April 22, 2014
Global poultry feed market to reach US$252 billion by 2018
By 2018, the global poultry feed market is projected to generate revenue of US$252,036.2 million and poultry feed additives at US$7,829.8 million, growing at a compounded annual growth rate (CAGR) of 6.1% and 6.0 % respectively, according to a recent Markets and Markets report.
The recently published report, ''Poultry Feed Market by Type (Layers, Broilers, And Turkeys), by Additives, (Antibiotics, Vitamins,
Antioxidants,
Amino Acids, Feed Enzymes, And Feed Acidifiers) & by Geography - Global Trends & Forecasts To 2018'', defines and segments the poultry feed market with analysis and forecasting of the global values and volumes for the market.
The Poultry Feed Market includes feed used for layers, broilers, turkeys, ducks and others. Healthy poultry requires sufficient quantity of proteins and carbohydrates along with the necessary vitamins and dietary minerals. These nutrients are added as feed additives. Poultry feed ingredients mainly comprise carbohydrates, proteins, and fats. Carbohydrates are the major source of energy and constitute the largest component of poultry diets, followed by plant proteins and animal protein sources.
Feed additives are included in poultry feed to improve the efficiency of bird''s growth, their laying capacity, prevent diseases, and improve feed utilisation. Additives such as flavour enhancers, artificial and nutritive sweeteners, colours, and others are also added to the poultry feed to enhance quality. The growth in the poultry meat and egg industry and increasing demand for animal protein are the drivers pushing the market of poultry feed.
The report identifies the driving and restraining factors with an analysis of trends, opportunities, burning issues, winning imperatives, and challenges. The market is segmented and the value is forecasted on the basis of major regions: North America, Europe, Asia-Pacific, Latin America, and Rest of the World (ROW).