Page 12 - National Poultry Newspaper

More broilers, more feed: global demand for poultry feed on the rise
THE shift towards high- protein diets and in- creasing preference for poultry meat continues to influence the growth of the poultry feed mar- ket worldwide.
The research also re- veals the sales volume of poultry feed is likely to cross 890,000,000 tons by the end of the assessment year.
ly driven by industry-spe- cific aspects, manufactur- ers can expect momentous growth in forthcoming years, according to the report.
new avenues for the use of other additives in the US including enzymes and premixes to poultry feed to enhance productivity.
to fuel use of poultry feed in broiler production dur- ing the 2018-2027 period.
Sales of poultry feed in the form of briquettes are likely to account for a major share in the entire poultry feed market.
quality poultry feed to ca- ter to the growing poultry production.
Rising exports of poul- try, particularly from the European Union and the US, have remained instru- mental in driving the need for enhanced poultry pro- duction, in turn fuelling sales of poultry feed.
For instance, the Euro- pean Union has banned the use of antibiotics in poultry feed, owing to health risks associated with these formulations.
Poultry feed derived from corn provides high nutrition and palatability along with high protein and low fat content.
Overall, stakeholders in the poultry feed market can expect an opportun- istic scenario driven by a combination of industry- specific and macroeco- nomic factors during the assessment period.
Global market intelli- gence company Fact.MR envisages that the demand for poultry feed is pro- jected to expand at a com- pound annual growth rate of 7.1 percent in terms of volume during the period of forecast (2018-2027).
Growing broiler pro- duction is likely to trig- ger sales of poultry feed across the globe.
Corn poultry feed can replace other sources such as soybean by offering cost superior reductions during production.
Demand for poultry feed continues to remain con- centrated in the emerging economies of Asia Pacific.
Poultry feed producers have been focusing on car- rying out developments in their products and process- ing methods in a bid to cater to the growing needs of consumers as well as abide by laws laid by regu- latory authorities regarding greenhouse gas emissions.
Government regulations regarding use of antibiot- ics in raising poultry are likely to impact the poul- try feed market.
Moreover, the FDA has also allowed the use of in- sect proteins, such as use of black soldier fly larvae, in poultry feed that can act as a sustained protein source.
Corn as a source for poultry feed has gained significant traction in the past couple of years.
However, the demand for poultry feed pellets is projected to witness high- er growth with respect to adoption owing to the enhanced feed conver- sion ratio, feed intake and weight gain.
On the other hand, sales of poultry feed in the US are likely to account for a lion’s share in the poultry feed market, making North America an attractive re- gion for stakeholders from an investment standpoint.
This has also triggered the use of clean labels as a measure to assure the safety of poultry products by communicating ingre- dient information to the consumer.
The US Food and Drug Administration has passed various legisla- tions, such as Guidance #213 that have banned the use of antibiotics.
The United States De- partment of Agriculture estimates broiler produc- tion is anticipated to in- crease by 2 percent by 2018-end to touch 84 mil- lion tonnes.
Sales of poultry feed from corn source are es- timated to cross US$123 billion by the end of 2027, making it a lucrative invest- ment area for stakeholders in the poultry feed market.
Countries such as China and India have been show- casing increasing prefer- ence for broiler meat in the past few years.
The insights presented here are from a research study on the poultry feed market by Fact.MR (www.factmr.com).
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Page 12 – National Poultry Newspaper, October 2018
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