Poultry Feed Market: Introduction
The quantity of feed, and the nutritional requirements of the feed, depend on the weight and age of the poultry, their rate of growth and rate of egg production.
Poultry feed are the food compounds for farm poultry, including chickens, ducks, geese and other domestic birds. Healthy poultry require a sufficient amount of protein and carbohydrates, along with the necessary vitamins and dietary minerals.
Moreover, feed additives are added to the poultry feed so as to minimize the risk of infection, improve the quality of product and provide better immune to birds.
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Poultry Feed Market: Market Overview
The growth in the poultry meat and egg industry and increasing demand for animal protein are the driving the poultry feed market. The major factor hindering the growth of the market are strict government policies & regulation and increasing prices of raw material.
The poultry feed market is primarily driven by increasing demand for poultry meat and egg production. Moreover, rising focus on health & nutrition of to prevent disease out brake and rapid industrialization in the meat industry are factors which are anticipated to fuel the poultry feed market during the projected period.
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Poultry Feed Market: Top Key Players
Some of the key participants in global poultry feed market are Evonik Industries AG, Chr. Hansen Holdings A/S, Novus International Inc, Royal DSM N.V, BASF Se, Alltech Inc., Archer Daniels Midland Company (ADM), Charoen Popkhand Foods, ABF Plc, Cargill Inc, Land O Lakes Purina, New Hope Group, Wen’s Group, Miratorg Agribusiness Holding, Ballance Agri-Nutrients, Ballance Agri-Nutrients etc. The key companies have substantial presence in the market due to their strong clientele base. Additionally, the feed manufactures are increasingly using modern and sophisticated methods that seek to incorporate best global practices. Customise product development and product innovation are the major strategies used by the market players to reinforce the position in the market.
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