Poultry Market size is valued at USD 322.53 billion in 2022 and is expected to reach USD 434.27 billion by 2029, at a CAGR of 3.8% during the forecast period 2023-2029. Poultry feed is a type of feed made specifically for chickens. Energy is required for optimum growth, egg production, and overall health in poultry birds. Poultry refers to domestic birds raised for eggs, meat, dung, and feathers. Poultry includes turkeys, geese, ducks, and other birds. Poultry farming can be done in two ways: as a family business or as an industrial enterprise. Fats and carbs provide the majority of the energy required for development and other activities. Protein is also an important source of energy for chicken birds, especially when carbs and lipids are scarce. The nutritional and quantity requirements of poultry feed are determined by their rate of growth, the weight and age of the birds, and the rate of egg production. this report studies global Market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
Fastest Growing Market
The worldwide poultry feed market is growing due to a number of causes. Increasing poultry farming to meet worldwide demand for chicken eggs and meats, expanding demand for poultry meat products, greater knowledge about protein consumption in daily diet services, and an increase in the number of poultries are just a few of them. Eastern and Western Africa are seeing an increase in poultry feed mills, poultry houses (for egg and broiler production), and stockyards. However, because to their low cost and a shift in consumer taste toward white meat over red meat, consumption of poultry-based products has increased significantly over the world. Furthermore, the market's expansion is fueled by the absence of any religious implications on poultry meat when compared to pig and beef.
The poultry market size was valued at USD 322.53 billion in 2022
The poultry market key players are: Tyson Foods, JBS S.A., Pilgrims Pride Corporation., Wens Foodstuff Group Co. Ltd., BRF S.A., Perdue Farms
The key segments covered in the poultry market are: by species type and by distribution channel
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