Poultry Feed Market Analysis and Forecast to 2021 | Growth Opportunity Assessment
The Global Poultry Feed Market was worth USD
6.96 billion in 2016 and estimated to be growing at a CAGR of 6.10%, to reach
USD 9.35 billion by 2021. Globally, there has been an increase in the Poultry
Feed Market and this market is showing great potential in the forecast period.
Poultry Feed is the food given to the farm animals mainly, chickens, turkeys or
any other animals which give meat. The objective of poultry feed is to
make the farm animals healthier so that they can provide better meat or other
products, like eggs.
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For poultry feed to be healthy, it should
contain lots of protein and carbohydrates, along with sufficient amount of
vitamins, minerals and adequate amount of water. With the increase in demand of
meat and eggs, market has also grown a lot. Hence, the research to make better
poultry feed has increased and there have been many developments since the
early 2000s. Critical relocation of feed demand from west to east in 2000s is
leading to increased outputs of formulated compound feeds.
With the increase in spending capabilities of
people due to increased incomes of people, more urbanisation, mainly drivers
moving to big cities, and increasing population, there has been a huge increase
in demand of the animal protein, especially meat and eggs, hence triggering the
increase in demand of poultry feed and additives. In addition, people’s
increasing fondness of eating outside at fancy restaurants is also driving this
market. There has also been an increase in the poultry related diseases in the
recent past, so it is the factor that is concerning people and taking away from
poultry products which affects the poultry feed market.
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The Global market for
Poultry Feed is broadly categorized into type of poultry product and feed
additives needed for poultry feed. Based on type of poultry product, the market
is further segmented into Broilers, Turkeys, Layers and others. On the basis of
feed additives needed for poultry feed, market is further segmented into amino
acids, feed enzymes, antioxidants, vitamins, antibiotics and feed acidifiers.
Feed acidifiers attribute to the largest share among all other poultry additive
segments, globally.
On the basis of geography,
the global market is analysed under various regions namely North America,
Europe, Middle East & Africa, Asia-Pacific and Latin America. With the
shift in demand of poultry products from west to east, Asia-Pacific region is
the fastest growing region among all the other regions mentioned while North
America is having the largest share of market.
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Some of the major companies
dominating the market, by their products and services include JBS S.A.
(Brazil), Tyson Foods (U.S.), BRF (Brazil), CP Group (Thailand), Wen’s Food
Group (China), Royal DSM N.V. (The Netherlands), Charoen Popkhand Foods
(Thailand) and ADM (Archer Daniels Midland Company) (U.S).
The scope of the report provides:
·
The
evaluation of the current market for your product or services and the future
implications of the market
·
Addresses
the opportunities by better understanding the market through size estimates and
growth rate analysis to forecast the market for the future
·
Extensive
segmentation to understand the dynamics of market at a very granular level by
splitting down the market to the smallest segment
·
Addresses
the key market dynamics involving the drivers, restraints and challenges with
an aim of providing insights for gaining market share
·
The
factors responsible for the shaping of the industry as it is as a result of
competitive environment is analyzed through Porter’s Five Forces
·
The
effects of political, economic, social, technological, legal and environmental
factors on the industry is analyzed through PESTLE analysis to better
understand the aspects of strategic management required to comply with the
exogenous and endogenous factors
·
Strategic
evaluation of the key players to gain insights of their performance allowing
access to their product portfolio, financial performance and the strengths of
their business strategic developments
·
Comparative
study of the firms across the industry measuring their performances based on
market share and recent activities in order to achieve competitive intelligence
·
Equip
you with the information providing with the investment opportunities in the
industry
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