The growth of the poultry feed market worldwide. Rising exports of poultry, especially from the European Union and the United States, have remained instrumental in driving the need for enhanced poultry production, in turn, filling sales of the poultry feed. Fact.MR envisages that the demand for poultry feed is projected to expand at a CAGR of 7.1% in terms of volume during the period of forecast, 2018-2027. The poultry feed market report thus reveals that the sales volume of poultry feed are likely to cross 890,000,000 tons by the end of the assessment year.
GHG (Green House Gas) emissions. Poultry feed producers have also been concerned with the production of greenhouse gases. This has also been claimed to be the cause of a „safety label“ by communicating ingredient information to the consumer. In addition, being largely driven by industry-specific aspects, manufacturers of poultry feeds expect momentous growth in the forthcoming years, says the report.
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Government regulations regarding the use of antibiotics in raising poultry are likely to impact the poultry feed market. For instance, European Union has banned the use of antibiotics in poultry feed owing to health issues associated with these formulations. FDA has passed various legislations, such as Guidance # 213 that have banned the use of antibiotics in poultry feed. This factor has opened new avenues for the use of other additives including enzymes and premixes to poultry feed to enhance productivity. Moreover, FDA has allowed the use of insect proteins, such as BFSL (Black Soldier Fly Larvae), in a poultry feed that can act as a sustained protein source.
Growing broiler production is likely to trigger the sales of poultry feed across the globe. The United States Department of Agriculture (USDA) estimates that it will increase by 2 percent by 2018-to-touch 92.5 million tons. This aspect is expected to be used in a broiler production during the period of assessment. However, the demand for poultry feed in layer production is projected to expand at a relatively high rate throughout the period of assessment, according to the report.
Corn as a source for poultry feed has gained significant traction since the past couple of years. Poultry feed derived from corn provides high nutrition and palatability along with high protein and low fat content. Corn poultry feed can replace other sources such as soybean by offering cost superior reductions during production. US $ 123 Bn by end of the assessment period, making it a lucrative investment area for stakeholders in the poultry feed market.
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Sales of poultry feed in from briquettes are likely to account for a major share in the entire poultry feed market. However, the FCR (feed conversion ratio), feed intake and weight gain.
Demand for poultry feed continues to grow in the emerging economies of Asia Pacific. Countries like China and India have been showcasing increasing preference for broiler meat since the past few years. This has resulted in the increasing dependence of quality poultry feed to cater to the growing poultry production. On the other hand, in the poultry feed market, making North America an attractive region for stakeholders from an investment standpoint. Overall, stakeholders in the poultry feed market can expect an opportunistic scenario driven by a combination of industry-specific and macroeconomic factors during the assessment period.
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