The global poultry feed market was valued at USD 121.3 billion in 2023, growing at a CAGR of 6.9% from 2024 to 2033. The market is expected to reach USD 236.3 billion by 2033. The demand for poultry feed has increased due to rising disposable income, which leads to higher living standards. This has resulted in the expansion of the poultry feed market. The global poultry feed market is expanding due largely to the increasing urbanisation of the world's population, which is driving up the need for poultry feed in establishments like corporate offices and hypermarkets.
Farmers feed ducks, turkeys, hens, geese, and other domestic birds with poultry feed. To provide a highly nutritious diet that maintains the health of poultry birds and improves the quality of end products like meat and eggs, modern feed is made by carefully choosing and combining components. The most crucial nutrients for poultry birds' growth, reproduction, and overall health are minerals, vitamins, carbohydrates, proteins, and water. Carbs and lipids provide the majority of the energy needed for development. For chicken birds, protein is also an important energy source, especially when their diet of fat and carbohydrates is restricted. The need for poultry feed is increasing due to the lack of anti-nutritional elements such as phytic acid and the effects of feeding poultry birds without a plan on their digestive systems. Furthermore, most contemporary chicken meals consist of grain and protein supplements such as soybean oil meal, mineral supplements, and vitamin supplements. The weight and age of the hens, their rate of growth, how quickly they lay eggs, the weather (cold or wet weather encourages higher energy expenditure), and the amount of nutrition they get from foraging all affect how much feed is needed as well as how much nutrition it contains. This makes a large variety of feed compositions available. The addition of less expensive local components results in further variations. Healthy fowl need a good supply of water, an appropriate amount of protein and carbs, and the essential vitamins and dietary elements.
Get an overview of this study by requesting a free sample
In April 2022, Cargill committed USD 50 million to the development of research and development facilities for animal nutrition and feeds in China, the vicinity of Elk River, Minnesota, and the Netherlands.
In January 2022, In order to supply high-quality protein to the region, Nutreco and Unga Group Plc have confirmed their partnership to launch two joint ventures in East Africa. The development aids in gaining market share in the animal nutrition markets, and both projects are known as Tunga Nutrition.
Growing focus on animal health- A stronger emphasis on animal health will facilitate market growth. The need for poultry feed will increase as cow husbandry practices increase. Humans' increasing need for products derived from animals will increase market demand. As their momentum increases, natural growth supporters will be involved in the market. Demand in the market has been fueled by growing consumer knowledge of the advantages of employing feed additives to lower sickness.
High raw material price- The cost of raw materials like grains, soybean meal, and other feed ingredients impacts the chicken feed business. Chicken feed manufacturers may experience higher production costs and lower profit margins due to price volatility in these commodities. The environmental effects of the chicken business are being closely examined, especially about emissions and waste management. Stricter rules and higher production costs result from pollution and resource usage worries. Avian influenza outbreaks and other illness epidemics are a risk for poultry operations. Because of trade restrictions, decreased productivity, and bird culling, these outbreaks may result in large financial losses.
Increase in the demand for organic meat- To ensure meat safety, concerns regarding food safety have increased demand for premium chicken feed. Growing farm owner awareness of the importance of maintaining a healthy animal diet is another factor propelling the growth of the poultry feed industry. As a result, they are switching from ordinary chicken feed to premium and functional varieties that reduce the risk of infections, injuries, metabolic issues, and acidosis while also strengthening the animals' resilience to enzootic diseases. A positive outlook for the industry has also been created by a rise in the demand for organic meat from consumers in industrialised nations and by adopting cutting-edge techniques for raising animals and maintaining strict farming standards.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia Pacific emerged as the largest global poultry feed market, with a 37.7% market revenue share in 2023.
Premixes and additives for poultry feed are essential for maximising the nutrition and well-being of poultry. To fulfil the region's rising poultry demands, these items are being employed increasingly to guarantee that birds receive balanced diets, increased growth rates, and enhanced disease resistance. China's poultry sector is expanding due to the rising demand for chicken eggs and meat from the country's expanding middle class. With an emphasis on quality and safety, this need drives the Chinese market for chicken feed. Premixes for poultry feed are growing in popularity nationwide since they allow for accurate nutrition management of chickens. The market for additives for chicken feed is also expanding quickly, with a focus on antibiotic minimization and disease management. Premixes and additives for poultry feed are becoming more popular in Indonesia as farmers see how they can enhance the health and productivity of their birds.
Asia Pacific Region Poultry Feed Market Share in 2023 - 37.7%
Check the geographical analysis of this market by requesting a free sample
The product segment is divided into concentrated feed, premix feed, and complete feed. The complete feed segment dominated the market, with a market share of around 42% in 2023. The complete feed is a quantitative mixture of carefully mixed dietary components to prevent separation and selection. It is fed as the only source of nutrients (except water) and created in a desired ratio to satisfy each animal's specific nutrient needs.
The application segment is divided into chicken, broiler, ducks, geese, and others. The broiler segment dominated the market, with a market share of around 28% in 2023. The only reason that broilers are raised is to produce meat. The increased demand for chicken meat, which is affordable and high in protein, has led to a surge in grill farming. A healthy diet is one of the most crucial elements of grill creation.
|Revenue (USD Billion)
|Market size value in 2023
|USD 121.3 Billion
|Market size value in 2033
|USD 236.3 Billion
|CAGR (2024 to 2033)
|The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
As per The Brainy Insights, the size of the poultry feed market was valued at USD 121.3 billion in 2023 to USD 236.3 billion by 2033.
The global poultry feed market is growing at a CAGR of 6.9% during the forecast period 2024-2033.
Asia Pacific emerged as the largest poultry feed market.
This study forecasts global, regional, and country revenue from 2020 to 2033. The Brainy Insights has segmented the global poultry feed market based on the below-mentioned segments:
Global Poultry Feed Market By Product:
Global Poultry Feed Market By Application:
Global Poultry Feed Market By Region:
Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision.
Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.
The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.
Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:
The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.
The data procurement stage involves in data gathering and collecting through various data sources.
This stage involves in extensive research. These data sources includes:
Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:
Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.
Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.
The supply side for a domain specific market is analysed by:
The demand side for the market is estimated through:
In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.
Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:
Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:
Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.
This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.
Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.
The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:
Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.
Fortune 500 Clients
Free Yearly Update On Purchase Of Multi/Corporate License
Companies Served Till Date