Asia Pacific Poultry Feed Market
Poultry feed products are fortified with optimal levels of calcium, phosphorus, minerals, and vitamins. Feed fortification will decrease mortality and increase bone strength. Feed fortification has a positive effect on bone strength which leads to a reduction of bone fractures. Probiotic fortification of a feed helps to improve growth performance, animal immunity, and overall poultry performance. The poultry feed is fortified with synthetic amino acids is to reduce the use of crude protein, such as soybean, meal in poultry diets. In addition to contributing to protein-rich feedstuff substitution, amino acids can also positively impact animal metabolism. There is an increase in interest in such dietary intervention that could address the protein deficit by lowering dependence on soybean. The import of soybean could be significantly reduced through the use of feed-grade amino acids. In India, the average soybean meal price has risen by 64% between April and July 2021. The fluctuation in soybean prices is also expected to boost the need for feed-grade amino acids in poultry feed. Hence, increasing demand for fortified poultry feed products would emerge as a trend in the Asia-Pacific poultry feed market in the coming years.
The rumors, particularly on social media, linking poultry consumption as possible vectors for COVID-19 transmission led to a decline in the demand for poultry products. The lockdown measures caused severe disruptions in the poultry production, distribution networks, and inadequate availability of critical inputs, such as feed, significantly affected the growth and production of poultry birds in Asia-Pacific. The decline in domestic broiler meat demand due to the COVID-19 decreased poultry meat revenues and table egg demand. The closure of manufacturing plants declined the sales of poultry feeds. The pandemic also caused fluctuations in the prices of raw materials. However, governments of various countries have declared a stimulus package to provide financial assistance to small and medium farmers in rural areas. With the revival of the supply system and support from the government, the demand for poultry feed is expected to grow in the future. The market is expected to witness an increase in investment by players to utilize the prevailing opportunities and cater to expanding demand for poultry feed in the post-pandemic period.
Strategic insights for the Asia Pacific Poultry Feed provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 51,713.46 Million |
| Market Size by 2028 | US$ 67,338.50 Million |
| Global CAGR (2021 - 2028) | 3.8% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Poultry Type
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
The geographic scope of the Asia Pacific Poultry Feed refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Asia Pacific Poultry Feed Market is valued at US$ 51,713.46 Million in 2021, it is projected to reach US$ 67,338.50 Million by 2028.
As per our report Asia Pacific Poultry Feed Market, the market size is valued at US$ 51,713.46 Million in 2021, projecting it to reach US$ 67,338.50 Million by 2028. This translates to a CAGR of approximately 3.8% during the forecast period.
The Asia Pacific Poultry Feed Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Poultry Feed Market report:
The Asia Pacific Poultry Feed Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Poultry Feed Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Poultry Feed Market value chain can benefit from the information contained in a comprehensive market report.
Office No. 1011, First floor, Farena Corporate Park, Magarpatta-Mundhwa road, Pune - 411028, Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Asia Pacific Poultry Feed Market
