Poultry Feed Market Outlook

 

Poultry Feed Market: A Feathered Frenzy Fueled by Rising Demand and Innovation By Global Forecast Till 2030

Poultry Feed Market Outlook

The poultry feed market plays a vital role in the global food chain, providing essential nourishment for chickens, turkeys, ducks, and other domesticated birds. As the world grapples with an ever-growing population and increasing demand for protein, the poultry industry finds itself at the forefront, offering a sustainable and efficient source of meat and eggs. This, in turn, has propelled the poultry feed market onto a trajectory of robust growth.

Market Size and Growth Projections

According to Market Research Future (MRFR), the global poultry feed market size was valued at USD 212.17 billion in 2022 and is projected to reach a staggering USD 294.6 billion by 2029, growing at a steady CAGR of 4.8% during the forecast period. Several key factors are contributing to this anticipated growth:

  • Rising demand for poultry products: The global population is expected to reach 9.7 billion by 2050, leading to a surge in demand for protein sources. Poultry meat and eggs offer a cost-effective and readily available solution compared to other protein sources like red meat and seafood.
  • Growing urbanization and disposable income: With increasing urbanization and rising disposable incomes, consumers are shifting their dietary preferences towards convenient and protein-rich options, further contributing to the demand for poultry products.
  • Expansion of the poultry industry: Driven by the growing demand, the global poultry industry is witnessing significant expansion, with increased production of both meat and eggs. This, in turn, necessitates a corresponding increase in the production of poultry feed.
  • Focus on sustainable practices: As environmental concerns escalate, consumers are seeking poultry products raised with sustainable practices. This has led to the increased adoption of sustainable feed ingredients and environmentally friendly production methods in the poultry feed industry.

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