Poultry Feed Market Overview, Competitive Landscape and Supply Chain Analysis till 2023
The Global Poultry Feed market is set to witness a higher CAGR of 5.29% during the forecast period. Poultry feed is a broader concept in animal feed, animal husbandry and is an important part of poultry. With the upper traction of globalization and rise in consumer spending capacity, the industry is gaining a wider attention due to improved products and availability of a wide range of options. Poultry meat ranks higher in the category and hence there are greater opportunities for market sustenance in the forecast period. The drivers for poultry feed market include rise in poultry consumption and government regulations in various countries such as China and India. Poultry dominates the meat market with broilers accounting for more than a larger share in the global market. Packaged poultry feed is likely to gain a significant market share due to rise in industry participants and upcoming opportunities in the global market.
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