MARKET REPORT 82 FEED & ADDITIVE MAGAZINE April 2023 Poultry feed is used to feed ducks, turkeys, chickens, geese, and other domestic birds by farmers. Today, modern feed is prepared by carefully selecting and blending components in order to provide a highly nutritious diet that maintains the health of poultry birds while also boosting the quality of end products like meat and eggs. The primary elements required by poultry birds for development, reproduction, maintenance, and health are minerals, vitamins, carbohydrates, proteins, and water. The majority of the energy necessary for development comes from carbohydrates and fats. Protein is also a Global Poultry Feed Market According to Agri-Food Outlook 2023 report, prepared by Alltech, global feed tonnage totalled 1.266 billion metric tons in 2022. 525.8 million tons of this is poultry feed (broiler and layer). This corresponds to about 42 percent of the total compound feed production in the world. On the other hand, the global commercial scale of the poultry feed market is estimated to be between US$ 180 and 250 billion. According to the report by Verified Market Research, the value size of the global poultry feed market was US$ 184.82 billion in 2021. The market is projected to reach US$ 256.66 billion by 2030, growing at a CAGR of 3.87% from 2023 to 2030. By Derya Yildiz
RkJQdWJsaXNoZXIy MTUxNjkxNQ==