Poultry feed market projected to reach $364.4 billion by 2032 with technological advancements

From GlobeNewswire: 2024-07-01 05:30:00

The poultry feed market is projected to reach USD 364.4 billion by 2032 due to technological advancements in feed formulation. Innovations like precision nutrition and the use of enzymes, probiotics, and prebiotics optimize nutrient absorption and improve gut health, reducing costs and waste in poultry farming.

Scotland’s Rural College is exploring red seaweed as a sustainable alternative to soybean meal in poultry feed. The Novel Seaweed Chicken Feed Feasibility project aims to assess the practicality and cost-efficiency of using protein-rich red seaweed as a chicken feed substitute. This innovation is expected to revolutionize poultry feed production.

The demand for wheat-based poultry feed is on the rise due to the global poultry production requiring high-energy feed. Wheat’s high energy content and digestibility make it a main raw material, driving growth in the wheat segment of the poultry feed market. Consumer demand for poultry products continues to grow, further boosting the reliance on wheat-based feed.

Starter feed is gaining popularity in the poultry feed market as it plays a crucial role in optimizing early-stage nutrition for chicks. Quality starter feeds rich in vital nutrients ensure strong growth, enhanced immunity, and higher survival rates in young poultry. Vendors are focusing on improving feed formulations with probiotics and prebiotics to enhance chick health and productivity.

North America leads in the poultry feed market, driven by consumer preference for cost-effective poultry products. The region’s focus on high-quality and organic poultry products, supported by advancements in feed formulations, contributes to the market’s growth. The fast-food sector’s reliance on chicken also boosts demand, inspiring farmers to invest in superior feed options.



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