Favorable Regulatory Approvals for Novel Poultry Feeds to Assist the Market Surpass US$ 225.2 Bn by 2032

Organic Poultry Feeds Accounts for Over Three-Fifth of Total Poultry Feed Demand

The latest study published by Fact.MR provide a compelling insights into the global poultry feed market from 2022 to 2032. This study uncovers key dynamics such as driven and opportunities across 6 regions. It also offers sales forecast in market on the basis of product type, source, form, nature, and sales channel for the coming decade.

NEW YORK, May 3, 2022 /PRNewswire/ -- The global poultry feed market is estimated to create an absolute $ opportunity of over US$ 102.4 Bn by the end of 2032. Overall sales of poultry feed are expected to surpass US$ 122.9 Bn by 2022, exhibiting growth at a CAGR of 6.2% over the forecast period 2022-2032.

With increasing demand for high-quality meat, numerous poultry farmers are shifting their preference towards modern feed for their poultry birds such as chickens, ducks, and others to enhance the flavor and texture of their meat.

Hence, to cater to the growing demand, leading players are developing modern poultry feed by meticulously selecting and mixing ingredients to offer a highly nutritional diet to poultry birds. On account of this, the sales of poultry feed are estimated to exceed US$ 225.2 Bn by 2032.

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Nutrients such as minerals, proteins, carbs, vitamins, and water are important elements. Deficiency of which, in the feed, can result in affecting the health, development, and reproduction of poultry birds. On the back of this, numerous regulatory organizations are granting approval for new high nutritious feeds.

For instance, in September 2018, the Association of American Feed Control Officials (AFFCO) granted approval for the use of high protein feeds produced from whole dried insects and insect larvae for poultry in the U.S.

Hence, growing emphasis of regulatory authorities on development of modern feeds across the U.S. is expected to drive the market in North America. As per Fact.MR, the region accounted for nearly 31% of the total sales in 2021.

Key Takeaways:

• The U.S. is estimated to emerge as the leading market in North America, driven by favorable regulatory poultry feed approvals.
• China will emerge as a highly lucrative market in East Asia, owing to the growing demand for high-quality poultry products such as meat and eggs in the country.
• The U.K. and Germany are projected to, collectively, account for the dominant share in Europe, on account of increasing adoption of dynamic predictive software tools in poultry feed management.
• On the basis of product type, the broiler segment is forecast to account for the maximum sales, favored by the high end-use demand for broiler products.
• In terms of nature, organic poultry feeds are anticipated to emerge as the most sought-after, accounting for nearly 67.8% of the sales through 2032.

Growth Drivers:

• Growing emphasis on ensuring providing required nutrition to poultry birds for increasing immunity against diseases is favoring the demand in the market.
• Surging consumption of white meat and demand for power eggs across the countries such as the U.S., China, India, and the U.K, will boost the poultry feed market.

Restraints:

• Relatively high cost of organic poultry feeds in comparison to conventional ones is hindering the sales across the organic segment.
• Implementation of stringent regulations regarding the poultry feeds, due to rising scandals related to poultry production, are hampering the growth in the global market.

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Competitive Landscape:

Key players in the poultry feeds market are focusing on new product development to expand their product portfolio. Besides this, some to the companies are adopting strategies such as collaborations, partnerships, mergers, and acquisitions to gain edge in the global market.

For instance,

• In 2021, Associated British Foods Plc., a British multinational food processing company, announced introducing animal neonate specialist business AB Neo, focusing on needs of young farm animals. It manufacturers a range of products including feeds for poultry and cattle.
• In 2020, ForFarmers, a Dutch innovative feed solution provider announced acquiring poultry sector of De Hoop Mengvoeders, to expanding its production and increasing revenue share across Europe.

Key Companies Profiled by Fact.MR

• ForFarmers N.V.
• Associated British Foods Plc
• Anko Food Machine Co. Ltd.
• Bucher Industries
• John Bean Technologies Corporation
• Mallet & Company Inc.
• SPX Corporation
• GEA Group
• Tetra Laval International S.A.
• Hosokawa Micron Corporation
• BASF SE
• Other

More Valuable Insights on Poultry Feed Market

In its latest study, Fact.MR highlights crucial factors steering growth in the global poultry feed market for the forecast period of 2022 to 2032. The study also provides key insights into drivers that are expected to create growth prospects in the poultry feed market through detailed segmentation as follows:

By Product Type

• Broiler
• Layer
• Others

By Source

• Corn
• Wheat
• Soybean
• Blend Grains
• Other

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
• East Asia
• South Asia & Oceania
• MEA

Key Questions Covered in the Poultry Feed Market Report

• What is the estimated revenue of the poultry feed market during the forecast period?
• Which are the challenges faced in the poultry feed market?
• Which region is estimated to exhibit fastest growth rate in the global poultry feed market during 2022-2032?
• What is the projected market valuation of the poultry feed market in 2022?
• Which are the factors driving the poultry feed during 2022-2032?
• What is the expected growth rate of the poultry feed market until 2032?

Explore Fact.MR's Coverage on the Food & Beverage Domain

Choline Market: Growing consumption of poultry meat on the coattails of shifting preference for red meat across the world is estimated to boost the demand for choline across the poultry feed sector. In addition to this, increasing application scope of choline in animal feed, dietary supplements, and even infant formula is expected to accelerate the growth in the choline market.

Swine Feed Market: Rising emphasis on the development high-quality and more effective animal feeds to improve the farm animal immunity against enzootic disorders. Also, increasing customer demand for high-quality pork and growing consumption of pork across the globe are projected to favor the growth in the swine feed market.

Pectin Market: Pectin is considered one of the most safest and acceptable food additives, making it a highly more popular choice as food additives. It exhibits exceptional gelling, stabilizing, and thickening properties, due to pectin has increasingly being used in food & beverage, animal feed, and pharmaceutical industry.

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