Poultry Feed Market Plying for Significant Growth During 2018 to 2027
Poultry feed is nutritional food for various poultry including chicken, domestic fowls, ducks and geese. Poultry feed comes in various forms such as powder, granules, briquettes and pellets. Either conventional or organic, poultry feed is produced using corn, wheat, blended grains or soybean to provide a high level of proteins facilitating poultry health.
The report on poultry feed market provides incisive insights on the supply and demand of poultry feed across key regions in the globe. It includes assessment on several aspects influencing the growth of the poultry feed market, by covering trends, growth drivers, opportunities for stakeholders and restraints confining sales. In addition, historical data, current poultry feed market scenario and future highlights have also been included in the poultry feed market report.
Fact.MR envisages that the demand for poultry feed is projected to expand at a CAGR of 7.1% in terms of volume during the period of forecast, 2018-2027. The poultry feed market report also reveals that the sales volume of poultry feed are likely to cross 890,000,000 tons by the end of the assessment year.
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Ban on use of antibiotics in poultry feed that promotes faster poultry growth is likely to open new avenues for stakeholders in the poultry feed market. According to World Health Organization (WHO) and other health authorities, antibiotic use in poultry feed poses significant health risks to humans. Against this backdrop, governments across various countries have imposed legislative bans on antibiotic formulations in poultry feed and production. FDA’s Guidance #213 issues removal of antibiotics in poultry feed production. It has also proposed Guidance for Industry #152 that evaluates the safety new antimicrobial drugs and their effects on human health. This is expected to influence the uptake of various feed enzymes and additives that facilitate enhanced poultry feed quality. This has resulted in identifying new ways that stimulate poultry production and deliver enhanced results similar to antibiotic health promoters. Feed additives such as amino acids, prebiotics, probiotics, proprietary blends and enzymes are emerging as potential poultry feed additives.
Competitive Landscape
The poultry feed market report includes a dashboard view of the competition landscape providing detailed assessment on major companies involved in poultry feed production. The report has profiled key players including but not limited to Cargill Inc., ForFarmers N.V., BASF SE and Associated British Foods Plc.
Cargill Inc., has recently acquired a feed mill in Thailand that is a joint venture between Thai-Denmark Swine Breeding Co. Ltd and Sri Thai Foods and Beverages Co. Ltd. With this acquisition, the plant would produce poultry feed for Cargill’s customer base in Thailand. Moreover, this can be considered as a significant step toward CSR (Corporate Social Responsibility) initiated by Cargill Inc. as the large land footprint has resulted in increasing job opportunities for Thai people in poultry feed production.
Collaboration between poultry feed manufacturers and ERP suppliers to regulate poultry feed management is another prevailing trend in the market. For instance, on 12th July 2018, PoultryPlus – a ForFarmers N.V. Subsidiary – signed a collaboration with PoultryPlan. This collaboration is intended towards improving poultry feed productivity, particularly broiler stock, in turn facilitating enhanced profitability and reduced downtime.
Additional Questions Answered
Besides above-mentioned findings, the poultry feed market report also answers additional questions providing a holistic scenario. For instance:
- What trends are influencing sales of poultry feed and how can poultry feed producers leverage them in the coming years?
- Which region offers the highest market potential for poultry feed manufacturers?
- Which government regulations are likely to impact poultry feed production?
- Which type of poultry feed is likely to witness increasing demand during the assessment period?
- Which is the most preferred form of poultry feed?
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