. Other Animal Types 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Nature 6.1. Conventional 6.2. Organic 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Feed Type 7.1. Wheat 7.2. Barley 7.3. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form 8.1. Granules 8.2. Pellets 8.3. Powder 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. Asia Pacific 9.5. MEA 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Berkshire Hathaway Inc. 17.2. Bucher Industries 17.3. John Bean Technologies Corporation (JBT) 17.4. Hosokawa Micron Corp. 17.5. GEA Group 17.6. Mallet & Company, Inc. 17.7. NICHIMO CO., LTD. 17.8. SPX Corporation 17.9. Tetra Laval International S.A. 17.10. Anko Food Machine Co. Ltd. 18. Assumptions & Acronyms Used 19. Research Methodology
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