Global Poultry Feed Ingredients Market 2015-2019
About poultry feed ingredients
Poultry feed is used to provide complete nutrition to livestock such as poultry. It includes feed cereals, cakes and meals, co-products from the food sector, minerals, additives, vitamins, oils and fats, and supplements such as silage of legumes, grass, and hay or harvested crops. Poultry feed has high fiber content, vitamins, minerals, and other nutritional components. The feed plays an important role in ensuring safe, affordable, and abundant animal protein.
Technavio's analysts forecast the global poultry feed ingredients market to grow at a CAGR of 5.32% over the period 2014-2019.
Covered in this report
Based on type, the global poultry feed ingredients market can be segmented into energy source, plant protein source, animal protein source, mineral supplements, additives, and others.
Technavio's report, Global Poultry Feed Ingredients Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, Europe, North America, Latin America, and ROW; it also covers the global poultry feed ingredients market landscape and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Poultry Feed Ingredients Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Poultry Feed Ingredients Market: ADM, Alltech, Charoen Popkhand, Chr. Hansen, Evonik Industries, Novus International and Royal DSM
Other Prominent Vendors in the market are: AB Vista, ABF, Addcon Group, Adisseo, Ballance Agri-Nutrients, BASF, Cargill, Danisco, De Hues, DeKalb Feeds, Ewos Group, Kemin Industries, Kent Feeds, Kyodo Shiryo, Land O Lakes Purina, New Hope Group, Novozymes, Nutreco, SKM Animal Feeds & Foods, Venky's, Wen's Group and Weston Milling Animal Nutrition
Commenting on the report, an analyst from Technavio’s team said: “The market is expected to witness certain key trends that will increase the growth of the market. One such trend in the poultry feed ingredients market is the demand for feed enzymes. They help in better feed conversion by the animal, increase the rate of biochemical reactions, improve feed quality, and contribute to animal welfare.”
According to the report, growth in poultry farming is one of the major drivers contributing to the growth of the global poultry feed ingredients market. With the rise in meat consumption, the demand and supply of poultry feed also increases, especially in the poultry sectors. A significant increase in farm animal population corresponds to the production of animal feed, which is contributing to the growth of emerging economies globally.
Further, the report states that one of the major challenges is monitoring farmer mixes. Animal safety can be ensured through the enforcement of stringent regulations limiting the amount of farmer mixes in the animal feed. Disease outbreak in livestock is also hindering the growth of the market.
ADM, Alltech, Charoen Popkhand, Chr. Hansen, Evonik Industries, Novus International, Royal DSM AB Vista, ABF, Addcon Group, Adisseo, Ballance Agri-Nutrients, BASF, Cargill, Danisco, De Hues, DeKalb Feeds, Ewos Group, Kemin Industries, Kent Feeds, Kyodo Shiryo, Land O Lakes Purina, New Hope Group, Novozymes, Nutreco, SKM Animal Feeds & Foods, Venky's, Wen's Group, Weston Milling Animal Nutrition