The Asia Pacific poultry feed market is evaluated at US$41.055 billion for the year 2020, growing at a CAGR of 5.41% to reach a market size of US$59.371 billion by the year 2027.
Farmers use the poultry feed to feed poultry birds, including chickens, geese, ducks, turkeys, and other domestic birds. Modern feed is prepared by carefully selecting and blending components to provide a highly nutritious diet that maintains the health of poultry birds while also boosting the quality of end products like meat and eggs. Minerals, vitamins, carbohydrates, proteins, and water are the most important nutrients for poultry birds' development, reproduction, and health. The majority of the energy necessary for development comes from carbohydrates and fats. Chicken bird protein is also a significant source of energy for chicken birds, particularly when carbohydrate and fat intake are low.
In the forecast period of 2020-2027, rising preferences for animal protein, global growth of the egg and poultry industries, a rising population, rising health awareness regarding protein consumption, and the per capita consumption of meat are some of the factors that will certainly boost the growth of the poultry feed market. Furthermore, the prevalence of low-cost feed and expanding consumer preferences for white meat would further increase the numerous prospects for the poultry feed market to grow throughout the projection period.
On the other hand, volatility in raw material prices, as well as environmental concerns, are expected to stymie the poultry feed market's expansion throughout the forecast period.
In recent years, the broiler category has grown to become the largest by type. Growing demand for chicken meat due to its high protein content has emerged as a major driver of industry expansion. Broilers are raised solely to produce meat. Broiler farming is growing in response to the rising demand for chicken meat, which is fueled by the availability of protein-rich meat at a low cost.
One of the most critical aspects of broiler farming is proper nutrition. In the global poultry feed market, the layer category, on the other hand, ranked as the second-largest section. The primary purpose of layer farming is to produce eggs. As the world's population grows, so does the demand for food and energy, increasing food production around the world. The key demand drivers for the expansion of the layers category are rising per capita egg consumption and worldwide population growth.
In recent years, the amino acid in the additives segment has emerged as the largest in terms of volume and revenue, and it is expected to increase at a rapid rate in the coming years. Because amino acids are one of the most essential sources of protein, they are extremely important in poultry nutrition. Amino acid helps minimize the amount of soy protein in a monogastric animal's diet due to its high protein content.
According to the Food and Agriculture Organization, China, India, Indonesia, Iran, and Japan are among the largest poultry-producing countries in the area, according to the Food and Agriculture Organization. In terms of both chicken numbers and output per bird, China's poultry industry has undergone rapid expansion during the last two decades. The spread of intensive systems with high food conversion ratios is linked to higher levels of production. Poultry production has doubled its percentage of total livestock production in China, outpacing pork production by a wide margin. In growing Asia-Pacific economies, demand for poultry feed remains high. Broiler meat is becoming more popular in countries like China and India. As a result, the growing poultry population necessitates the use of higher-quality feed. In addition, worldwide poultry meat output is increasing, with the Asia-Pacific area accounting for two-thirds of the growth.
SYNCRA, a chicken feed supplement developed by DuPont de Nemours and Company, was announced in March 2019 to improve the digestibility of nutrients in poultry production.
The National Livestock Mission (NLM) scheme was launched by the Indian government in 2022 to develop the animal husbandry sector. The scheme provides livestock farmers, SHGs, FPOs, and corporations with loans and subsidies, including a 50% subsidy and a lending facility.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Market size value in 2020 | US$41.055 billion |
| Market size value in 2027 | US$59.371 billion |
| Growth Rate | CAGR of 5.41% from 2020 to 2027 |
| Base year | 2020 |
| Forecast period | 2022–2027 |
| Forecast Unit (Value) | USD Billion |
| Segments covered | Type, Raw Materials, Additives, And Country |
| Regions covered | China, Japan, India, South Korea, Indonesia, Vietnam, Others |
| Companies covered | Cargill, Incorporated, Purina Animal Nutrition (Land O’Lakes), New Hope Group, Archer Daniels Midland, Weston Milling Animal Nutrition, De Heus, Tyson Foods, Alltech, East Hope Group, Godrej Agrovet |
| Customization scope | Free report customization with purchase |
Asia Pacific Poultry Feed Market Segmentation: