- The key vendors in the global poultry feed ingredients market 2015-2019 are ADM, Alltech, Charoen Popkhand Foods, Chr. Hansen, Evonik Industries, Novus and Royal DSM.
London, 14 October 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global poultry feed ingredients market 2015-2019. Increasing demand for feed enzymes is one of the key trends being witnessed in this market. The feed enzymes market is gaining significance as it improves feed quality, helps in better feed conversion by the animal, increases the rate of biochemical reaction, and contributes to the animal’s safety. The global poultry feed ingredients market is expected to grow at a CAGR of 5.32% during the forecast period of 2015-2019.
Technavio’s market research analysts expect that the significant rise in demand for poultry feed ingredients will continue during the forecast period because of an increase in the poultry population globally. The major ingredients in poultry diets include cereals, fats, and oils, which provide the proteins and energy required for the poultry to maintain health and produce eggs. The major cost incurred is on the feed as it directly reflects on the fowl’s health and product quality.
“The rise in meat production and consumption is mainly witnessed in the APAC region and the Americas. Poultry feed helps in the poultry rearing process, thereby producing healthy and quality livestock and related products,” says Faisal Ghaus, Vice President of Technavio Research.
“Poultry producers are increasing their operations in order to meet consumer demand. Hence, poultry producers are focusing on feed proteins and their quality and safety used in the rearing process.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Poultry Feed Ingredients Market 2015-2019, please send an e-mail to media@TechNavio.com
Follow us on Twitter @Technavio
Like us on Facebook
Follow us LinkedIn
Connect with us on Google+
