China Poultry Feed Market was evaluated at US$46,314.134 million for the year 2020, growing at a CAGR of 3.96%, reaching a market size of US$60,786.894 million by the year 2027.
Farmers use the poultry feed to feed poultry, 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 protein is also a significant source of energy for chickens, particularly when carbohydrate and fat intake are low.
Between 2020 and 2027, the projected period, rising preferences for animal protein, global growth of the egg and poultry industries, 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 Chinese poultry feed market. According to Alltech Agri-Food Outlook 2022, China was among the top ten feed-producing countries with a total feed production of 261.42 mmt. 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 Chinese poultry feed market, the layer category, on the other hand, is 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 layer 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, it is 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.
China is anticipated to develop at a substantial CAGR over the forecast period. The Chinese animal feed market is being driven by rising meat consumption and rising demand for milk and dairy products. In comparison to backyard producers, livestock farming has become increasingly commercialized in the country, and producers are more prepared to pay for commercial poultry feed. China's feed industry has grown in diversity, with privately-held businesses leading the way. As the cost of producing feed continues to climb, companies are focusing more on improving their feed production efficiency. According to the Alltech feed survey, China was one of the world's major manufacturers of compound feed in 2019, with a total output of roughly 168 million metric tons, with poultry accounting for nearly 90.5 million metric tons. In the feed segment, rising feed output has provided an appealing export prospect.
Land O'Lakes, Inc., based in the United States, and Royal-Agri firm group based in the Netherlands, announced in June 2019 that they would establish a dairy animal feed joint venture in China.
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.
China Poultry Feed Market Segmentation