North America Poultry Feed Market by Product and Type - Forecast and Analysis 2024-2028

North America Poultry Feed Market Size 2024-2028

The North America poultry feed market size is forecast to increase by USD 12.39 billion at a CAGR of 4.58% between 2023 and 2028.

• The market is driven by several key factors. The increasing demand for high-performance feed, particularly in intensive production systems, is a significant growth factor. Protein-rich diets are essential for optimal bird growth and egg production, leading to a greater focus on nutrient-dense feed formulations. Soybean meal and wheat remain popular choices for their high protein content, while barley is favored for its fiber and energy benefits. Advanced technologies and data analytics are employed to consider factors such as genetics, age, and environmental conditions, leading to personalized and efficient nutritional profiles. These birds are raised primarily for meat and egg production, necessitating a well-balanced diet rich in essential nutrients such as minerals, vitamins, carbohydrates, proteins, and amino acids. Commercial feed production companies are continually innovating to improve nutrient digestibility and reduce feed waste. Alternative protein sources, such as plant-based proteins and insect meal, are also gaining traction as sustainable and cost-effective options. However, fluctuations in the prices of these key feed ingredients pose challenges for feed manufacturers and farmers alike. Boiler chickens require a balanced diet to thrive, and ensuring the nutritional content of feed remains consistent is crucial for maintaining profitability and productivity in the poultry industry.

What will be the Size of the Market During the Forecast Period?

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• The market is a significant sector within the modern animal production industry, catering to the nutritional needs of various poultry species, including ducks, turkeys, hens, and geese. Poultry feed plays a crucial role in ensuring optimal growth and productivity. Corn, an abundant energy source in North America, often serves as the primary ingredient in poultry feed. However, high-value animal protein sources like soybean meal, wheat, and barley are also integral components, contributing to the nutritional content of the feed.
• The composition of poultry feed varies depending on the specific requirements of each species. For instance, boiler chickens typically require protein-rich diets, with protein content ranging from 18% to 24%, to support their rapid growth. On the other hand, layers require a slightly lower protein content (16%-18%) to maintain egg production. Nutritional supplements, including vitamins and minerals, are essential additives to poultry feed. These supplements ensure that birds receive a complete and balanced diet, contributing to their overall health and productivity. Amino acids, the building blocks of proteins, are also essential components, as birds cannot produce them naturally.
• Feed conversion ratio, a critical performance indicator, is a significant factor in the commercial production of poultry feed. This ratio measures the amount of feed required to produce a unit of weight gain or egg production. Improving feed conversion ratio is a primary focus for feed manufacturers, as it directly impacts profitability and sustainability in the poultry industry. In conclusion, the market is a vital sector that supports the production of meat and eggs. Producers rely on a well-balanced and nutrient-dense diet, consisting of energy sources like corn and protein-rich ingredients such as soybean meal, wheat, and barley. The industry's focus on optimizing feed conversion ratio and providing complete and balanced diets ensures the continued growth and productivity of North American poultry operations.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Product
  • Complete feed
  • Concentrates
  • Premix
• Type
  • Conventional
  • Organic
• Geography
  • North America
    • Canada
    • Mexico
    • US

By Product Insights

• The complete feed segment is estimated to witness significant growth during the forecast period.

In the market, complete feed is a widely adopted solution due to its nutritional completeness and convenience. This feed type offers a balanced diet for poultry, containing essential proteins, energy sources, and necessary vitamins and minerals. By choosing complete feed, poultry farmers eliminate the need for additional supplements and simplify their feeding procedures. Complete feed's pre-formulated nutrition ensures optimal development and performance for the birds, making it an increasingly popular choice among chicken breeders. Small and medium-sized farms, in particular, appreciate the time and cost savings associated with complete feed. While energy sources and proteins are crucial components, it's equally important to consider anti-nutritional elements and animal health in poultry feed.

Feed additives play a significant role in addressing these concerns, enhancing overall feed efficiency and supporting animal well-being. Furthermore, environmental considerations and the growing demand for organic meat are shaping the market trends, with premium chicken feed gaining traction.

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The complete feed segment was valued at USD 28.34 billion in 2018 and showed a gradual increase during the forecast period.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in adoption of North America Poultry Feed Market ?

Rising adoption of precision nutrition and innovative formulations is the key driver of the market.

• In North America, the market is witnessing significant advancements due to the adoption of precision nutrition and innovative formulations. This approach to poultry health and performance involves tailoring feed compositions to meet the unique nutritional needs of individual birds, thereby enhancing their growth, reproductive capabilities, and overall well-being. Innovative feed formulations go beyond traditional compositions, incorporating novel chemicals and additives that enhance nutrient absorption, immunological function, and feed conversion ratios. For example, the addition of probiotics and prebiotics to poultry feed promotes gut health, nutrient utilization, and disease resistance.
• The fast food industry and meat sectors in the US continue to drive the demand for poultry feed, as consumers increasingly seek affordable and high-quality sources of protein. Poultry feed mills are at the forefront of this trend, producing customized feed formulations that cater to the specific needs of various poultry breeds and production systems. Effective disease management is another critical aspect of the market. Feed ingredients play a crucial role in maintaining bird health and preventing the spread of diseases. For instance, the inclusion of antioxidants, vitamins, and minerals in poultry feed helps strengthen the birds' immune systems and protect them from illness.

What are the market trends shaping the North America Poultry Feed Market?

Growing exploration and utilization of alternative protein sources in poultry feed is the upcoming trend in the market.

• The North American market is witnessing a significant transformation as farmers explore the use of alternative protein sources in their feeding regimens. This shift is being driven by a growing focus on sustainability and the quest for more efficient protein solutions. With increasing awareness of environmental responsibility, research into novel protein ingredients such as insect protein, plant-based proteins, and single-cell proteins is gaining traction. These alternative protein sources offer several advantages, including lower environmental impact and improved nutritional value. For instance, insects are highly efficient at converting feed into protein and can be raised with minimal environmental impact.
• Moreover, plant-based proteins derived from legumes and oilseeds help reduce reliance on meat and bone meal, which are resource-intensive. As a result, the poultry farming industry in North America is embracing these innovative feed solutions to meet the evolving demands of consumers and stakeholders.

What challenges does North America Poultry Feed Market face during the growth?

Fluctuations in prices of key feed ingredients is a key challenge affecting the market growth.

• The market faces significant challenges due to the volatility of key feed ingredients' prices. The industry relies heavily on grains, soybean meal, and other protein sources for formulating nutrient-dense diets for poultry in intensive systems. However, the pricing of these components is subject to external influences, such as weather conditions, geopolitical events, and global supply and demand dynamics. For instance, extreme weather events, like droughts, can limit grain production, causing prices to increase. Similarly, geopolitical tensions can disrupt supply chains, leading to increased input costs for feed producers. These unforeseen price increases can significantly impact production costs for poultry feed manufacturers, affecting the overall profitability of the industry.
• Furthermore, to mitigate these risks, commercial feed producers prioritize nutrient digestibility and focus on using high-quality, consistent ingredients in their formulations. By doing so, they can maintain optimal bird performance and ensure the nutritional content of their feed remains consistent, despite market fluctuations.

Exclusive North America Poultry Feed Market Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, market forecast partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• Adisseo Co.
• Alltech Inc.
• Archer Daniels Midland Co.
• BASF SE
• Cargill Inc.
• Evonik Industries AG
• Kalmbach Feeds
• Kemin Industries Inc.
• Kent Corp.
• Koninklijke DSM NV
• Land O Lakes Inc.
• MFA Inc.
• New Country Organics Inc.
• Novus International Inc.
• Nutreco NV
• Parrish and Heimbecker Ltd.
• Perdue Farms Inc.
• The Fertrell Co.
• Tyson Foods Inc.
• Zeigler Bros. Inc

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

The market is a significant sector within the animal husbandry industry, catering to the nutritional needs of various poultry species such as ducks, turkeys, hens, and geese. These birds are raised primarily for meat and eggs production. Poultry feed comprises essential minerals, vitamins, carbohydrates, proteins, and energy sources to maintain optimal animal health and productivity. Modern animal production relies on concentrated feed, premix feed, and complete feed, which include functional varieties with added disease resistance and nutrient management benefits. Feed additives, such as amino acids and protein, are integral to enhancing the nutritional content of poultry feed. Major feed ingredients include corn, soybean meal, wheat, and barley, while animal health considerations necessitate the inclusion of anti-nutritional elements mitigation and disease management strategies.

Moreover, environmental effects on poultry farming practices are also essential, with organic meat and ecommerce platforms playing a growing role in the industry. The fast food industry and meat sectors drive the demand for poultry meat, leading to an increasing focus on high-value animal protein and premium chicken feed. Nutritional supplements and feeding regimens are crucial aspects of poultry nutrition management, with commercial feed production adhering to strict feed specification guidelines. Intensive systems and nutrient digestibility are essential factors in optimizing poultry farming efficiency.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
• Growth of the market across North America
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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