MARKET REPORT FEED & ADDITIVE MAGAZINE April 2023 85 duction in 2022 decreased by 1% compared to the previous year. According to the Alltech's report, Europe witnessed a tight poultry market with a strong price. Poultry production is expected to drop, keeping prices high, because of ongoing avian influenza pressure and high input cost. For UK poultry, declining self-sufficiency is expected to continue in 2023, with a slight increase in imports from the Netherlands, Poland and Thailand. Europe is followed by Latin America, which produced 24.5 million tons of layer feed by increasing its production by 3% in 2022. Mexico was the largest layer feed producer in Latin America with a production amount of 7.9 million tons in 2022. It is followed by Brazil with 6.9 million tons. In the country, the rise of the raw materials prices and the slow increase of final prices put the egg industry in a difficult situation. Demand was slower and prices were higher. In 2021, there was a decrease in the number of breeders, which continued to affect the industry in 2022, but a recovery is expected by the end of 2023. Feed value increased because countries such as Argentina increased egg production. The amount of layer feed produced in the North America region in 2022 is 15.5 million tons. The total layer feed production of the region increased by 2.7% in 2022 compared to the previous year. Layer feed production of the USA, the main actor in the region, was 14 million tons in the same period. Layers were more affected by avian influenza than any other poultry species in the U.S in 2022. More than 57 million commercial birds in the U.S. were affected, mostly layers and turkeys. Layer feed production in Africa decreased by 3.4% in 2022 to 9.2 million tons. Kenya reported a 42.5% (0.3 million tons) reduction in layer feed tonnage because of high production costs. Over 40 layer producers have closed their operations there in recent months. In Middle East, layer feed production increased nearly 8% in 2022 to 4.9 million tons. Finally in Oceania, layer feed production climbed nearly 3%, with nearly every country increasing in feed tonnage. MARKET GROWTH EXPECTATIONS There are different forecasts of the global commercial scale of the poultry feed market. For example, according to Global Poultry Feed Market report by Verified Market Research, poultry feed market size was valued at US$ 184.82 billion in 2021 and is projected to reach US$ 256.66 billion by 2030, growing at a CAGR of 3.87% from 2023 to 2030. Precedence Research also makes similar predictions. According to the company's report, the global poultry feed market was estimated at US$ 185.67 billion in 2021 and it is expected to hit US$ 264.6 billion by 2030, growing at a registered CAGR of around 4.5% from 2022 to 2030.
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