Asia Pacific Poultry Feed Market: By Type (Broilers, Turkeys, Layers, and Others), By Additives (Antibiotics, Antioxidants, Feed Enzymes, Vitamins, Amino Acids, Feed Acidifiers, and Others) and Country  

Asia Pacific Poultry Feed Market size was valued at US$ 1.26 billion in 2023 and is poised to grow at a CAGR of 7.8% from 2024-2030.  Asia Pacific poultry feed market is driven by an increase in meat consumption due to a surge in demand for protein-rich food, favorable government policies to poultry farms, and a rise in health concerns, especially in countries such as India and China. In addition, rapid changes in poultry production, genetic improvements, and the production of disease-resistant variants have witnessed Asia become a major exporter of poultry meat across the globe. Market player's geographical expansions into emerging Asian countries and new product launches are expected to bolster the poultry feed market growth over the forecast period. However, the rise in the cost of raw materials and high maintenance costs are the main restraints for the poultry feed market during the forecast period.  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 launched next next-generation immune modulator in feed solution i.e., Aleta for the poultry industry in India. The Australia and New Zealand poultry feed market is projected to expand at a notable growth rate owing to an increase in demand for meat and a rise in the usage of feed additives for poultry.