(Food-Beverage-News.Com, July 17, 2018 ) Poultry feed industry comprises establishments primarily engaged in manufacturing animal food from ingredients, such as oilseed mill products, grains, meat and fish products. These foods are manufactured especially for farm poultry, including chickens, geese, ducks, turkeys and other
The global poultry feed market was valued at $202 billion in 2017. Among regional markets, Asia Pacific was the largest geographic region accounting for more than one-third of the global market. The market saw a growth due to increasing population, strong economic growth and rising disposable income in many emerging countries in Asia and Africa, rapid urbanization, and shifting consumer preferences in both developed and developing countries.
The USA was the largest country accounting for more than one-sixth of the global poultry feed market. This was mainly due to the presence of a large number of meat and poultry processing companies catering to a large customer base in the country. The USA was followed by China and Japan.
The top five competitors in the market are: Alltech followed by Cargill, BASF SE, Archer Daniels Midland Company and Evonik Industries. Alltech is an American company, headquartered in Nicholasville, Kentucky, with operations in animal feed, meat, brewing, and distilling. Alltech develops agricultural products for use in both livestock and crop farming, as well as products for the food industry. Alltech operates under three main divisions: animal nutrition and health; crop science; and, food and beverage.
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