The report titled “Poultry Feed Global Market Report 2018 Including: Poultry Feed Covering: Alltech,Cargill,BASF SE,Archer Daniels Midland Company,Evonik Industries“”, provides a comprehensive analysis of global poultry feed market, leading players, leading countries in global poultry feed, poultry feed and feed additives market, factors affecting global poultry feed market, advanced poultry feed supplements and future of global poultry feed market.
Industry Overview: Animal feed plays an essential role in the food chain because feed is the most crucial contributor in ensuring safe, abundant and affordable animal protein. The never-ending growth in global population and increase in consumer’s income has demanded for healthy animal protein around the world. The poultry feed industry is a part of animal husbandry. The demand for animal protein has propelled the need for growth of poultry globally. The poultry feed market is characterized by leading trends such as non-traditional poultry feed ingredients, genetically modifies feed and technological innovation within the industry.
Poultry Feed, Leading Vendors, and Geography: Feed is used to provide complete nutrition to poultry such as cereals, cakes and meals, co-products from the food sector, minerals, additives, vitamins, oils and fats, and supplements such as silage of legumes, grass, and hay or harvested crops. All the poultry feed has high fiber content, vitamins, minerals, and other nutritional components and the feed plays an important role in ensuring safe, affordable, and abundant animal protein. The global poultry feed market is segmented into energy source, plant protein source, animal protein source, mineral supplements, additives, and others. The global poultry feed market is spread across APAC, Middle East and Africa, Europe, North America, Latin America, and rest of the world. The global poultry feed market is spread geographically across North America, Europe, China, Japan, Brazil, Australia, Russia, UK, Southeast Asia, and India.
Global leading vendors in the poultry feed are ADM, Alltech, Charoen Popkhand, Chr. Hansen, Evonik Industries, Novus International and Royal DSM. Other prominent vendors are AB Vista, ABF, Addcon Group, Adisseo, Ballance Agri-Nutrients, BASF, Cargill, Danisco, De Hues, DeKalb Feeds, Ewos Group, Kemin Industries, Kent Feeds, Kyodo Shiryo, Land O Lakes Purina, New Hope Group, Novozymes, Nutreco, SKM Animal Feeds & Foods, Venky’s, Wen’s Group and Weston Milling Animal Nutrition.
Global Poultry Feed and Feed Additives Market: The global poultry feed market is currently witnessing a steady growth owing to the increasing demand for protein rich convenient food that is poultry meat and poultry meat products. Various poultry feed additives are added to the poultry feed to improve their nutritive value and enhance their functionality. Poultry feed is majorly used to feed poultry such as chickens, turkeys, ducks, geese, and other domestic birds. The poultry additives are used in poultry feed to improve the efficiency of the bird’s growth and/or egg laying capacity, prevent diseases, and improve feed utilization. The most common feed additives used in poultry diets are antibiotics, vitamins, antibiotics, vitamins, antioxidants, amino acids, feed enzymes, acidifiers, and others. Asia-Pacific and North America are the major consumers of poultry feed and collectively account for more than 60% of the total global consumption.
Factors Affecting the Poultry Feed Market: The major factor affecting the poultry feed in the global market is the demand for healthier poultry products. The major challenge in the poultry feed market is monitoring the poultry feed mixes. There is also a demand for feed enzymes in the global market. The major products in the global poultry feed market are chicken feed, duck feed and others. The global poultry feed is used in large farms, home use and others. The industry is primarily engaged in manufacturing feed from ingredients, such as oilseed mill products, grains, meat and fish products.
Future of Poultry Feed Market: The major factors affecting the poultry feed market is the revenue, production, market share, price, growth rate, manufacturing cost, concentration rate, and cost for each feed product type. Majority of the manufacturers also analyze their manufacturing base, sales area, competitors, product category, application, and specification. The bio-base livestock feed or poultry feed supplements have taken over the traditional poultry feed. The advancements in the feed market is majorly driven by government regulations and demand for alternative supplements. New poultry feed supplements create more opportunities for feed producers, farmers, nutritionists and others involved because they are cheaper, healthier, more nutritious and environmental friendly source for poultry animals. The global poultry feed industry revenue has witnessed a rapid growth over the recent years and is expected to continue growing by the end of 2023.
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