At 6.0% CAGR, Poultry Feed Market Growth 2021 | Evonik Industries AG, BASF SE, Royal DSM

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SEATTLE, WA, UNITED STATES, December 6, 2021 /EINPresswire.com/ – Commercial farm poultry, such as chickens, geese, ducks and a variety of other domestic poultry species, need poultry feed. It provides the proteins, minerals and vitamins these chickens need to stay healthy, safe and productive. Whole grains can be used to make poultry feed which is better for your health; some experts also advocate organic foods if you’re worried about dangerous chemicals or pesticides. While eating organic vegetables is beneficial, be sure to buy chicken feed that is free from BSE, which affects millions of chickens around the world.

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Competitive analysis

The main players operating in the world poultry feed market include Chr Hansen, Evonik Industries AG, BASF SE, Royal DSM, Novus International, Inc., Alltech, Kent Nutrition Group, Inc., Weston Milling Animal Nutrition, SR Group, Sodrugestvo Group and ADM Animal Nutrition.

The major players operating in the global poultry feed market are focused on approving and launching new products to expand their product portfolio. For example, in January 2021, Chr Hansen received EU approval for its triple strain probiotic, under the brand GalliPro Fit.

Market dynamics

The global poultry feed industry is expected to grow at a rapid rate due to the significant increase in the poultry sector. According to a 2019 report by the United States Poultry and Egg Association, the National Chicken Council, the National Turkey Federation and the United Egg Producers, the poultry industry contributed US $ 495.1 billion to economic activity. and US $ 38.5 billion to the government. Income.

Global poultry feed trade is expected to be hampered by the spread of avian influenza. In India, for example, several cases of bird flu were reported in key states in January 2021. In addition, increasing consumption of vegan food is expected to dampen the growth of the market. According to The Vegan Society, the number of people in the UK who only eat vegetarian food increased from 276,000 in 2016 to 600,000 in 2019.

Due to the strong demand for chicken in the region, the poultry feed industry in North America is expected to expand significantly. According to a study presented at the Chicken Marketing Summit 2018 in Florida, 86 percent of customers ate a chicken meal or snack purchased at a supermarket during a two-week survey in the United States, while 68 percent ate a chicken meal or snack purchased from a supermarket in a two-week survey in the United States, ate a chicken meal or snack from a food. point of service.

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Due to the increased production of dressed chicken in the region, the poultry feed industry in Asia-Pacific is expected to increase significantly. According to the Philippine Statistics Authority, dressed chicken production increased by 40% in the Philippines from 2009 to 2018.

Mr. Shah
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