The global poultry feed market was estimated at USD 3,161.14 million in 2017. The industry is expected to register a CAGR of over 3.91% over the forecast period.
Increasing the productivity of poultry is critical to feeding the growing global population. However, high feed prices are acting as a restraint to the poultry feed market. Global poultry meat production is growing, with two-thirds of the increase originating in Asia-Pacific region itself.
The poultry sector of Argentina is exhibiting growth due to government-supported investment and competitive feed prices. Additionally, the poultry meat is growing in the EU and the Russian Federation to meet increasing domestic demands. Increased investment and a consumer shift from pork to poultry have led to increased production in China. Production gains are expected in countries like India, Indonesia, Japan, Malaysia, and Thailand.
Source: Nation Chicken Council
The recent ban on antibiotics as growth promoters for animals by the EU and the United States is expected to open new business opportunities in the poultry feed market. This ban is expected to increase the uptake of other feed additives such as enzymes, feed acidifiers, and other direct-fed microbial for improving poultry meat quality and poultry by-products. The ban has led livestock producers to identify new ways to stimulate production among fowls and to deliver the same benefits provided by antibiotic growth promoters. However, following the ban, meat producers outside the EU and United States, who export poultry products to these regions will find it difficult to match the export standards. Several different feed additives, such as enzymes, amino acids, probiotics, prebiotics, organic acids, and proprietary blends, are emerging as potential alternatives. However, the general belief is that there is no direct replacement available for antibiotic growth promoters and further research is needed to prove the effectiveness of alternative products.
Looking to Customize Report?