Market Size of Canada Backyard Poultry Feed Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 93.83 Billion |
| Market Size (2029) | USD 122.63 Billion |
| CAGR (2024 - 2029) | 5.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Canada Backyard Poultry Feed Market Analysis
The Canada Backyard Poultry Feed Market size is estimated at USD 93.83 billion in 2024, and is expected to reach USD 122.63 billion by 2029, growing at a CAGR of 5.5% during the forecast period (2024-2029).
The supply chain for backyard poultry feed witnessed a disruption as the supply of containers and vessels has also been affected, along with the transport of certain micro-ingredients, due to logistics issues. The government ordered the partial closure of its international ports, promoting further disruptions in the poultry feed supply chain. However, the backyard poultry feed market grew in the later phases due to exemptions from lockdown restrictions and government initiatives to dispel the rumors with respect to poultry as a source of COVID-19, which led to an increase in demand for poultry, thereby boosting the growth of the sector.
Over the medium term, the rapidly increasing demand for backyard poultry meat is an important factor driving the market. Poultry is considered one of the most economical sources of protein, owing to which poultry products, such as egg and meat, witness growing demand. With rising demand for backyard poultry meat and eggs across households and fast-food restaurants in Canada, poultry producers ramp up their production to meet the growing demand. In recent years, several households and small and medium farmers have taken up backyard poultry to meet consumption needs. Interest in backyard poultry in the country increased further during the COVID-19 pandemic, as people were hesitant to buy from stores. People in the country took up backyard poultry to meet their dietary needs of poultry meat and eggs, which increased the demand for backyard poultry feed as well. Chicken and turkey are two of the most consumed and produced meats in Canada, with chicken being the most preferred for backyard poultry. The quality and price of backyard feed products are the most prominent factors for the market growth. Hence, due to the aforementioned factors, the market is anticipated to grow during the forecast period.
Canada Backyard Poultry Feed Industry Segmentation
The food for backyard poultry, including chickens, ducks, geese, and other domestic birds, is referred to as backyard poultry feed. Healthy poultry requires the appropriate amount of protein and carbohydrates, necessary vitamins, dietary minerals, and adequate water supplied through the feed. In this report, compound feed sold commercially is considered. Homemade feed is excluded from the scope. The market operates in the B2C model, and market sizing is carried out at the manufacturer level.
The Canadian backyard poultry feed market is segmented by animal type (layer, broiler, and other animal types) and ingredient type (cereal, oilseed meal, fish oil and fish meals, molasses, and other ingredients). The report offers market sizing in terms of value in USD million.
Canada Backyard Poultry Feed Market Size Summary
The Canadian backyard poultry feed market is experiencing significant growth, driven by increasing demand for poultry meat and eggs, which are considered economical sources of protein. The market has shown resilience despite supply chain disruptions caused by logistics issues and partial port closures during the pandemic. Government initiatives to counter misinformation about poultry and COVID-19 have further bolstered demand. The trend of raising backyard poultry has gained popularity, especially during the pandemic, as households sought self-sufficiency in food production. This has led to a surge in demand for backyard poultry feed, with chicken and turkey being the most consumed and produced meats. The market's expansion is supported by the growing interest in urban farming, where poultry provides both meat and eggs, and the need for high-quality feed to ensure optimal growth and production efficiency.
The market is characterized by a fragmented landscape, with several key players like Cargill Inc., ADM Animal Nutrition, and Country Junction Feeds holding significant shares. These companies are actively expanding their operations and product offerings to meet the rising demand for innovative and high-nutritional poultry feed products. The trend towards farm-to-table experiences is driving the demand for layer poultry and their feed, as consumers seek high-protein diets. Cities across Canada, such as Kingston, Newmarket, and Vancouver, are contributing to the market's growth by allowing backyard poultry farming. The introduction of novel feed products and treats is further enhancing the appeal of backyard poultry ownership, supporting the market's positive trajectory during the forecast period.
Canada Backyard Poultry Feed Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Layer
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2.1.2 Broiler
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2.1.3 Other Animal Types
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2.2 Ingredient Type
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2.2.1 Cereal
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2.2.2 Oilseed Meal
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2.2.3 Molasses
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2.2.4 Fish Oil and Fish Meal
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2.2.5 Supplements
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2.2.6 Other Ingredient Types
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Canada Backyard Poultry Feed Market Size FAQs
How big is the Canada Backyard Poultry Feed Market?
The Canada Backyard Poultry Feed Market size is expected to reach USD 93.83 billion in 2024 and grow at a CAGR of 5.5% to reach USD 122.63 billion by 2029.
What is the current Canada Backyard Poultry Feed Market size?
In 2024, the Canada Backyard Poultry Feed Market size is expected to reach USD 93.83 billion.
