Poultry Feed Market

Poultry Feed Market Growing at Steady CAGR to 2027

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Poultry feed is the food sources which are primarily used for avian husbandry including bids such as geese, chicken, ducks, and other domestic fowl. Poultry feed is available in various formats including pellets, powder, briquettes, and granules. These products are available in conventional and organic forms as well, and usually comprise a blend of soybean, corn, and other blended grain for superior nutritional profiles.

The global poultry feed market is projected to grow at a healthy CAGR of ~ 7 per cent, through the end of the forecast period in 2027. This growth can be largely attributed to the rapid increase in poultry consumption on a global scale, as a relatively cheaper source of protein.

Black Soldier Fly Larvae Get Traction as Ingredient

Insect protein has rapidly become a major ingredient in a number of poultry feed formulations. Regulatory bodies such as the FDA have been stressing the use of protein meals made from insect larvae and other dried insects for incorporation in to poultry feed variants.

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Poultry Feed Market to Record an Exponential CAGR by 2027

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Shift towards high protein diet and increasing preference for poultry meat continues to influence the growth of the poultry feed market worldwide. Rising exports of poultry, particularly from the European Union and the United States, have remained instrumental in driving the need for enhanced poultry production, in turn fuelling sales of the poultry feed. Fact.MR envisages that the demand for poultry feed is projected to expand at a CAGR of 7.1% in terms of volume during the period of forecast, 2018-2027. The poultry feed market report also reveals that the sales volume of poultry feed are likely to cross 890,000,000 tons by the end of the assessment year.

Poultry feed producers have been focusing on carrying out developments in their products and processing methods in a bid to cater to the growing needs of consumers as well as abide by laws laid by regulatory authorities regarding GHG (Green House Gas) emissions. This has also triggered the use of clean labels as a measure to assure safety of poultry products by communicating ingredient information to the consumer. In addition, being largely driven by industry-specific aspects, manufacturers of poultry feed can expect momentous growth in the forthcoming years, says the report.

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Poultry Feed Market, 2015-2025 by Segmentation Based on Product, Application and Region

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Poultry feed market is a part of vast animal feed market and makes an important part of it as poultry is invariably consumed in most parts of the world. The concept of animal feed has been there in the market for several years especially in the developed markets. However, with the advent of globalization and rise in the standard of living of consumers, companies are expanding in the emerging markets of the world with improved products and wide range of options for each animal group. Poultry meat is the highest among others such as pork, beef and fish meat. Therefore, vast opportunity lies in the poultry feed segment.

Poultry Feed Market: Drivers & Restraints