MARKET REPORT FEED & ADDITIVE MAGAZINE April 2023 87 • AB Agri • ADM Animal Nutrition • AFGRI Animal Feeds • Alltech Inc. • Avril Group • BRF SA • Cal-Maine Foods • Cargill Inc. • Charoen Pokphand Foods (CP) • Cherkizovo Group • De Heus Animal Nutrition • DLG Group • East Hope Group • ForFarmers • GreenFeed • Haid Group • Hi-Pro Feeds Inc. • J.D. Heiskell & Co. • Japfa Ltd. • JBS S.A. • Kent Nutrition Group • Land O Lakes Inc. • Marubeni Nisshin Feed Co. • MHP • Neovia Group • New Hope Group • Nutreco NV • Perdue Farms Inc. • Royal Agrifirm Group • Sanderson Farm Inc. • Southern States Cooperative • Twins Group - Shuangbaotai • Tyson Foods Inc. • Wayne-Sanderson Farms • Yuetai Group Some of the major players: According to the report, due to growing number of diseases and infections, the animals are more vulnerable to the ailments. Thus, this factor is driving demand for poultry feed in the global market. The factors such as raw material price volatility as well as environmental concerns are expected to stymie the global poultry feed market’s expansion throughout the projection period. MARKET STATUS BASED BY REGION According to the report by Research and Markets, Asia-Pacific dominates the global poultry feed market. The poultry sector in China and India experienced vigorous growth over the past two decades in terms of poultry numbers and the level of output per bird. Higher levels of production are associated with the spread of intensive systems in which food conversion ratios are high. As a result of the growth in the industry, the demand for poultry feed continues to be high in emerging economies of Asia-Pacific in countries like China and India. The production data we compiled from Alltech's report also supports this. In its regional assessment of the poultry feed market, Precedence Research also mentions the potential of the North American region, apart from Asia-Pacific. According to the company's report, North America is expected to develop at the fastest rate during the forecast period 2022-2030. The North American companies are engaged in meat and chicken-based ingredients processing. The North America poultry feed market is being driven by factors such as growing government initiatives, stringent government regulations, and high investments by government bodies. The poultry feed market in North America region is expected to grow due to rising broiler production in the region and customers’ preference for poultry products due to their lower prices when compared to other alternatives. Resources: 1. Alltech, Agri-Food Outlook 2022 & 2023, https:// www.alltech.com/agri-food-outlook/ 2. Research and Markets, Poultry Feed Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023-2028), April 2023, https://www.researchandmarkets.com/reports/5572756/poultry-feed-marketgrowth-trends-covid-19 3. Verified Market Research, Global Poultry Feed Market Size By Product (Complete Feed, Premix Feed), By Application (Ducks, Chicken), By Geographic Scope And Forecast, Published Date: Apr 2023, https://www.verifiedmarketresearch.com/product/poultry-feed-market/ 4. Data Bridge Market Research, Global Poultry Feed Market – Industry Trends and Forecast to 2029, May 2022, https://www.databridgemarketresearch. com/reports/global-poultry-feed-market 5. Precedence Research, Poultry Feed Market - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022 – 2030, Published: May 2022, https://www.precedenceresearch. com/poultry-feed-market
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