Compound poultry feed is made from various raw materials and additives and contains various ingredients based on poultry’s nutritional needs, growth stages, and feeding characteristics. It studies the characteristics of poultry feed raw materials and also determines the nutritional requirements of poultry. The proportion of each kind of the feed ingredient is determined in the poultry feed formula. A balanced composition of the feed is required to ensure the health of poultry birds. The compound feed promotes the health and well-being of poultry birds with balanced vitamins and other elements. The compound feed fulfills the majority of the macro and micronutrients requirements of animals. To meet the specific feed requirements, the demand for poultry compound feed is growing significantly. Compound feed is fed to animals as an essential source of ration, allowing them to grow and develop properly to enhance their productivity. Additionally, increasing demand for animal protein will further increase the consumption of compound feed in the coming years. Hence, rising demand for compound feed in poultry will boost the market growth in the coming years.
RISING DEMAND FOR COMPOUND FEED IN POULTRY INFLUENCE THE MARKET GLOBALLY
Asia Pacific is the significant markets for the poultry feed industry. With a huge population of poultry meat consumers, the Asia-Pacific poultry feed Market industry is seeing rapid growth and is projected to continue in the coming years. China and India are the world’s two largest manufacturers of chicken feed. The poultry feed production business in India is one of the fastest-growing, with competitiveness among feed manufacturers ramping up. This region’s consumers are looking for additional sources of protein-rich foods. Increased demand for protein-rich foods, combined with increased purchasing power, has significantly increased poultry meat consumption.
Some of the major key players operating in the global poultry feed industry includes ADM, Cargill, Incorporated., Alltech., Charoen Pokphand Foods PCL, ForFarmers, Kent Corporation, SHV Holdings, Land O’Lakes, Inc. , AFGRI Animal Feeds, and DE HEUS ANIMAL NUTRITION. The major players in the poultry feed industry are focusing on strategies such as mergers and acquisitions and research and development to increase the geographical presence and consumer base globally.
