North America Poultry Feed Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Poultry Type (Layers, Broilers, Turkeys, and Others), Form (Pellets, Crumbles, Mashed, and Others), and Category (Organic and Conventional)

TIPRE00026752 | Pages: 110 | Food and Beverages | Jan 2022 | Type: Regional | Status: Published

Market Introduction

The US, Canada, and Mexico are the key economies in North America. The upswing in the consumption of poultry products among consumers is boosting the poultry feed market in this region. With the increasing concerns over health and fitness, the demand for protein-rich food, such as eggs and chicken, has increased. According to the United States Department of Agriculture (USDA), the US poultry industry is one of the largest poultry meat producers and exporters across the world. In the US, the consumption of poultry meat (broilers, other chicken, and turkey) is comparatively higher than beef or pork consumption, which is contributing significantly to the growth of the US poultry feed market.  Poultry production continues to thrive in North America. Players operating in this market are focusing on providing high-quality poultry feed products with improved performance. For instance, in October 2021, Cargill introduced poultry feed with essential oils for healthy flocks and maximized egg production. The company claims that its new products, Nutrena and NatureWise formulas, will boost backyard chickens' overall wellness and productivity. It also claims that natural essential oils present in the feed will promote egg weight, size, and production. Another animal health and nutrition company, Alltech, launched a new poultry feed additive in November 2018, which aids in optimizing gut form and function. All these happenings demonstrate aggressive efforts of manufactures that are projected to boost the regional market in the near future.

 

The COVID-19 pandemic negatively impacted the demand for poultry feed in North America, as it caused significant disruptions in manufacturing and raw material sourcing. These undesirable circumstances resulted in disruptions in poultry consumption, which created significant challenges for the broiler industry in the region. Reduced food-service consumption caused rapid changes in chicken demand, resulting in decreased poultry production. According to the US Department of Agriculture (USDA), egg production totaled 8.81 billion in June 2020, down by 4% from last year in the US. In the country, chicken meat export got discontinued due to emerging risks of contracting COVID-19. However, the market is reviving due to government's growing measures, such as vaccination drives. With an improved economic outlook and easing COVID-19-related production problems, the demand for poultry feed is expected to improve in the coming years.

Market Overview and Dynamics

The poultry feed market in North America is expected to grow from US$ 23,676.04 million in 2021 to US$ 28,270.57 million by 2028; it is estimated to grow at a CAGR of 2.6% from 2021 to 2028. Increasing demand for fortified poultry feed products; 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. 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 North America poultry feed market in the coming years.

Key Market Segments

Based on poultry type, the North America poultry feed market is segmented into broilers, layers, turkeys, and others. In 2020, the broilers segment accounted for the largest revenue share. Based on category, the North America poultry feed market is segmented into organic and conventional. In 2020, the conventional segment accounted for the largest revenue share. Based on form, the North America poultry feed market is segmented into pellets, crumbles, mashed, and others. In 2020, the pellets segment accounted for the largest revenue share.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the poultry feed market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are ADM; Alltech.; Cargill, Incorporated.; Charoen Pokphand Foods PCL; De Heus Animal Nutrition.; Kent Corporation; Land O'Lakes, Inc.; and SHV Holdings; among others.

 

Reasons to buy report

  • To understand the North America poultry feed market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for North America poultry feed market
  • Efficiently plan M&A and partnership deals in North America poultry feed market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America poultry feed market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.

NORTH AMERICA POULTRY FEED MARKET SEGMENTATION

By Poultry Type

  • Broilers
  • Layers
  • Turkeys
  • Others

 

By Form

  • Pellets
  • Crumbles
  • Mashed
  • Others

 

By Category

  • Organic
  • Conventional

 

By Country

  • US
  • Canada
  • Mexico

 

 

1.        Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.        Research Methodology

3.1         Scope of the Study

3.2         Research Methodology

3.2.1        Data Collection

3.2.2        Primary Interviews

3.2.3        Hypothesis Formulation

3.2.4        Macro-economic Factor Analysis

3.2.5        Developing Base Number

3.2.6        Data Triangulation

3.2.7        Country Level Data

4.           North America Poultry Feed Market Landscape

4.1         Market Overview

4.2         Porter’s Five Forces Analysis

4.2.1        Threat of New Entrants:

4.2.2        Bargaining Power of Buyers:

4.2.3        Bargaining Power of Suppliers:

4.2.4        Competitive Rivalry:

4.2.5        Threat of Substitutes:

4.3         Value Chain Analysis

4.3.1        Raw Material:

4.3.2        Manufacturing/ Processing:

4.3.3        Packaging:

4.4         Expert Opinion

5.           North America Poultry Feed Market — Key Market Dynamics

5.1         Market Drivers

5.1.1        Growing Poultry Production

5.1.2        Rising Demand for Compound Feed in Poultry

5.2         Market Restraints

5.2.1        Volatility in Raw Material Prices

5.3         Market Opportunities

5.3.1        Product Innovation

5.4         Future Trends

5.4.1        Increasing Demand for Fortified Poultry Feed Products

5.5         Impact Analysis

6.           Poultry Feed – North America Market Analysis

6.1         North America Poultry Feed Market Overview

6.2         North America Poultry Feed Market –Revenue and Forecast to 2028

7.           North America Poultry Feed Market Analysis – By Poultry Type

7.1         Overview

7.2         North America Poultry Feed Market, By Poultry Type (2020 and 2028)

7.3         Broilers

7.3.1        Overview

7.3.2        Broilers: North America Poultry Feed Market – Revenue and Forecast to 2028 (US$ Million)

7.4         Layers

7.4.1        Overview

7.4.2        Layers: North America Poultry Feed Market – Revenue and Forecast to 2028 (US$ Million)

7.5         Turkeys

7.5.1        Overview

7.5.2        Turkeys: North America Poultry Feed Market – Revenue and Forecast to 2028 (US$ Million)

7.6         Others

7.6.1        Overview

7.6.2        Others: North America Poultry Feed Market – Revenue and Forecast to 2028 (US$ Million)

8.           North America Poultry Feed Market Analysis – By Form

8.1         Overview

8.2         North America Poultry Feed Market, By Form (2020 and 2028)

8.3         Pellets

8.3.1        Overview

8.3.2        Pellets: North America Poultry Feed Market – Revenue and Forecast to 2028 (US$ Million)

8.4         Crumbles

8.4.1        Overview

8.4.2        Crumbles: North America Poultry Feed Market – Revenue and Forecast to 2028 (US$ Million)

8.5         Mashed

8.5.1        Overview

8.5.2        Mashed: North America Poultry Feed Market – Revenue and Forecast to 2028 (US$ Million)

8.6         Others

8.6.1        Overview

8.6.2        Others: North America Poultry Feed Market – Revenue and Forecast to 2028 (US$ Million)

9.           North America Poultry Feed Market Analysis – By Category

9.1         Overview

9.2         North America Poultry Feed Market, By Category (2020 and 2028)

9.3         Organic

9.3.1        Overview

9.3.2        Organic: North America Poultry Feed Market – Revenue and Forecast to 2028 (US$ Million)

9.4         Conventional

9.4.1        Overview

9.4.2        Conventional: North America Poultry Feed Market – Revenue and Forecast to 2028 (US$ Million)

10.        North America Poultry Feed Market – Country Analysis

10.1      North America: Poultry Feed Market

10.1.1     North America: Poultry Feed Market, by Key Country

10.1.1.1       US: Poultry Feed Market –Analysis and Forecast to 2028 (US$ Million)

10.1.1.1.1       US: Poultry Feed Market, by Poultry Type

10.1.1.1.2       US: Poultry Feed Market, by Form

10.1.1.1.3       US: Poultry Feed Market, by Category

10.1.1.2       Canada: Poultry Feed Market –Analysis and Forecast to 2028 (US$ Million)

10.1.1.2.1       Canada: Poultry Feed Market, by Poultry Type

10.1.1.2.2       Canada: Poultry Feed Market, by Form

10.1.1.2.3       Canada: Poultry Feed Market, by Category

10.1.1.3       Mexico: Poultry Feed Market –Analysis and Forecast to 2028 (US$ Million)

10.1.1.3.1       Mexico: Poultry Feed Market, by Poultry Type

10.1.1.3.2       Mexico: Poultry Feed Market, by Form

10.1.1.3.3       Mexico: Poultry Feed Market, by Category

11.        Impact of COVID-19 Pandemic on North America Poultry Feed Market

11.1      North America: Impact Assessment of COVID-19 Pandemic

12.        Industry Landscape

12.1      Overview

12.2      Product Launch

12.3      Mergers & Acquisition

12.4      Joint Venture

12.5      Expansion

12.6      Collaboration and Partnership

13.        Company Profiles

13.1      ADM

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2      Cargill, Incorporated

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3      Alltech.

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4      Charoen Pokphand Foods PCL

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.5      Kent Corporation

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.5.6     Key Developments

13.6      SHV Holdings

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     Financial Overview

13.6.5     SWOT Analysis

13.6.6     Key Developments

13.7      Land O'Lakes, Inc.

13.7.1     Key Facts

13.7.2     Business Description

13.7.3     Products and Services

13.7.4     Financial Overview

13.7.5     SWOT Analysis

13.7.6     Key Developments

13.8      DE HEUS ANIMAL NUTRITION

13.8.1     Key Facts

13.8.2     Business Description

13.8.3     Products and Services

13.8.4     Financial Overview

13.8.5     SWOT Analysis

13.8.6     Key Developments

14.        Appendix

14.1      About The Insight Partners

14.2      Word Index

 


LIST OF TABLES

Table 1.             North America Poultry Feed Market –Revenue and Forecast to 2028 (US$ Million)

Table 2.             US Poultry Feed Market, by Poultry Type – Revenue and Forecast to 2028 (US$ Million)

Table 3.             US Poultry Feed Market, by Form– Revenue and Forecast to 2028 (US$ Million)

Table 4.             US Poultry Feed Market, by Category– Revenue and Forecast to 2028 (US$ Million)

Table 5.             Canada Poultry Feed Market, by Poultry Type – Revenue and Forecast to 2028 (US$ Million)

Table 6.             Canada Poultry Feed Market, by Form– Revenue and Forecast to 2028 (US$ Million)

Table 7.             Canada Poultry Feed Market, by Category– Revenue and Forecast to 2028 (US$ Million)

Table 8.             Mexico Poultry Feed Market, by Poultry Type – Revenue and Forecast to 2028 (US$ Million)

Table 9.             Mexico Poultry Feed Market, by Form– Revenue and Forecast to 2028 (US$ Million)

Table 10.          Mexico Poultry Feed Market, by Category– Revenue and Forecast to 2028 (US$ Million)

Table 11.          List of Abbreviation

 


LIST OF FIGURES

Figure 1.           North America Poultry Feed Market Segmentation

Figure 2.           North America Poultry Feed Market Segmentation – By Country

Figure 3.           North America Poultry Feed Market Overview

Figure 4.           North America Poultry Feed Market, By Form

Figure 5.           North America Poultry Feed Market, By Country

Figure 6.           Porter's Five Forces Analysis

Figure 7.           Value Chain: North America Poultry Feed Market

Figure 8.           Expert Opinion

Figure 9.           North America Poultry Feed Market Impact Analysis of Drivers and Restraints

Figure 10.        North America Poultry Feed Market – Revenue and Forecast to 2028 (US$ Million)

Figure 11.        North America Poultry Feed Market Revenue Share, By Poultry Type (2020 and 2028)

Figure 12.        Broilers: Poultry Feed Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13.        Layers: North America Poultry Feed Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14.        Turkeys: North America Poultry Feed Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15.        Others: North America Poultry Feed Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16.        North America Poultry Feed Market Revenue Share, By Form (2020 and 2028)

Figure 17.        Pellets: North America Poultry Feed Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18.        Crumbles: North America Poultry Feed Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Mashed: North America Poultry Feed Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        Others: North America Poultry Feed Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21.        North America Poultry Feed Market Revenue Share, By Category (2020 and 2028)

Figure 22.        Organic: North America Poultry Feed Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        Conventional: North America Poultry Feed Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        North America: Poultry Feed Market, by Key Country – Revenue (2020) (US$ Million)

Figure 25.        North America: Poultry Feed Market Revenue Share, by Key Country (2020 and 2028)

Figure 26.        US: Poultry Feed Market –Revenue and Forecast to 2028 (US$ Million)

Figure 27.        Canada: Poultry Feed Market –Revenue and Forecast to 2028 (US$ Million)

Figure 28.        Mexico: Poultry Feed Market –Revenue and Forecast to 2028 (US$ Million)

Figure 29.        Impact of COVID-19 Pandemic in North America

  1. ADM
  2. Alltech.
  3. Cargill, Incorporated.
  4. Charoen Pokphand Foods PCL
  5. De Heus Animal Nutrition.
  6. Kent Corporation
  7. Land O'Lakes, Inc.
  8. SHV Holdings 
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America poultry feed market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America poultry feed market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the Poultry Feed Market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

 

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