Market Size of Asia Pacific Poultry Feed Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 3.20 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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APAC Poultry Feed Market Analysis
The Asia Pacific Poultry feed market is projected to register a CAGR of 3.2% during the forecast period 2020-2025. The increasing demand for poultry meat products is the major factor that is driving the market. The increasing industrial livestock production and the increasing demand for organic feed are two other factors augmenting the growth of the market studied. As poultry requires 60% protein, 13% fat, and 3% calcium, the required nutrient content is met majorly by poultry by-products and fish meal. Approximately 30% of the live market weight of poultry is the by-product. These by-products are rendered, ground, and available as a feed source for poultry.