Canada Poultry Feed Market Outlook

Synopsis
The above chart is Canada Poultry Feed Market Outlook (2018 to 2032)

Market Dynamics

canada is the fifth-largest producer of poultry feed in the world and the third-largest exporter of poultry feed in the world. in 2018, the canadian poultry feed market was worth nearly $3 billion and it is expected to continue to grow in the next decade. the canadian poultry feed market is driven by a number of favourable factors including high poultry demand, rising health trends, and low feed prices.high demand for poultry products from various sectors, including foodservice and retail, have driven the demand for poultry feed. this high demand has been further increased as health-conscious consumers often opt for the healthier and more nutritious poultry feed. in addition, the increasing global focus on animal welfare has also been driving the demand for high quality and nutritive poultry feed. in recent years, various initiatives such as the establishment of welfare-focused farming regulations, have been initiated to improve the overall quality of poultry feed. furthermore, countries such as canada have imposed import restrictions on poultry feed. this has led to a decline in the availability of cheaper foreign feeds and consequently, led to the price of poultry feed in the country to go up. this has further increased the demand for poultry feed which is domestically produced. finally, the growing number of poultry farms and increased investment in poultry feed production are expected to foster the growth of the poultry feed market in the country in the years to come. new initiatives such as the development of automated feed production systems and the use of feed additives are also being implemented to meet the increasing demand for high-quality poultry feed. overall, the outlook for the canadian poultry feed market is positive and optimistic. with favourable government policies and increasing investment in the industry, it is expected that the demand for poultry feed will continue to grow in the years to come. this will in turn, result in a higher turnover in the market with the industry expected to witness steady growth from 2018 to 2032.