Poultry Feed Contributes to the Major Chunk in the Animal Feed Industry
The poultry industry has witnessed substantial growth due to the increase in the income level of the urban population. Their health concerns about the inclusion of protein in their diet have projected the growth of the poultry industry and ultimately the poultry feed and poultry feed additives industry.
Asia-Pacific and North America together contributedover66% of the market share in 2012in the global poultry feed market. The globalpoultry feed market has consistently increased over the years, and this trend is expected to continue in the near future. Most of the increase in the demand for poultry feed is projected in BRIC nations. With increasing population, improving feed efficiency has emerged as a critical issue in the market, due to which a fast growth is expected in feed additives. Another factor responsible for its growth is the R&D activities involved in the improvement of feed additives used in the poultry feed along with enhancing the quality of feed ingredients and equipment used for feeding poultry
Poultry feed contributes to the major chunk in the animal feed industry, and thus plays a leading role in the animal protein market. Poultry meat is the largest, most important, and easiest form of abundant and affordable animal protein source. Thebroilers segment was the most dominating market segment in terms of type in the global poultry feed marketgarnering overhalf of the market share ofthe poultry feed market by both value and volume in 2012. Inthe global poultry feed additives market antibiotics controlled the largest market share, which contributed around 22% of the overall market share.
Related Reports:
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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