Global Poultry Feed Market Outlook

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

Market Dynamics

the global poultry feed market has been on an upward trend in recent years and this is expected to continue for the next few years. the high demand for poultry feed is attributed to the rising demand for poultry products and the growing global population. the global poultry feed market is segmented into the four key segments: feed concentrates, feed additives, supplement concentrates, and feed premixes. each segment is counted to play a significant role in the growth of the global poultry feed market. in 2018, feed concentrates accounted for the major share in the global poultry feed market on account of their ability to increase feed efficiency and reduce feed cost. feed concentrates are high-quality sources of starch, protein, and minerals that are blended to ensure the optimal balance of essential nutrients for poultry. this segment is projected to register a substantial cagr of over 3% through 2032. moreover, feed additives are used to supplement feed diets with nutrients like vitamins, minerals, functional ingredients, and proteins. this segment was estimated to account for approximately 30% share in 2018, and is expected to grow due to increasing consumer awareness regarding nutritional benefits of feed additives. the supplement concentrates segment includes essential feed supplements such as amino acids, enzymes, vitamins, probiotics, and other specialized ingredients. this segment is expected to register the highest cagr due to increasing investments in r&d activities by feed manufacturers in order to develop specialized feed concentrates. the feed premixes segment is expected to register slow growth rate during the forecast period due to the challenges associated with the formulation of premixes and difficulty in storage. this segment has the potential to register good growth rate with the introduction of new technologies and products. overall, the global poultry feed market is expected to register a cagr of around 3% in terms of revenue between 2018 and 2032. the global market is expected to be driven by increasing demand for high-quality poultry products and increasing disposable incomes across different regions. moreover, rising consumer awareness regarding the nutritional benefits of feed supplements and ongoing research and development efforts by feed manufacturers in order to develop specialized products is expected to contribute to the growth of the global market.