Who are the key players in Poultry Feed Market?

Charoen Pokphand Foods PCL, Cargill Inc., Land O Lakes Inc., De Heus BV and SHV (Nutreco NV) are the major companies operating in the Poultry Feed Market. Read More

Which is the fastest growing region in Poultry Feed Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Poultry Feed Market?

In 2024, the Asia-Pacific accounts for the largest market share in Poultry Feed Market. Read More

What years does this Poultry Feed Market cover, and what was the market size in 2023?

In 2023, the Poultry Feed Market size was estimated at USD 204.96 billion. The report covers the Poultry Feed Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Poultry Feed Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Poultry Feed Market Size

Market Size of Poultry Feed Industry

Study Period	2019 - 2029
Market Size (2024)	USD 213.95 Billion
Market Size (2029)	USD 262.81 Billion
CAGR (2024 - 2029)	4.20 %
Fastest Growing Market	Asia-Pacific
Largest Market	Asia-Pacific
Market Concentration	Low
Major Players *Disclaimer: Major Players sorted in no particular order

Poultry Feed Market Analysis

The Poultry Feed Market size is estimated at USD 213.95 billion in 2024, and is expected to reach USD 262.81 billion by 2029, at a CAGR of 4.20% during the forecast period (2024-2029).

The global poultry feed market is experiencing significant growth, driven by an increasing worldwide population and rising demand for poultry meat across various sectors, particularly in fast-food restaurants. This heightened demand for nutritious poultry meat is expected to propel market expansion. Poultry is considered one of the most economical protein sources, leading to consistent growth in demand for products such as eggs and meat. According to the Organization for Economic Co-operation and Development (OECD), the per capita consumption of poultry meat in the United States increased to 35.7 kg in 2023, a 2.3% rise from the previous year. Additionally, rising consumer incomes and increasing urbanization in the Asia-Pacific region are contributing to higher demand for poultry products, further stimulating market growth.

China's National Bureau of Statistics (NBS) reported that in 2023, the country's poultry egg production reached 35.63 million metric tons, a 3.1% increase from 2022. This growth is expected to drive demand for layer birds, subsequently supporting the usage of poultry feed. Increasing poultry expansion projects are also contributing to market growth. For example, in April 2022, Cargill invested USD 50 million in research and development facilities in China, near Elk River, Minnesota, and the Netherlands to advance animal nutrition and feed research. Such investments in poultry expansion present opportunities for growth in the poultry feed sector.

Feed product quality and price are emerging as crucial factors in market growth. Governments are implementing regulations to maintain feed quality and protect animal health, recognizing its importance. The combination of increasing demand for poultry meat, growing consumer income, urbanization, and rising investments in poultry production is expected to drive market growth during the forecast period.

Poultry Feed Industry Segmentation

Poultry feed is fodder blended from various raw materials and additives. These blends are formulated according to the targeted animals' specific requirements. Feed compounders manufacture them as meal types, pellets, or crumbles. 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 Middle East and Africa). The report offers market size and forecasts in value (USD).

Animal Type
		Layers
		Broilers
		Turkey
		Other Animal Type

Ingredient Type
		Cereal
		Oilseed Meal
		Molasses
		Fish Oil and Fish Meal
		Supplements
		Other Ingredient Type

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

Middle east and Africa
	South Africa
	Saudi Arabia
	Rest of Middle east and Africa

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Poultry Feed Market Size Summary

The poultry feed market is poised for significant growth, driven by the increasing global demand for poultry meat, which is favored for its affordability, health benefits, and sustainability. This demand is further fueled by rising consumer incomes and urbanization, particularly in the Asia-Pacific region, where poultry products are becoming a staple. The market is experiencing a surge in production capacity, with investments in poultry expansion projects and the adoption of modern production methods. These developments are essential to meet the growing consumption of poultry meat, especially in developing regions like East and Southeast Asia and Latin America, where per capita consumption is on the rise. The market's expansion is supported by the increasing popularity of fast-food chains and the emergence of supermarkets, which facilitate the retailing of chilled and frozen poultry products.

The Asia-Pacific region stands out as the largest market for poultry feed, with China and India leading the charge due to their vast populations and rising disposable incomes. The demand for high-quality feed is crucial to enhance production efficiency and feed conversion ratios, supporting the burgeoning poultry industry in these countries. The market is characterized by its fragmented nature, with major players like Charoen Pokphand Foods, Cargill Inc., Nutreco NV, Land O'Lakes Inc., and De Heus BV actively investing in product development and strategic partnerships to expand their market presence. These companies are focusing on innovation and collaboration to meet the increasing demand for poultry feed, ensuring the sector's growth trajectory remains robust during the forecast period.

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Poultry Feed Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Market Overview
2. 1.2 Market Drivers
  1. 1.2.1 Rising Demand for Poultry Meat and Eggs
  2. 1.2.2 Increased Awareness of Animal Health and Productivity
  3. 1.2.3 Growing Government Support and Initiatives
3. 1.3 Market Restraints
  1. 1.3.1 Fluctuating Raw Material Prices
  2. 1.3.2 Increasing Regulatory Constraints on Poultry Feed
4. 1.4 Industry Attractiveness - Porter's Five Forces Analysis
  1. 1.4.1 Bargaining Power of Suppliers
  2. 1.4.2 Bargaining Power of Buyers/Consumers
  3. 1.4.3 Threat of New Entrants
  4. 1.4.4 Threat of Substitute Products
  5. 1.4.5 Intensity of Competitive Rivalry
2. MARKET SEGMENTATION
1. 2.1 Animal Type
  1. 2.1.1 Layers
  2. 2.1.2 Broilers
  3. 2.1.3 Turkey
  4. 2.1.4 Other Animal Type
2. 2.2 Ingredient Type
  1. 2.2.1 Cereal
  2. 2.2.2 Oilseed Meal
  3. 2.2.3 Molasses
  4. 2.2.4 Fish Oil and Fish Meal
  5. 2.2.5 Supplements
  6. 2.2.6 Other Ingredient Type
3. 2.3 Geography
  1. 2.3.1 North America
    1. 2.3.1.1 United States
    2. 2.3.1.2 Canada
    3. 2.3.1.3 Mexico
    4. 2.3.1.4 Rest of North America
  2. 2.3.2 Europe
    1. 2.3.2.1 Spain
    2. 2.3.2.2 United Kingdom
    3. 2.3.2.3 France
    4. 2.3.2.4 Germany
    5. 2.3.2.5 Russia
    6. 2.3.2.6 Italy
    7. 2.3.2.7 Rest of Europe
  3. 2.3.3 Asia Pacific
    1. 2.3.3.1 China
    2. 2.3.3.2 India
    3. 2.3.3.3 Japan
    4. 2.3.3.4 Australia
    5. 2.3.3.5 Rest of Asia-Pacific
  4. 2.3.4 South America
    1. 2.3.4.1 Brazil
    2. 2.3.4.2 Argentina
    3. 2.3.4.3 Rest of South America
  5. 2.3.5 Middle east and Africa
    1. 2.3.5.1 South Africa
    2. 2.3.5.2 Saudi Arabia
    3. 2.3.5.3 Rest of Middle east and Africa