Global poultry feed market is expected to reach above USD 226.20 billion in 2021 and at 2.90% CAGR between 2016 and 2021.
The report covers forecast and analysis for the poultry feed market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based revenue (USD Billion). The study includes drivers and restraints for the market along with the impact they have on the demand over the forecast period. Moreover, the report includes the study of opportunities available in the poultry feed market on a global level.
To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the poultry feed market has also been included, strategic development along with patents analysis is included in this report. The study encompasses a market attractiveness analysis, wherein type segments are benchmarked based on their market size, growth rate, and general attractiveness. In order to give the users of this report a comprehensive view on the poultry feed market, we have included a detailed competitive scenario and product portfolio of key vendors.
This report analyzes the poultry feed market on a global basis, with further breakdown into various segments. It provides cross-sectional analysis of the market based on parameters such as type, additives, and geography. The analysis covers market estimates in terms of revenue and forecast for the period of 2015 to 2021.
The poultry can be differentiated into broilers, turkeys, layers and other types. Amino acids, vitamins, feed enzymes, antibiotics, antioxidants and feed acidifiers are some of the additives added to the feed of poultry. All the segments have been analyzed based on present and future trends and the market is estimated from 2015 to 2021. North America, Europe, and Asia are the main regions covered in this report with its further split into major countries such as United States, Germany, Japan and China including for poultry feed market.
The report also provides the detailed profiles of key manufacturers in the market. Company overview, financial overview, product portfolio, the new project launched, recent development analysis are the parameters included in the profile. Novus International Inc, Alltech Inc., Charoen Popkhand Foods, Royal DSM N.V., Evonik Industries AG, BASF, CHR. Hansen Holdings A/S, Archer Daniels Midland Company, Cargill Inc., ABF Plc, Suguna Foods, InVivo NSA, DLG Group and Nutreco NV are some of the key players of poultry feed.
This report segments the poultry feed market as follows:
Global Poultry Feed Market: Type Segment Analysis
Global Poultry Feed Market: Additives Segment Analysis
Global Poultry Feed Market: Regional Segment Analysis
This report is based on in-depth qualitative and quantitative analyses of the global Poultry Feed market. Zion Research has collected and analyzed key data belong to the global Poultry Feed market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Poultry Feed across the world has been calculated through primary and secondary research.
Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Poultry Feed industry. Primary research makes up the major source of data collection and validation.
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Poultry Feed market.
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
Poultry are domestic birds raised for eggs, meat, manure and feathers. Poultry includes hen, duck, geese, turkeys and other birds. Poultry farming is domesticating of poultry for high yield of meat, eggs and manure. Poultry farming can be done either as family poultry and also industrial poultry farming. Poultry feed is an emerging business gaining huge importance due to high nutritional feed stock with high productivity.
Meat and eggs consists of high protein and water content and 5% of fat. Increasing health conscious nature among young generation has led high use of proteins through poultry product which stimulates the growth of poultry market. This in turn supports the demand for poultry feed market. Escalating poultry business in emerging economies due to high profit drives the poultry feed market. However, high initial and maintenance cost along with increasing prevalence of disease such as bird flu may hamper the growth of poultry feed market. Nevertheless, government support for expanding the poultry business in the emerging countries is likely to open new opportunities in the near future. Surging contract farming trend which provides set up with the feedstock is estimated to accelerate growth of the poultry market.
The poultry feed market can be segmented on the basis of type, additives, and regions. Depending on the meat, the poultry can be differentiated into broilers, turkeys, layers and other types. Broiler emerged as the most potential segment owing to high consumption of broiler meat globally. North America consumes the highest percentage of broilers in the world. The broiler is easily available worldwide and mostly preferred for taste.
Amino acids, vitamins, feed enzymes, antibiotics, antioxidants and feed acidifiers are some of the additives added to the feed of poultry. The additives are used in feed to improve the productivity, high quality, healthy and disease free poultry. Antibiotics and antioxidants are innovated products that are added to the feed. Antioxidants are added to the feed to prevent it from spoilage and for long durability of feed. Procaine penicillin, chlortetracycline, oxytetracycline, bacitracin, tylosin, streptomycin, are some of the antibiotics added to the feedstock. Antibiotics decrease mortality rate and promote high growth rate.
North America dominated the poultry feed market owing to high demand for broilers and huge preference for antibiotics poultry feed. Asia-Pacific is the fastest growing region and expected to maintain its pace in the forecast period. Factors attributing to the growth of the market are rapid development, rising population, change in consumption habits, particularly in India and China. Latin America is anticipated to experience high growth for poultry feed market due to profitable production of poultry. The Middle East and Africa are projected to have decent growth in the coming years. This is mainly due to rise living standards and growing consumption of poultry products.
The major players for the poultry feed market comprise of Novus International Inc, Alltech Inc., Charoen Popkhand Foods, Royal DSM N.V., Evonik Industries AG, BASF, CHR. Hansen Holdings A/S, Archer Daniels Midland Company, Cargill Inc., ABF Plc, Suguna Foods, InVivo NSA, DLG Group and Nutreco NV among others.