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Poultry Feed Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Poultry Feed Market is Segmented by Animal Type (Layer, Broiler, Turkey, and Other Animal Types), Ingredient (Cereal, Oilseed Meal, Molasses, Fish Oil and Fish Meal, Supplements, and Other Ingredients), and Geography (North America, Europe, Asia-Pacific, South America, and Africa).

Market Snapshot

Poultry Feed Market Overview
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 4.1 %

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Market Overview

The poultry feed market is projected to register a CAGR of 4.1% during the forecast period (2021-2026). The COVID-19 pandemic and restrictions aiming to contain it led to the shutdown of poultry feed companies across the globe in the initial phase, which in turn, resulted in the shortage of feed for livestock farmers. Hence, the initial COVID-19 lockdown caused disruptions in the logistics system, which affected the supply of poultry feed across the globe. However, the poultry feed market grew in the later phases due to exemptions from lockdown restrictions and an increase in poultry meat consumption. The increasing demand for poultry meat products is the major factor 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 50% of the live market weight of ruminants and 30% of poultry is the by-product. These by-products are rendered, ground, and available as a feed source for poultry. Poultry meat is a growing trend on the global front, and it increased from 119,205.21 metric ton in 2018 to 120,884.63 metric ton in 2019 (OECD, 2020). Thus, the demand for compound feed is projected to increase over the forecast period to meet the specific feed requirements.

Scope of the Report

The report contains an analysis of the various parameters of the poultry feed market. The study involves the analysis of poultry feed and its market demand. The report presents a wide-range analysis of the share, size, and trends of the poultry feed market. The market operates in the B2C model, and market sizing is carried out at the consumer level. The poultry feed market is segmented by animal type (layer, broiler, turkey, and other animal types), ingredients (cereal, oilseed meal, oil, molasses, and other ingredients), and geography (North America, Europe, Asia-Pacific, South America, and Africa).

Animal Type
Layer
Broiler
Turkey
Other Animal Types
Ingredient
Cereal
Oilseed Meal
Molasses
Fish Oil and Fish Meal
Supplements
Other Ingredients
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
France
Germany
Russia
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Africa
South Africa
Rest of Africa

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Key Market Trends

Increasing Demand for Poultry Meat Products

The poultry sector is one of the fastest-growing meat sectors, owing to the increase in poultry meat consumption. 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. The global poultry meat production is growing, with two-thirds of the increase originating in the Asia-Pacific region. The US consumption of poultry meat is also increasing, as it is considered a convenient product that is easily available in the market. In China and India, the demand for livestock products has been increasing due to rapid economic growth. Factors such as population, real income growth, price of poultry meat, which is relatively cheaper than other meat, and changes in dietary preferences of consumers are influencing the per capita consumption of poultry meat across the globe, which is expected to fuel the market growth of poultry feed during the forecast period.

Poultry Feed Market Trends

Asia-Pacific Dominates the Market

The poultry sector in China experienced vigorous growth over the past two decades in terms of poultry numbers and the level of output per bird. Higher levels of production are associated with the spread of intensive systems in which food conversion ratios are high. There was an increase in the share of poultry production in China’s total livestock production, which grew at a much faster rate than pork production. The demand for poultry feed continues to be high in emerging economies of Asia-Pacific in countries like China and India. This leads to the increasing use of quality feed for a higher poultry population. Also, the global poultry meat production is growing, with two-thirds of the increase originating in the Asia-Pacific region.

Poultry Feed Market Growth Rate By Region

Competitive Landscape

The poultry feed market is fairly fragmented, with the presence of various participants across several regions. The market studied displays unique characteristics, such as very few large manufacturing companies and a highly unorganized market with several regional players with small market shares. The leading companies are focused on acquiring feed mills and small manufacturing facilities for the expansion of their businesses in domestic and international markets.

Recent Developments

In October 2019, Cargill launched a feeding intelligence platform that provides resources for farmers on the latest intelligent animal production practices and is aimed at helping them navigate and improve their operations across all species.

In May 2018, Alltech launched a poultry feed additive named Viligen, which contains a range of unique scientifically-backed ingredients to promote gastrointestinal tissue growth and activity.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Animal Type

      1. 5.1.1 Layer

      2. 5.1.2 Broiler

      3. 5.1.3 Turkey

      4. 5.1.4 Other Animal Types

    2. 5.2 Ingredient

      1. 5.2.1 Cereal

      2. 5.2.2 Oilseed Meal

      3. 5.2.3 Molasses

      4. 5.2.4 Fish Oil and Fish Meal

      5. 5.2.5 Supplements

      6. 5.2.6 Other Ingredients

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Spain

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Germany

        5. 5.3.2.5 Russia

        6. 5.3.2.6 Italy

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 India

        3. 5.3.3.3 Japan

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Rest of Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Charoen Pokphand Foods

      2. 6.3.2 Cargill Inc.

      3. 6.3.3 Alltech Inc.

      4. 6.3.4 Archer Daniels Midland

      5. 6.3.5 De Heus BV

      6. 6.3.6 Land O’ Lakes Inc.

      7. 6.3.7 ForFarmers

      8. 6.3.8 Nutreco NV

      9. 6.3.9 Invivo

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. AN ASSESSMENT OF THE COVID-19 IMPACT ON THE MARKET

**Subject to Availability

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Frequently Asked Questions

The Poultry Feed Market market is studied from 2016 - 2026.

The Poultry Feed Market is growing at a CAGR of 4.1% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Charoen Pokphand Foods, Cargill Inc., Alltech Inc., Archer Daniels Midland, De Heus B.V. are the major companies operating in Poultry Feed Market.

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