Increasing animal protein demand is expected to remain a key driving factor for poultry feed market growth over the next six years. Growing fast food and processed food demand coupled with increasing poultry exports from Asia Pacific is expected to further strengthen the market growth. Increasing poultry consumption in the U.S., UK and Argentina on account of rising beef prices is expected to have a positive impact on the global market. Lenient government regulations regarding animal feed in countries such as China, India and Brazil is expected to further complement global poultry feed market growth. Poultry dominates meat market globally primarily owing to lack of any religious implications that are associated with beef and pork. Broilers account for more than half of the poultry market, followed by layers and a minimal share by turkeys. Prevalence of poultry diseases such as bird flu is expected to have an adverse impact on the market. Packaged poultry feed demand is expected to witness higher growth rates in contrast to traditional poultry feed which in turn is expected to provide new opportunities for industry participant’s growth.
Asia Pacific is a major poultry feed market and is expected to register significant growth over the forecast on account of increasing poultry consumption. Changing lifestyles, increasing disposable income and population growth is expected to positively impact the Asia Pacific market. Other significant demand is expected from key regions of North America and Europe Countries in these regions such as the U.S. and UK is expected to witness steady growth rates owing to high feed grain availability.
Poultry market is highly fragmented and competitive in nature. Key industry participants include Novus International Inc., Royal DSM N.V., Alltech Inc. and Evonik Industries AG. Other key producers include BASF (Badishce Anilin Sodafabrik), Chr. Hansen Holdings A/S, Charoen Pokphand PLC., Associated British Foods plc., Cargill Inc., Land O’ Lakes, Inc., Wen’s Food Group, New Hope Group, Forfarmers B.V., Miratorg Agribusiness Holding, KYODO SHIRYO Co., Ltd., Kent Nutrition Group, Inc., Westeon Milling Animal Nutrition, ZHENG DA International Group, EWOS – Group, Balance Agri-Nutrients Ltd., J.D. Heiskell & CO., Nutreco N.V., De Heus Voeders B.V., DeKalbs Feeds, Inc., Sodrugestvo Group and ADM Company.
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