Global Food Truck Market is Predicted an Elevation Up to USD 199 Billion By 2027 with a Growing CAGR of 5% | Infinium Global Research

 By- Infinium Global Research

Infinium Global Research has released a new report offering a deep dive into the global poultry feed market. It analyzes market segments and sub-segments across various regions. The report goes beyond just trends and figures, examining the short and long-term impact of key drivers, restraints, and economic factors. Notably, the report predicts the global poultry feed market is projected to reach USD 262 billion by 2027 from USD 199 billion in 2021, growing at a CAGR of 5% over the forecast period of 2021-2027.

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Poultry feed itself is a carefully formulated blend of nutrients to optimize bird health and product quality. It includes minerals, vitamins, carbs, proteins, and water, with carbs and lipids providing most of the energy for growth. Protein intake is also crucial, and the lack of anti-nutritional elements ensures proper digestion.

Several factors are propelling the poultry feed market forward. One key driver is the increasing demand for poultry meat, driven by affordability and a consumer shift towards white meat. Additionally, rising health consciousness is leading to a focus on protein intake, further boosting global meat consumption. The rise of industrial livestock production and the growing demand for organic feed are also contributing to market growth.

The report segments the poultry feed market by nature (conventional vs organic), feed type (complete feed, concentrates, premix), distribution channel, and region. Conventional feed, while not organic, provides the same or even better levels of nutrition. It typically includes grains like corn, rice, and wheat, along with protein sources like fishmeal and soybean meal. This type of feed is expected to hold the largest market share due to its affordability and established benefits.

To Know More Visit: https://www.infiniumglobalresearch.com/reports/global-poultry-feed-market

Regionally, the report highlights North America's significant growth potential due to its focus on research and development in feedstock and poultry feed production. The Asia-Pacific region, however, is projected to experience the highest growth rate. This market already boasts the largest revenue share globally and is poised for continued dominance. Government support for the poultry industry in India and China, coupled with a focus on enriching feeds with probiotics and prebiotics to enhance product quality, is creating significant opportunities for feed manufacturers in this region.

Market Segmentation:

The report dissects the global poultry feed market into two key segments: animal type and additives. When it comes to animal type, the market is further divided into sub-categories for layers (egg-laying hens), broilers (meat chickens), and turkeys. The additives segment dives deeper, exploring sub-markets for antibiotics, vitamins, amino acids, feed enzymes, and feed acidifiers.

Market Dynamics:

Positive Influences (Drivers):

  • Animal Health Focus: Growing emphasis on animal well-being will drive the need for high-quality poultry feed, supporting market growth. This aligns with the rising demand for animal products and the increasing adoption of natural growth promoters. Consumer awareness of the benefits of feed additives in reducing illness further fuels market demand.

Negative Influences (Restraints):

  • Raw Material Price Fluctuations: The poultry feed industry is vulnerable to price swings in essential ingredients like grains and soybean meal. This volatility can lead to higher production costs and lower profits for feed manufacturers.
  • Environmental Concerns: Environmental regulations and scrutiny surrounding emissions and waste management in the poultry industry can lead to stricter rules and higher production costs.
  • Disease Outbreaks: Avian influenza and other poultry diseases pose significant risks. Trade restrictions, production drops, and bird culling due to outbreaks can result in substantial financial losses.

Emerging Opportunities:

  • Organic Meat Demand: Growing consumer concerns about food safety are driving demand for premium chicken feed that ensures meat safety.
  • Focus on Animal Diet: Farmers are increasingly recognizing the importance of a healthy animal diet. This shift is leading them to adopt premium and functional feeds that promote animal health and resilience to diseases.
  • Organic Meat Trend: The rising demand for organic meat in developed nations, coupled with advancements in animal rearing techniques and stricter farming standards, creates a positive outlook for the poultry feed market.

Market Keyplayers:

  • Alltech Inc.
  • The Archer Daniels Midland Company
  • Cargill, Incorporated
  • Novus International, Inc.
  • Associated British Foods plc.
  • BASF SE
  • Chr Hansen Holding A/S
  • Evonik Industries AG
  • Charoen Pokphand Foods PCL
  • Henraajh Feeds India Pvt. Ltd.

 

Contact Us:

Infinium Global Research LLP

Mob: +91 9923950043

Email: info@infiniumglobalresearch.com

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