The Poultry Feed and feed additives market was valued at $69.9b in 2013, to grow at a CAGR of 6.0% annually.
The important drivers for the growth of the European poultry feed and feed additives market are increasing poultry meat consumption and food safety concerns. The poultry meat sector is one of the sectors affected by the animal welfare legislation, thereby also affecting the consumption of poultry feed and feed additives.
The animal welfare legislation in the poultry sector covers production, transport, and slaughter. The most intensive farming systems are present in Europe, making it a prominent market for poultry feed and feed additives. France is Europe’s foremost poultry producer, and is a prominent producer of poultry meat. Thus, it is also a big consumer of poultry feed and feed additives.
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With rapid economic growth in the Asia-pacific region, the demand for poultry protein is rising, especially in China, India, Malaysia, Japan, and Singapore. This increased demand for poultry protein has triggered poultry production in the region. The demand for poultry has driven the poultry feed and poultry feed additives market as well. China and India are expected to be the leading feed additive consumers in the region, because of the fast economic growth and increased poultry production in both countries. The poultry feed market is bolstered by the availability of raw material. Corn and soya are the chief ingredients in poultry feed. Asia consumes a majority of the corn production for feed purposes.
Poultry feed and feed additives consumption is showing significant growth in Latin America. The main reason is significantly growing demand for poultry meat along with health concerns among the people of Latin American countries. Argentina and Brazil are emerging markets for poultry feed and feed additives, because of the increasing meat consumption in these countries, and large meat export opportunities. Even though Brazil was not severely impacted by diseases such as avian flu, such diseases have had an adverse effect on the global meat demands, and hence a similar effect on the poultry feed and feed additives industry. It is expected that with the global economic recovery and increasing export demand from markets such as Russia, the feed additive inputs in Argentina’s poultry production industry will also increase. About MicroMarket Monitor
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