Poultry Feed Market

Global Poultry Feed Market Size (2024 to 2032)

The global poultry feed market was valued at USD 8.9 billion in 2023 and is anticipated to reach USD 9.44 billion in 2024 from USD 15.16 billion by 2032, growing at a CAGR of 6.10% from 2024 to 2032.

Globally, there has been an increase in the poultry feed market and this market is showing great potential in the forecast period. Poultry feed is the food given to farm animals, mainly chickens, turkeys, or any other animals that give meat. The objective of poultry feed is to make the farm animals healthier so that they can provide better meat or other products, like eggs.

For poultry feed to be healthy, it should contain lots of protein and carbohydrates, along with a sufficient amount of vitamins, minerals, and an adequate amount of water. With the increase in demand for meat and eggs, the market has also grown a lot. Hence, the research to make better poultry feed has increased and there have been many developments since the early 2000s. The critical relocation of feed demand from west to east in the 2000s led to increased outputs of formulated compound feed.

Global Poultry Feed Market Drivers

With the increase in spending capabilities of people due to increased incomes of people, more urbanization, mainly drivers moving to big cities, and increasing population, there has been a huge increase in demand for animal protein, especially meat, and eggs, hence triggering the increase in demand of poultry feed and additives. In addition, people’s increasing fondness for eating outside at fancy restaurants is also driving this market. There has also been an increase in poultry-related diseases in the recent past, so it is the factor that is concerning people and taking away from poultry products that affect the poultry feed market.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Poultry Feed Market By Feed Additives

Feed acidifiers are attributed to the largest share among all other poultry additive segments globally.

REGIONAL ANALYSIS

With the shift in demand for poultry products from west to east, the Asia-Pacific region is the fastest-growing region among all the other regions mentioned while North America is having the largest share of the market.

KEY MARKET PLAYERS

Some of the major companies dominating the market, by their products and services, include JBS S.A. (Brazil), Tyson Foods (U.S.), BRF (Brazil), CP Group (Thailand), Wen’s Food Group (China), Royal DSM N.V. (The Netherlands), Charoen Popkhand Foods (Thailand) and ADM (Archer Daniels Midland Company) (U.S).

DETAILED SEGMENTATION OF THE GLOBAL POULTRY FEED MARKET INCLUDED IN THIS REPORT

This research report on the global poultry feed market is segmented and sub-segmented into the following categories.

By Poultry Production

• Broilers
• Turkeys    
• Layers and others

By Feed additives

• Amino acids
• Feed enzymes
• Antioxidants
• Vitamins
• Antibiotics
• Feed acidifiers

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East & Africa