Global Poultry Feed Market Set to Grow to $322bn by 2024

Wednesday 23 January 2019, Amsterdam

Poultry feed is diet or feed ingredients selected by considering the nutrients essential for chickens, ducks, geese and other domestic birds. The necessity of poultry feed is rising due to the absence of anti-nutritional or toxic factors, their palatability or effect on voluntary feed intake.

Poultry feed has become very important considering the increasing population worldwide. Poultry have the advantage of being very efficient (amount of feed need vs. food produced) and a relatively short time period for return on investment in animals, equipment and feed.

The lead analyst of the report commented "Commercial poultry farming is very profitable. Commercial poultry farming business is one of the traditional business ventures. The interest in poultry and poultry products have grown tremendously in the last 20 years. Almost every country in the world has a poultry industry of some kind. Japan is steadily increasing their domestic production of both broilers and egg producing birds. China, the Middle East, and Africa are all areas where increasing demand for poultry has resulted in significant increases in the number of chickens being reared for meat and eggs."

Leading companies featured in the report include Alltech Inc., Archer Daniels Midland Company, BASF Corporation, Cargill Inc., Charoen Pokphand Foods, CHR. Hansen Holdings A/S, Evonik Industries AG, Novus International Inc., Nutreco NV, Royal DSM N.V., Suguna Foods