Poultry Feed Market Analysis: Sizing up the Future (2023-2030)
Poultry
Feed Market — Overview
Poultry
feed: A guide to feeding your chickens for optimal health and productivity
Poultry
feed is one of the most important factors in determining the health and
productivity of your chickens. By providing your chickens with a high-quality,
balanced diet, you can help them to grow strong, lay more eggs, and produce
better quality meat.
What
is poultry feed?
Poultry
feed is a mixture of grains, proteins, vitamins, minerals, and other nutrients
that are essential for the health and growth of chickens. Poultry feed can be
purchased in a variety of forms, including pellets, crumbles, and mash.
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Types
of poultry feed
There
are two main types of poultry feed:
Starter
feed:
Starter feed is a high-protein feed that is designed for young chicks. Starter
feed typically contains 20-24% protein.
Grower
feed:
Grower feed is a lower-protein feed that is designed for older chicks and
pullets. Grower feed typically contains 16-18% protein.
Layer
feed:
Layer feed is a high-calcium feed that is designed for laying hens. Layer feed
typically contains 16-18% protein and 3.5-4.5% calcium.
Broiler
feed: Broiler feed is a high-protein, high-energy feed that is designed for
broilers (chickens that are raised for meat). Broiler feed typically contains
20-24% protein.
How
to choose the right poultry feed
When
choosing a poultry feed, it is important to consider the following factors:
The
age and breed of your chickens: Different breeds of chickens have different nutritional needs.
It is important to choose a feed that is specifically designed for the age and
breed of your chickens.
The
purpose of your chickens: If you are raising chickens for eggs, you will need to choose a
layer feed. If you are raising chickens for meat, you will need to choose a
broiler feed.
Your
budget:
Poultry feed can range in price from a few dollars to a dozen dollars per bag.
It is important to choose a feed that fits your budget.
How
to feed your chickens
The
amount of feed you give your chickens will depend on their age, breed, and the
purpose of your chickens. It is important to follow the feeding instructions on
your chosen feed bag.
Here
are some general tips for feeding your chickens:
Feed
your chickens twice a day: Once in the morning and once in the evening.
Give
your chickens enough feed so that they have a full crop, but not so much that
they leave a lot of feed behind.
Always
provide your chickens with fresh water.
Keep
your chickens' feed area clean and dry.
The
poultry
feed market
is growing worldwide with plenty of opportunities that can be capitalized upon.
According to a report published by Market Research Future on Global Poultry
Feed Market Research Report — Forecast to 2030 states that the segment will be
showing a billion-dollar growth along with a brilliant CAGR percentage. The
rise in demand for poultry feed is primarily because of high demand levels for
poultry due to increase in the population around the world. Rising levels of
awareness for a healthy diet have also driven the demand for poultry products
as poultry is a form of white meat which is considered healthy. Profitability
of the poultry business has enabled the growth of the poultry feed market as
well. Poultry products also have further contributed to the rise of this
segment. Bird Flu and other diseases related to poultry also have negatively
impacted the growth of the sector. The sector can also positively benefit from
government support and funding for the development of the sector. High levels
of expendable income have also driven the consumption and demand levels of
poultry worldwide.
The
factors that may restrain the growth levels of this sector are the instability
of the agricultural products used in making poultry feed and mounting
expenditure of essential raw materials.
Latest
Industry News
Nov
2017 Astral is looking for investments in the poultry sector. The company
already has a business unit dealing with poultry feed production. After seeing
a successful streak the company has become cash flushed and is looking for
acquisitions in the poultry sector to capitalize on.
Oct
2017 South Korean livestock and feed manufacturer, Harim Group, announced that
its subsidiary, Farmsco, has acquired the feed and poultry-breeding units of
Indonesia’s Sujaya Group. Farmsco is reportedly injecting around 60 billion won
(US$52.9m) in its Indonesian operations. Under the deal with Sujaya, Farmsco
gets a renovated feed plant; the plant is said to have annual feed production
capacity of 500,000 tons.
Mar
2017 Sanderson Farms is set to invest $200m in a new feed and poultry
processing complex in Texas, to reinforce regional retail production. The new
complex will include a feed mill, a poultry processing plant, hatchery and a
wastewater treatment facility.
June
2017 Costco has recently invested $300m in a new feed mill, chicken production
facility and hatchery. It is expected to generate about $1.2bn in economic
effect annually and will take about two years to finish building.
Global
Poultry Feed Market — Competitive Analysis
With
the entry of industry players in the Global Poultry Feed Market segment, a
trend of solid, volume-driven growth has been observed in the market with the
introduction of various assortment of feed. With companies aiming to capture a
considerable share of the market segment as early as possible, they are
competing and experimenting with various advantage points. The best long-term
growth opportunities for this sector can be captured by ensuring ongoing
process improvements and financial flexibility to invest in the optimal
strategies. With a positive trend observed due to use of modern technology, the
supply can be considerably increased which allows exploration of newer markets
and applications.
The
key players profiled in Global Poultry Feed
Market outlook report include Alltech, Cargill, Kemin Industries, Novozymes,
Chr. Hansen. Other notable players in the segment are BASF SE, Archer Daniels
Midland Company, and Evonik Industries.
Global
Poultry Feed Market — Segments
For
the purpose of this report, the market for Global Poultry Feed Market is
segmented based on source, by form and by type.
Based
On Source:
Coarse Grains, Vegetable Proteins, Animal Proteins, Micro-Ingredients and
Others.
Based
On Type:
Segmented Layers, Broilers and Dual-Purpose.
Based
On Form:
Mash, Pellets, Crumbles, Scratch Grain and Others.
Global
Poultry Feed Market -
Regional
Analysis
According
to the report, North America and has dominated the market for Global Poultry
Feed Market with the largest market share, accounting for millions in revenue
and is expected to grow over considerably by 2030, Asia-Pacific and Europe are
the growing market for Global Poultry Feed Market and are expected to grow at
an overwhelming CAGR respectively from 2023 to 2030.
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