Bonafide Research has published new research in the Global poultry feed market is anticipated to grow at a CAGR of 5.29% by 2023, according to a new report published by the Bonafide research company. The report segments the market and forecasts its size, by volume and value, on the basis of by-products, and by geography (North America, Europe, Asia-Pacific, MEA, and South America). The high protein diet and increasing preference for poultry meat continue to influence the growth of the poultry feed market worldwide. Rising exports of poultry, particularly from the European Union and in turn fuelling sales of the poultry feed the United States, have remained instrumental in driving the need for enhanced poultry production. Poultry feed producers have been focusing on carrying out developments in their products and processing methods in a bid to cater to the growing needs of consumers as well as abide by laws laid by regulatory authorities regarding GHG (Green House Gas) emissions. This has also triggered the use of clean labels as a measure to assure the safety of poultry products by communicating ingredient information to the consumer.
Corn as a source for poultry feed has gained significant traction for the past couple of years. Poultry feed derived from corn provides high nutrition and palatability along with high protein and low-fat content. Corn poultry feed can replace other sources such as soybean by offering cost superior reductions during production.
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Demand for poultry feed continues to remain concentrated in the emerging economies of Asia Pacific. Countries such as China and India have been showcasing an increasing preference for broiler meat for the past few years. This has resulted in the increasing dependence on quality poultry feed to cater to the growing poultry production. On the other hand, sales of poultry feed in the United States are likely to account for a lion’s share in the poultry feed market, making North America an attractive region for stakeholders from an investment standpoint. Overall, stakeholders in the poultry feed market can expect an opportunistic scenario driven by a combination of industry-specific and macroeconomic factors during the assessment period. Growing broiler production is likely to trigger the sales of poultry feed across the globe. USDA (United States Department of Agriculture) estimates that broiler production is anticipated to increase by 2 percent by the end of 2018.
Table of Content:-
Part 1. Summary
Part 2. Report Methodology
Part 3. Market Overview
Part 4. Industry Value Chain
Part 5. Competitive Landscape
Part 6. Segmentation by Type
Part 7. Segmentation by Application
Part 8. Regional Perspectives
Part 9. Company Profiles
Part 10. Market Forecast
Part 11. Market Drivers
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