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Poultry feed is used as a feed for poultry, including ducks, turkeys, chickens, geese, and other domestic birds. Poultry requires a specific amount of carbohydrates and protein, along with the necessary dietary minerals, vitamins, and an adequate amount of fresh, clean water. Currently, due to the commercialization of poultry, there are currently large flocks of poultry on the farms. Therefore, to exceed the nutritional demand, nutritionally complete poultry feed is required in massive quantities. This nutritional feed consists of cereals and protein supplements such as soy flour, corn, along with added minerals and vitamins.
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The nutrition or feed requirement of poultry depends on several factors such as age, weight, egg production rate, growth rate and climatic conditions, which have increased the requirement for a wide variety of formulations food. Local ingredients like barley and maze can be used in combination as a low-cost ingredient. Poultry feed is available in three forms, including crumbs, pellets, and puree.
Crumbles serve as an ideal form of food, as they contain a large amount of protein. Although the puree is used for young birds, it can be mixed with warm water to make a thick oatmeal-like treat for chickens. However, it should be fed immediately, as it becomes moldy if not consumed for a longer time.
Increased demand for animal protein is expected to serve as a key driver of the global poultry feed market during the forecast period. Furthermore, increased demand for fast food and processed foods, coupled with increased Asia-Pacific poultry exports, is expected to drive market growth. Increased consumption of poultry in North America due to rising beef prices is expected to further contribute to the growth of the poultry feed market.
Furthermore, the implementation of government regulations regarding the use of feed additives to improve the quality of poultry feed in countries such as China, India and Brazil is expected to complement the growth of the market. Also, the lack of religious implications in poultry meat associated with beef and pork accelerates the growth of the market. However, the increased incidence of poultry diseases such as bird flu is expected to restrict market growth.
The world market for poultry feed is segmented by feed type and region. On the basis of the type of feed, the market is classified into whole feed, concentrates and premixes. Regarding the region, it is analyzed in North America, Europe, Asia-Pacific and LAMEA.
The major players analyzed in the poultry feed market include Cargill Inc., Cargill Inc., Land O’Lakes, Inc., Tyson Foods, Inc., Alltech, ADM Animal Nutrition, Perdue Farms Inc., JD Heiskell & Co., Kent Nutrition Group, Inc., Hi-Pro Feeds, Inc. and Southern States Cooperative.
KEY BENEFITS FOR STAKEHOLDERS
• This report provides a quantitative analysis of current global poultry feed market trends, estimates, and dynamics from 2019 to 2023 to identify prevailing market opportunities.
• Porter’s Five Forces analysis highlights the power of buyers and suppliers to enable stakeholders to make for-profit business decisions and strengthen their supplier and buyer network.
• In-depth analysis of market segmentation helps determine prevailing market opportunities.
• The top countries in each region are mapped according to their revenue contribution to the global poultry feed industry.
• The market player positioning segment facilitates benchmarking and provides a clear understanding of the current position of market players.
• The report includes regional and global market analysis, key players, market segments, application areas, and growth strategies.
KEY MARKET SEGMENTS
• By type of feed
o I think complete
o Concentrates
o Premix
• By region
or North America
§ USA
§ Canada
§ Mexico
or Europe
§ Sweden
§ Finland
§ Germany
§ The Netherlands
§ The rest of Europe
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or Asia-Pacific
§ China
§ Japan
§ India
§ South Korea
§ Australia
§ Rest of Asia-Pacific
or SHEET
§ Brazil
§ KSA
South Africa
§ Rest of LAMEA
