The Latest Poultry Feed Industry Statistics Explained
By 2027, the global poultry feed market is projected to reach $322.89 billion, with a CAGR of 8.34%.
The statistic indicates that the global poultry feed market is estimated to grow significantly over the next few years, reaching a value of $322.89 billion by 2027. This projection suggests a compound annual growth rate (CAGR) of 8.34%, indicating a steady increase in market size annually. This growth is likely driven by factors such as increasing demand for poultry products due to population growth, rising disposable incomes, and changing dietary preferences towards protein-rich foods. The poultry feed market encompasses various products and services related to feeding poultry, including feed additives, feed ingredients, and feed processing equipment. This forecast provides valuable insights for industry stakeholders, investors, and policymakers to understand the market trends and plan strategies accordingly.
In 2018, the poultry feed market size was valued at $201.83 billion.
The statistic that in 2018, the poultry feed market size was valued at $201.83 billion indicates the total worth of the global market for feed specifically designed for poultry consumption during that year. This includes a wide range of feed products and supplements tailored to meet the nutritional needs of various poultry species such as chickens, ducks, and turkeys. The substantial valuation highlights the significant economic importance of the poultry feed industry, reflecting the scale of production and consumption within the global poultry farming sector. This statistic serves as a key indicator for market analysts, policymakers, and industry stakeholders to assess the growth, trends, and competitiveness of the poultry feed market.
As of 2019, China was the largest feed producer globally, with poultry feed being a significant share.
The statistic highlights that in 2019, China held the title of being the largest producer of feed on a global scale. This indicates the significant role China plays in the agricultural industry, particularly in terms of providing feed for livestock. The mention of poultry feed being a significant share suggests that a substantial portion of the feed production in China caters specifically to poultry farming. This statistic underscores China’s importance in the global agricultural market and its ability to meet the demands of feeding livestock, which is crucial for food production and supply chain sustainability worldwide.
The Asia Pacific region dominates the global poultry feed market with a share of approximately 32%.
The statistic indicates that the Asia Pacific region holds a significant position in the global poultry feed market, accounting for approximately 32% of the market share. This dominance suggests that the countries within the Asia Pacific region are major producers and consumers of poultry feed, reflecting the region’s significant role in the global poultry industry. Factors contributing to this dominance may include the large population and rising income levels in Asia Pacific countries, driving demand for poultry products and hence poultry feed. The statistic highlights the importance of the Asia Pacific region in shaping market trends and influencing the overall dynamics of the global poultry feed industry.
Organic poultry feed market size in the US is expected to cross $290 million by 2024.
The statistic indicates that the market size for organic poultry feed in the United States is anticipated to exceed $290 million by the year 2024. This projection suggests a significant growth in the demand for organic poultry feed products, reflecting an increasing preference among consumers for organic and sustainable food options. Factors contributing to this growth may include rising awareness about the health and environmental benefits of organic products, as well as a growing emphasis on animal welfare in the poultry industry. The forecasted expansion of the organic poultry feed market signals opportunities for producers and stakeholders in the organic food sector to capitalize on this trend and meet the evolving needs and preferences of consumers.
North America will likely reach $30 billion by 2024 in poultry feed market size.
The statistic indicates that the poultry feed market size in North America is projected to grow to $30 billion by the year 2024. This suggests a significant increase in the demand and consumption of poultry feed products within the North American region. The poultry industry in North America is expected to experience strong growth, likely driven by factors such as population growth, increasing per capita consumption of poultry products, and evolving dietary preferences. The forecasted market size of $30 billion by 2024 reflects a potential opportunity for businesses and investors operating in the poultry feed industry in North America to capitalize on this growth trend and potentially expand their market presence.
The broiler segment dominates the poultry feed industry with nearly 70% market share.
The statistic “The broiler segment dominates the poultry feed industry with nearly 70% market share” indicates that a significant portion of the market for poultry feed is attributed to broiler chickens. This suggests that the production and consumption of broiler chickens are key drivers of the poultry feed industry, as they consume a substantial amount of feed compared to other poultry species. With nearly 70% market share, broilers hold a commanding lead over competitors such as layers or turkeys in terms of feed consumption, highlighting the importance of broiler production in the overall poultry feed market. This statistic underscores the crucial role of broilers in the poultry industry and emphasizes the significance of catering to the unique nutritional requirements of these birds to maintain their dominance in the market.
The U.S. poultry industry uses about 57 percent of total amount of feed grain produced.
The statistic that the U.S. poultry industry uses about 57 percent of the total amount of feed grain produced indicates the significant role of poultry farming in the consumption of feed grains in the United States. This statistic suggests that a majority of the feed grain produced in the country is allocated towards feeding poultry, highlighting the importance of the poultry industry in utilizing agricultural resources. The high percentage also signifies the scale and demand of the poultry sector within the agricultural landscape, serving as a key driver for the production and utilization of feed grains in the U.S.
The global poultry feed market size was augmented at USD 76.99 billion in 2015.
The statistic that the global poultry feed market size reached USD 76.99 billion in 2015 indicates the total value of all poultry feed produced and consumed worldwide during that year. This figure suggests a significant level of economic activity in the poultry industry, reflecting the demand for feed products to support the growth and development of poultry animals for meat and egg production. The size of the poultry feed market serves as a key indicator of the overall health and growth potential of the poultry industry globally, highlighting the importance of feed manufacturers, farmers, and other stakeholders in meeting the nutritional needs of poultry animals to ensure efficient production and supply of poultry products to meet consumer demand.
The global compound feed production reached a volume of almost 1.14 Billion Tons in 2020.
The statistic indicates that the total volume of compound feed produced worldwide in 2020 was nearly 1.14 billion tons. Compound feed is a mixture of various ingredients such as grains, proteins, vitamins, and minerals that are formulated to meet the nutritional requirements of livestock animals like poultry, cattle, and pigs. This statistic highlights the significant scale of the global livestock industry and the demand for feed to support the production of meat, dairy, and other animal products. The production of compound feed is a key component of modern animal agriculture, playing a crucial role in ensuring the health, growth, and productivity of livestock populations around the world.
Global poultry feed additives market garnered $7.6 billion in 2018, predicted to reach $13.1 billion by 2026.
The statistic indicates that the global poultry feed additives market generated $7.6 billion in revenue in 2018 and is projected to grow to $13.1 billion by the year 2026. This substantial increase in market value suggests a growing demand for poultry feed additives, potentially driven by factors such as increasing global meat consumption, a shift towards healthier and more efficient livestock production practices, and advancements in animal nutrition research. The prediction of reaching $13.1 billion by 2026 reflects a positive outlook for the poultry feed additives industry, highlighting opportunities for companies operating in this market to expand their product offerings and capitalize on the increasing demand for high-quality poultry products.
In 2020, Brazil produced 20.3 million metric tons of broiler feed.
In 2020, Brazil produced 20.3 million metric tons of broiler feed, which indicates the significant scale of the country’s poultry industry. This statistic highlights the country’s role as a major global player in poultry feed production, supporting its substantial domestic broiler production sector. The immense quantity of broiler feed produced underscores Brazil’s agricultural prowess and its importance in supplying feed to support the growth and development of the poultry industry both domestically and internationally. This statistic provides valuable insight into the agricultural productivity and economic significance of Brazil in the global broiler feed market.
The poultry feed premix market is expected to grow at a CAGR of 3.3% during the forecast period 2020-2025.
This statistic indicates that the poultry feed premix market is projected to experience a compound annual growth rate (CAGR) of 3.3% from the year 2020 to 2025. The CAGR represents the smooth annual growth rate of the market over the forecast period, offering insights into the market’s steady expansion. In this context, the poultry feed premix market is expected to increase by 3.3% each year on average during the specified period. This growth rate suggests a positive trend in the market and highlights potential opportunities for companies operating in the poultry feed premix industry.
The organic poultry feed segment in Europe was valued at USD 62.9 million in 2019.
The statistic “The organic poultry feed segment in Europe was valued at USD 62.9 million in 2019” indicates the total monetary worth of organic poultry feed sales in Europe during the year 2019. This figure represents the market size and importance of organic poultry feed within the European region, highlighting a growing trend towards organic and sustainable farming practices. The value of USD 62.9 million suggests that there is a significant market demand for organic poultry feed products, possibly driven by consumer preferences for healthier and environmentally-friendly food options. This statistic provides insight into the economic significance of the organic poultry feed industry in Europe and serves as a valuable data point for businesses operating within this market segment.
Poultry Feed constitutes for around 70% of the total animal feed consumption in Bangladesh.
The statistic, “Poultry Feed constitutes for around 70% of the total animal feed consumption in Bangladesh,” indicates that a significant portion of the animal feed consumed in Bangladesh is specifically allocated for poultry. This suggests that poultry farming is a prominent industry within the agricultural sector of the country. The high percentage of feed dedicated to poultry indicates the economic importance and scale of poultry production in Bangladesh. This statistic highlights the significance of the poultry sector in terms of food production, employment opportunities, and economic contribution to the country’s agricultural industry.
There are about 6,500 feed mills in China and over 9,000 feed companies.
This statistic suggests that the feed industry in China is relatively large and fragmented. With approximately 6,500 feed mills, there is a significant number of facilities involved in processing and manufacturing animal feed products across the country. Moreover, the presence of over 9,000 feed companies indicates a diverse market landscape with various players operating in the sector. This level of competition and market size may signify a robust demand for animal feed products in China, potentially driven by the country’s significant livestock and poultry industries. The diversity in the number of feed mills and companies also highlights the complexity and competitiveness within the feed industry in China.
References
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