Market Size of Canada Backyard Poultry Feed Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 93.83 Billion |
| Market Size (2029) | USD 122.63 Billion |
| CAGR (2024 - 2029) | 5.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Canada Backyard Poultry Feed Market Analysis
The Canada Backyard Poultry Feed Market size is estimated at USD 93.83 billion in 2024, and is expected to reach USD 122.63 billion by 2029, growing at a CAGR of 5.5% during the forecast period (2024-2029).
The supply chain for backyard poultry feed witnessed a disruption as the supply of containers and vessels has also been affected, along with the transport of certain micro-ingredients, due to logistics issues. The government ordered the partial closure of its international ports, promoting further disruptions in the poultry feed supply chain. However, the backyard poultry feed market grew in the later phases due to exemptions from lockdown restrictions and government initiatives to dispel the rumors with respect to poultry as a source of COVID-19, which led to an increase in demand for poultry, thereby boosting the growth of the sector.
Over the medium term, the rapidly increasing demand for backyard poultry meat is an important factor driving the market. Poultry is considered one of the most economical sources of protein, owing to which poultry products, such as egg and meat, witness growing demand. With rising demand for backyard poultry meat and eggs across households and fast-food restaurants in Canada, poultry producers ramp up their production to meet the growing demand. In recent years, several households and small and medium farmers have taken up backyard poultry to meet consumption needs. Interest in backyard poultry in the country increased further during the COVID-19 pandemic, as people were hesitant to buy from stores. People in the country took up backyard poultry to meet their dietary needs of poultry meat and eggs, which increased the demand for backyard poultry feed as well. Chicken and turkey are two of the most consumed and produced meats in Canada, with chicken being the most preferred for backyard poultry. The quality and price of backyard feed products are the most prominent factors for the market growth. Hence, due to the aforementioned factors, the market is anticipated to grow during the forecast period.
