Market Trends of Poultry Feed Premix Industry
This section covers the major market trends shaping the Poultry Feed Premix Market according to our research experts:
Vitamins - One of the Most Important Ingredients
Vitamins are one of the most important ingredients in poultry feed. The industry average allowance of vitamins, a major ingredient in premix products, increased significantly from 30% to 500%, over the past decade, in order to cope with better feed efficiency, faster growth rates, and greater genetic potential, all working in tandem to drive the premix market. Poultry breeding also witnessed a consistent improvement in the genetic stock. This necessitates the need for continuous modification of the vitamin requirement of poultry. In addition to being an important ingredient for increasing survival rates and immunity, poultry grown under common stress conditions is greatly improved by increased vitamin supplementation. Under intensive growing conditions, poultry birds are especially susceptible to vitamin deficiencies and, hence, the increasing industrialization of poultry production is expected to drive the vitamins segment of the poultry feed premix market.
Asia-Pacific Leads the Global Market
The Asia-Pacific region produced 34.6 million metric ton of chicken meat in the year 2017. The region is the highest poultry production region across the world. The consumption is particularly high in countries such as China, India, Thailand because of rising income of middle-class population, availability of poultry meat at cheaper cost due to production cost benefits and strong export demand. From a small-scale backyard industry, poultry has transformed to be highly industrialized in production scale. Farmers in the region are increasingly investing in high-quality feed to provide optimum nutrition to animals. With increase in poultry consumption, and the resultant impetus to industrialization, the Asia-Pacific region is expected to remain the top regional market for Poultry Feed Premix over the forecast period.
