Asia Pacific poultry feed market is expected to grow at a CAGR of x% during the forecast period 2022 to 2028. Asia Pacific poultry feed market is driven by increase in meat consumption due to surge in demand for protein rich food, favorable government policies to poultry farms, and rise in health concerns especially in the countries such as India and China. In addition, rapid changes in poultry production, genetic improvements, and production of diseases resistant variants are witnessed to Asia become a major exporter of poultry meat across the globe. Market playersâ€™ geographical expansions into the emerging Asian countries and new product launches are expected to bolster the poultry feed market growth over the forecast period. However, the rise in cost of raw materials and high maintenance cost are main restraints for poultry feed market during the forecast period. Asia-Pacific poultry feed market is segmented into Japan, China, India, Australia and New Zealand, ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others), South Korea and Rest of Asia-Pacific. China poultry feed industry is projected to have the significant growth rate owing to rise in demand for poultry meat and products such as eggs. India poultry feed market is expected to grow at significant growth rate over forecast period owing to increase in disposable income and lifestyle changes. Companies operating in the Asia Pacific poultry feed market are focused on new product launches and geographical expansion to emerging Asian countries such as India and China. For instance, in July 2017, Kemin Industries has launched next generation immune modulator in feed solution i.e., Aleta for poultry industry in India. Australia and New Zealand poultry feed market projected to expand at notable growth rate owing to increase in demand for meat and rise in usage of feed additives for poultry.
Fastest Growing Market
Furthermore, increase in demand for animal protein such as eggs and meat coupled with the increase in disposable income in developing countries are expected to boost the poultry feed market share over the forecast period. However, the rise in cost of raw materials and high maintenance cost are main restraints for poultry feed market during the forecast period.
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.