Market Trends of Canada Backyard Poultry Feed Industry
This section covers the major market trends shaping the Canada Backyard Poultry Feed Market according to our research experts:
Rising Demand for Poultry Products
Poultry has been one of the fastest-growing segments of the agricultural sector in recent years. The poultry sector underwent major structural changes during the past two decades due to modern intensive production methods, genetic improvements, improved preventive disease control and biosecurity measures, increasing income and human population, and urbanization.
Poultry is one of the most common livestock raising options for urban farmers and households in Canada. Turkeys and gamebirds are grown for meat, while chickens and ducks provide eggs, meat, or both. Canada saw an increase in poultry meat consumption in the past few years. Based on the data from Statistics Canada, the per capita consumption of chicken meat in the country was 73.21 pounds, which increased to 77.43 pounds in 2019. As a result of the rising demand for poultry meat and egg, the backyard poultry sector, including backyard poultry feed, witnessed growth in the country.
As backyard poultry does not require a lot of space, people set it up at an increasing rate. However, poultry requires the right nutrition for proper growth and production. As poultry requires 60% protein, 13% fat, and 3% calcium, the required nutrient content is met majorly by poultry by-products and fish meal. Thus, the demand for high-quality backyard poultry feed also increases simultaneously. Poultry production must increase to keep up with increasing consumer demand, which requires optimum use of high-quality feed to improve production efficiency and feed conversion ratios and enhance animal health. This is anticipated to boost the market during the forecast period.
The Layers Segment is Dominating the Market
The trend of backyard chickens for a farm-to-table egg experience is growing in the country. This is anticipated to increase the demand for layer poultry and, in turn, the demand for poultry feed during the forecast period. Kingston, Newmarket, Niagara Falls, Brampton, Guelph, Edmonton, Montreal (some parts), Surrey, Vancouver, Kitchener, and Victoria are a few cities in Canada that allow backyard poultry, accounting for a major share of the market studied. The demand for novel products with a high nutritional base has aggravated the companies to introduce innovative products in different forms for the ease of consumption of layer poultry birds. Apart from the feed for layers, treats have also been introduced in the market to attract poultry owners. These feeds and treats are gaining popularity among the backyard layer poultry owners in the country. Thus, the market for layer feed is accelerated by the increasing demand for high protein products like farm-to-table eggs in consumers' diets and the adoption of new methods of feeding to improve efficiency during the forecast period.
