Asia Pacific Poultry Feed Market

Description

The Asia-Pacific Poultry feed market has been accounted for US$XX Million and is expected to grow to US$XX Million by 2022, at a CAGR of XX% during the forecast period. Poultry forms the largest segment in the non-vegetarian food segment- mainly due to its prominent presence in many cuisines, its diversity and religious preferences. This has made Poultry feed the animal feed industry the biggest segment in the animal feed industry. The Asia-Pacific region is a prominent producer and the largest consumer of the Poultry feed industry. The demand for poultry feed depends on many factors such as the age, weight, rate of egg production of the poultry and weather.

Market Dynamics:

The advent of globalization, changing food habits and an increasing demand for protein-rich foods globally are some of the factors that have helped the poultry industry, and hence, the poultry feed market, to expand over the years. The Recent outbreak of poultry diseases and the hygiene concerns about poultry products had reduced poultry consumption and restrained the growth of poultry feed market. However, growing innovation in technology, increasing government regulations on imported foodstuffs have made the outlook of the poultry consumers positive. Increased trend of street food and fast food chains expanding exponentially have contributed significantly to the growth of poultry feed industry. Growing demand for the specific type of poultry meats- on the basis of texture and protein content has shaped the poultry feed industry. Poultry farm owners today prefer feed consisting of protein, mineral and vitamin supplements. Manufacturers are closely working with the factory farmers to direct them towards a higher yield of poultry thereby increasing their return on investment (ROI). Numerous market strategies like innovative product development, partnerships, mergers & acquisitions, and expansion of existing facilities are being used by the key players to expand their market share.

Market Segmentation:

Poultry feed mostly consists of grains and pulses. On the basis of additives, the market is segmented into Protein supplements, mineral supplements, feed enzymes, feed acidifiers, etc. Feed acidifiers have the largest market share. However, the scenario differs from country to country and it mainly depends on the type of poultry preferred in the local cuisines. On the basis of poultry type, the poultry feed market can be segmented as broilers, layers, turkey and others. The feed for different varieties differ slightly in terms of composition.

Geographical Analysis:

Prominent producers of Poultry feed in the region include China, India, Australia, Indonesia, etc. India and China possess the largest market share. South Asian nations like Bangladesh and Pakistan are also prominent consumers of poultry feed in the region. Innovation in storage and development of efficient distribution network has further ensured the growth of the industry.

Some of the key players in the industry include Alltech Inc., ADM (Archer Daniels Midland Company), ABF Plc (Associated British Food), BASF (BadishceAnilin und Soda Fabrik), Charoen Popkhand Foods, Cargill Inc., Evonik Industries AG, CHR.Hansen Holdings A/S, Novus International Inc, Nutreco NV, Royal DSM N.V., DLG Group and InVivo NSA.