USD 117.78 billion
Report ID:
SQMIG30C2138 |
Region:
Global |
Published Date: July, 2001
Pages:
273
|Tables:
96
|Figures:
76
Broilers Feed Market size was valued at USD 125.2 Billion in 2023 and is poised to grow from USD 133.09 Billion in 2024 to USD 216.97 Billion by 2032, growing at a CAGR of 6.30% during the forecast period (2025-2032).
Broiler chickens are a type of chicken developed by breeding specific strains of Cornish and Plymouth rock chickens. These birds spent between 8 and 10 weeks in a hatchery being raised to reach their full size. At eight weeks old, these chickens are nearing their peak marketability as broilers. The modern, intensive broiler farming industry has expanded dramatically, both in urban and rural areas. Chicken, meat, and other poultry bioproducts are being produced more efficiently and economically than ever before because of the expansion of the broiler farming industry. Boosting poultry health and productivity has been possible thanks in large part to the use of broiler feed and its additives. Both large and small-scale, organized chicken farms use broiler feed which will drive the demand for the broiler feed market during the forecast period.
US Broilers Feed Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 117.78 billion
Largest Segment
Mash feed
Fastest Growth
Mash feed
Growth Rate
6.30% CAGR
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The Global Broilers Feed Market is segmented based on type, form, ingredients, and region. Based on type, the market is segmented into starter feed, grower feed, and finisher feed. Based on form, the Broilers Feed Market is segmented into mash, crumble, and pellets. Based on ingredients, the Broilers Feed Market is segmented into soybean, wheat, maize, BNB (blood and bone meal), fish oil, vitamins & minerals, amino acids, and other additives. Based on region, the global Broilers Feed market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Broilers Feed Market Analysis by Form
In 2021, the mash broiler feed segment held the largest market share of the global broiler feed market. The mash feed is used to describe feed that has been ground and thoroughly blended. Birds of any kind can eat this feed. The biggest drawback of giving mash feed is waste during handling and eating by birds, even though the preparation cost is lower and nutritional loss during processing is lower as well. The lower cost and feed used by any bird is the major reason for the dominance of the mash broiler feed. Pellet is a term for feed that has been compacted by steaming and being forced through die holes. All bird species older than 2 to 3 weeks can benefit from this meal. Preparing it is more expensive than using mash feed. Nonetheless, selective feeding is avoided, which reduces feed waste, and overall feed utilization is increased. Crumble is the granular version of pelleted feed. Due to the reduced particle size of the meal, it is better suited for young birds (between 0 and 3 weeks old). As compared to mash feed, the price of preparation is higher. Similar to pellet feed, there is minimal feed waste and no selective feeding occurs. Therefore, in the recent period the demand for pellet and crumble feed is increasing for better FCR and low wastage which will drive the demand for the broiler feed market during the analysis period.
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Asia-Pacific accounted for more than 42% of the global broiler feed market and dominated the worldwide broiler feed production market in 2021 which is projected to continue to do so throughout the forecast period. Massive populations and rising average incomes in the region's developing nations are two important factors that should contribute to the region's rapid expansion. China, India, Thailand, and Malaysia, as well as the region's access to cheap labor and fertile agricultural land, are propelling the region's growth. North America held the second highest share of the worldwide broiler feed market, with the United States accounting for more than 80 % of the regional market. Increasing demand for animal-sourced protein in the region and knowledge of the nutritional value of chicken meat is the primary factor driving the growth of the broiler feed market in North America over the forecast period.
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Broilers Feed Market Driver
Broilers Feed Market Restraint
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The Broilers Feed market is relatively fragmented, with a high level of competition. Few large players, like ABB Ltd, Honeywell, and Kiva Systems, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability.
Broilers Feed Market Top Player’s Company Profiles
Broilers Feed Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, Asia-Pacific dominated the worldwide broiler feed production market in 2021. North America held the second highest share of the worldwide broiler feed market, with the United States accounting for more than 80% of the regional market. Increasing demand for animal-sourced protein in the region and knowledge of the nutritional value of chicken meat is the primary factor driving the growth of the broiler feed market in North America over the forecast period. The mash feed is used to describe feed that has been ground and thoroughly blended.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 125.2 Billion |
Market size value in 2032 | USD 216.97 Billion |
Growth Rate | 6.30% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Broilers Feed Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Broilers Feed Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Broilers Feed Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Broilers Feed Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG30C2138
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