North America Poultry Feed Market Size (2024 - 2029)

North America Poultry Feed Market Analysis

The North America Poultry Feed Market size is estimated at USD 56.39 billion in 2024, and is expected to reach USD 70.04 billion by 2029, at a CAGR of 4.43% during the forecast period (2024-2029).

• The North American poultry feed market is experiencing robust growth, driven by surging demand for poultry meat products. This expansion is further supported by a growing appetite for organic feed and an increase in poultry production. Poultry, recognized as a cost-effective protein source, is consistently witnessing demand for its products, particularly eggs and meat. In 2022, sales in the poultry sector in the United States (U.S.) reached USD 76.9 billion, a significant 67 percent increase from the previous year. Data from the United States Department of Agriculture highlights this growth: broiler sales jumped by 60 percent, turkey sales increased by 21 percent, and egg sales saw a remarkable 122 percent surge, all bolstering poultry feed consumption.
• United States, Canada, and Mexico have reported heightened poultry meat consumption in recent years. According to the Canadian Cattle Association, per capita poultry meat consumption in Canada rose from 34.3 kg in 2020 to 35.2 kg in 2022. This escalating demand for poultry meat and eggs has directly spurred an uptick in poultry feed consumption. In response to this burgeoning demand, producers are turning to scientific feeding practices to enhance yields. However, they grapple with challenges like rising costs of feed raw materials and stringent regulatory conditions.
• Industry giants such as Alltech Inc., Cargill Inc., Archer Daniels Midland, Nutreco NV, and Land O’ Lakes Inc. dominate the poultry feed market. These leading players employ strategies like product launches, partnerships, collaborations, mergers, and acquisitions to cement and uphold their market leadership.

North America Poultry Feed Industry Segmentation

The commercially manufactured food for farm poultry, including chickens, ducks, geese, and other domestic birds, is referred to as poultry feed. Healthy poultry requires an appropriate amount of protein and carbohydrates, the necessary vitamins, dietary minerals, and an adequate supply of water supplied through the feed. Feed compounders manufacture them as meal types, pellets, or crumbles. The North America Poultry Feed Market is Segmented by Animal Type (Layer, Broiler, Turkey, and Others), by Ingredients (Cereal, Oilseed Meal, Oil, Molasses, And Other Ingredients), by Supplement (Vitamins, Amino Acids, Antibiotics, Enzymes, Anti-Oxidants, Acidifiers, Probiotics and Prebiotics, and Other Supplements), by Geography(United States, Mexico, and Canada, and Rest of North America). The report offers the market sizing and forecasts in value (USD) and Volume (metric tons) for all the above segments.