Fatpos Global has released a report titled “Poultry Feed Market - Analysis of Market Size, Share & Trends for 2021 – 2022 and Forecasts to 2032” which is anticipated to reach USD 338.4 billion by 2032. According to a study by Fatpos Global, the market is anticipated to portray a CAGR of 5.3% between 2022 and 2032. According to the market research study, growing population, urbanization, and increase in the disposable income has induced the demand of poultry based products, rising awareness related to poultry health and expansion in poultry production are the major factors driving the growth of Poultry Feed Market.
“The growing safety concerns and demand for clean label products is propelling the demand of Poultry Feed. Furthermore, growing awareness among consumers related to protein intake in daily diet has induced the consumption of meat and eggs which is boosting the growth of Poultry Feed market. ”, said a lead analyst at Fatpos Global.
Poultry Feed is a feed for poultry birds including turkeys, chickens, ducks, and geese. Poultry feed provides high nutrition and promotes growth and development of birds. Modern feed contains sufficient amount of carbohydrates, proteins, and vitamins for improving overall health of the poultry birds. Healthy poultry results in good quality of end products such as eggs, and meat, which increases the profitability of the farmers. Poultry feed is made from grains, soybeans, corn, etc. It contains additives such as vitamins, antibiotics, amino acid, antioxidants and feed enzymes among others. Poultry Feed is available in the form of pellets, mash, crumbles and others.
Poultry Feed market is classified on the basis of type into Layers, Broilers, Turkey, and Others. Broilers segment is dominating the market with the largest share. The growth is attributed to the rising demand of chicken meat as it is a rich source of protein and is available at a cheap rate. Furthermore, Layers segment also holds a significant share in the market owing to the huge demand for eggs.
Some of the key players operating in the Poultry Feed Market are BASF SE, CHR. Hansen Holdings A/S, Lallemand Inc., Novus International Inc., Royal DSM N.V., Alltech Inc., ADM, Charoen Popkhand Foods, ABF Plc, Cargill Incorporated, Nutreco, Land O'Lakes, Inc., ForFarmers, Kent Nutrition Group, Perdue Farms, and Other Prominent Players.
In the latest market study conducted by Fatpos Global thrives to present an unbiased analysis of the Poultry Feed Market that covers the historical demand data as well as the forecast figures for the period, i.e., 2022-2032. The study includes compelling insights into growth that is witnessed in the market. Poultry Feed market is classified on the basis of type into Layers, Broilers, Turkey, and Others. Poultry Feed market is classified on the basis of additives into Antibiotics, Vitamins, Antioxidants, Amino Acid, Feed Enzymes, and Others. Poultry Feed market is classified on the basis of form into Mash, Pellets, Crumbles, and Others. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and Middle East and Africa.
About Fatpos Global
Fatpos Global is a leading management consulting, advisory and market research organization that serves its clients globally by its team of experts and industry veterans that have years of expertise for management consulting, advisory and market research analysis. The organization functions across business consulting, strategy consulting, market research, operations consulting, financial advisory, human resources, risk & compliance, environmental consulting, software consulting and sales consulting amongst others, and aims to aid businesses with bold decisions that help them embrace change for their sustainable growth.
For more details, reach out to us@ info@fatposglobal.com
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