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)
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
- Broilers
- Layers
- Turkeys
- Others
- Pellets
- Crumbles
- Mashed
- Others
- 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
- ADM
- Alltech.
- Cargill, Incorporated.
- Charoen Pokphand Foods PCL
- De Heus Animal Nutrition.
- Kent Corporation
- Land O'Lakes, Inc.
- 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