The poultry feed market is anticipated to experience substantial growth, with a robust development rate of 6.45% expected from 2022 to 2030, reaching a market value of USD 218.01 billion by the end of 2030. The consistent increase in overall production of poultry meat and eggs over the years is driving the global poultry feed market growth. Poultry raised intensively require a balanced mix of nutrients in their diet for optimal growth and health. Essential nutrients for poultry health include amino acids, crude protein, fatty acids, vitamins, and minerals.
Mergers and Acquisitions: The recent merger between Novozymes and Chr. Hansen within the feed enzyme sector reflects a consolidation trend in the industry. (Source: Feed Strategy)
IPPE 2024 Discussions: Poultry owners in India are exploring collaborative feed procurement strategies to address escalating costs and ensure stability in the supply chain. (Source: Poultry Dairy Feed)
Regional Developments:
Kerala, India: The poultry market in Kerala faces a shortage of free-range feed, underscoring the necessity for enhanced infrastructure and local feed production. (Source: Poultry Dairy Feed)
North America: The poultry feed market in North America is poised for consistent growth, driven by factors such as increased demand for organic and antibiotic-free poultry products. (Source: Poultry Feed Market by Type)
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