Market Introduction
North America Poultry Feed Market The US, Canada, and Mexico are the key economies in North America. The upswing in the consumption of poultry products among consumers is boosting the poultry feed market in this region. With the increasing concerns over health and fitness, the demand for protein-rich food, such as eggs and chicken, has increased. North America Poultry Feed Market According to the United States Department of Agriculture (USDA), the US poultry industry is one of the largest poultry meat producers and exporters across the world. In the US, the consumption of poultry meat (broilers, other chicken, and turkey) is comparatively higher than beef or pork consumption, which is contributing significantly to the growth of the US poultry feed market. Poultry production continues to thrive in North America. Players operating in this market are focusing on providing high-quality poultry feed products with improved performance. For instance, in October 2021, Cargill introduced poultry feed with essential oils for healthy flocks and maximized egg production. North America Poultry Feed Market The company claims that its new products, Nutrena and NatureWise formulas, will boost backyard chickens’ overall wellness and productivity. It also claims that natural essential oils present in the feed will promote egg weight, size, and production. Another animal health and nutrition company, Alltech, launched a new poultry feed additive in November 2018, which aids in optimizing gut form and function. All these happenings demonstrate aggressive efforts of manufactures that are projected to boost the regional market in the near future.
📚 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲@ https://www.businessmarketinsights.com/sample/TIPRE00026752
Market Overview and Dynamics
The poultry feed market in North America is expected to grow from US$ 23,676.04 million in 2021 to US$ 28,270.57 million by 2028; it is estimated to grow at a CAGR of 2.6% from 2021 to 2028. Increasing demand for fortified poultry feed products; poultry feed products are fortified with optimal levels of calcium, phosphorus, minerals, and vitamins. North America Poultry Feed Market Feed fortification will decrease mortality and increase bone strength. Feed fortification has a positive effect on bone strength which leads to a reduction of bone fractures. Probiotic fortification of a feed helps to improve growth performance, animal immunity, and overall poultry performance. The poultry feed is fortified with synthetic amino acids is to reduce the use of crude protein, such as soybean, meal in poultry diets. In addition to contributing to protein-rich feedstuff substitution, amino acids can also positively impact animal metabolism. North America Poultry Feed Market There is an increase in interest in such dietary intervention that could address the protein deficit by lowering dependence on soybean. The import of soybean could be significantly reduced through the use of feed-grade amino acids. The fluctuation in soybean prices is also expected to boost the need for feed-grade amino acids in poultry feed. Hence, increasing demand for fortified poultry feed products would emerge as a trend in the North America poultry feed market in the coming years.
📚𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐋𝐢𝐧𝐤 @ https://www.businessmarketinsights.com/reports/north-america-poultry-feed-market
𝐓𝐡𝐞 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬
ADM
Alltech.
Cargill, Incorporated.
Charoen Pokphand Foods PCL
De Heus Animal Nutrition.
Kent Corporation
Land O’Lakes, Inc.
SHV Holdings
Key Drivers of the Market
1.Rising Poultry Consumption: North America Poultry Feed Market Over the past few decades, poultry meat consumption has seen a significant rise, driven by the growing demand for affordable, high-protein, and versatile food options. Poultry is often considered a healthier and more economical alternative to red meat, contributing to its increased consumption, especially in urban areas. This surge in demand for poultry products has directly impacted the demand for poultry feed.
2.Technological Advancements in Poultry Feed Production: North America Poultry Feed Market The poultry feed industry has experienced technological advancements aimed at improving feed efficiency, quality, and cost-effectiveness. The development of nutritionally balanced feed formulations, precision feeding techniques, and feed additives such as enzymes, probiotics, and antibiotics has improved overall poultry health and productivity. These innovations have allowed poultry farmers to achieve better feed conversion ratios (FCR), a critical factor for profitability in the industry.
3.Population Growth and Urbanization: North America Poultry Feed Market North America’s population continues to grow, with a significant portion of the population residing in urban centers. Urbanization has led to changes in dietary patterns, with more people opting for processed and ready-to-eat poultry products. The increased demand for poultry products from both urban and rural areas drives the growth of the poultry feed market, as poultry farmers seek to meet consumer demand.
4.Shift to Healthier and Sustainable Practices: North America Poultry Feed Market Consumers in North America are increasingly becoming more conscious of the environmental and health impacts of their food choices. This has resulted in a growing trend toward sustainably produced poultry, with a focus on natural and organic feed options. The demand for antibiotic-free poultry products is also on the rise, driving innovations in poultry feed formulations to ensure better health and productivity without the use of antibiotics.
5.Government Policies and Support: North America Poultry Feed Market Various government initiatives and support programs in North America encourage the growth of the poultry farming industry, which indirectly boosts the poultry feed market. In the United States, for instance, subsidies and grants provided to farmers help improve productivity and ensure the availability of feed at competitive prices. Regulatory frameworks also play a role in ensuring feed safety standards and maintaining high-quality poultry products.
Segments Covered
By Poultry Type
- Layers
- Broilers
- Turkeys
By Form
- Pellets
- Crumbles
- Mashed
By Category
- Organic
- Conventional
Market Segmentation
The North American poultry feed market can be segmented based on various factors such as type, ingredients, and poultry species.
- By Type of Feed:
- Starter Feed: This feed is formulated for young chicks to ensure healthy growth and development during the early stages of life.
- Grower Feed: This feed is provided to poultry as they transition from the starter phase to the finishing phase, ensuring they reach optimal weight and size.
- Finisher Feed: This type of feed is given to poultry as they approach market weight, focusing on fattening and muscle development.
- Layer Feed: Specifically formulated for egg-laying hens, layer feed helps maintain healthy egg production and ensures optimal shell quality.
- By Ingredients:
- Cereals and Grains: These form the bulk of poultry feed ingredients, providing energy to the birds. Corn and wheat are among the most commonly used grains.
- Protein Sources: Poultry feed formulations typically include protein-rich ingredients such as soybean meal, fishmeal, and other animal by-products.
- Vitamins and Minerals: Essential for maintaining the health and well-being of poultry, these ingredients are crucial for immune system function, bone development, and metabolic processes.
- Additives and Preservatives: Feed additives like enzymes, probiotics, and prebiotics are increasingly being used to improve digestion and nutrient absorption, while preservatives help enhance shelf-life.
- By Poultry Species:
- Broilers: Broiler production dominates the poultry sector, as broilers are raised for their meat. These birds require high-energy feeds that support rapid growth.
- Layers: Layers are hens raised for egg production, requiring specialized feed formulations to maintain egg quality and production levels.
- Turkeys: While turkeys make up a smaller portion of the market, their feed requirements are also tailored for weight gain and overall health.
Challenges Facing the Poultry Feed Market
- Raw Material Price Fluctuations: One of the biggest challenges in the poultry feed market is the volatility of raw material prices. Feed ingredients like corn, soybean meal, and other grains are subject to price fluctuations due to various factors, including climate change, trade policies, and global supply chain disruptions. These fluctuations can increase production costs for poultry farmers and affect the affordability and availability of poultry feed.
- Concerns Over Feed Safety: The safety and quality of poultry feed are paramount for maintaining healthy poultry and ensuring consumer safety. Contamination of feed with harmful substances such as mycotoxins, pathogens, or heavy metals can lead to serious health issues in poultry and pose risks to human health through the food supply chain. Ensuring feed safety requires stringent monitoring and adherence to regulations, which can add to the cost of production.
- Sustainability and Environmental Impact: As environmental concerns rise globally, the poultry industry is under increasing pressure to adopt more sustainable farming practices. The production of poultry feed, particularly from animal-based ingredients, has a significant environmental footprint. There is a growing need for sustainable feed options, such as plant-based proteins, which may require additional investment in research and development.
- Antibiotic Resistance: The use of antibiotics in poultry farming, although regulated, continues to be a concern due to the potential for antibiotic resistance. Consumers increasingly demand antibiotic-free poultry products, prompting the feed industry to explore alternative methods, such as probiotics and enzyme-based solutions, to promote poultry health without relying on antibiotics.
𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:
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