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Poultry Feed Market - New Revenue Pockets
According to the Food and Agriculture Organistion of the United Nations (FAO), the demand for poultry feed has consistently increased since past five decades. The broilersfeed segment of the poultry feed market dominated with highest market share in 2012.There remains a strong possibility of growth, particularly in the broilers feedsegment. The demand for poultry feed is expected to continue to grow in the developing economies including India and China. Thus, reflecting population increases, improved disposable incomes, and consumer taste preferences, along with increasing the poultry livestock population.
The U.S. is the world’s largest producer of broiler meat.The high production level in U.S. has led the North American market to become the market leader. The North American consumption of poultry feed accounted for nearly 29% in terms of value and 31%in terms of volume of the global poultry feed industry. Rest of world is expected to show continued growth from a low base, while the Middle East market is expectedto expand quickly due to the preference for poultry meat. The most significant increase in the poultry meat consumption is projected in China.
The increase in demand for protein in diets, and the growing shift towards white meat are expected to drive the demand for poultry feed &poultry feed additives in the near future.Per capita meat consumption, especially poultry meat in the Latin American and Asia-Pacific regions arefuelling the growth of poultry feed andpoultry feed additives in poultry farming.
Poultry Feed Market by Type (Layers, Broilers, And Turkeys), Additives (Antibiotics, Vitamins, Antioxidants, Amino Acids, Feed Enzymes, And Feed Acidifiers) & by Geography - Global Trends & Forecasts To 2018
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