Poultry Feed Exports Continue To Grow At the Increasing Rate for the Next Decade As They Did the Last 20 Years
Healthy poultry requires sufficient quantity of proteins and
carbohydrates along with the necessary vitamins and dietary minerals. These
nutrients are added as feed additives. Poultry feed ingredients mainly comprise
carbohydrates, proteins, and fats. Carbohydrates are the major source of energy
and constitute the largest component of poultry diets, followed by plant
proteins and animal protein sources.
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The growth in the poultry meat and egg industry and
increasing demand for animal protein are the drivers pushing the market of
poultry feed.
In its most recent long-term outlook, the Economic Research
Service (ERS) projects that over the next 10 years (through 2023), U.S. poultry
exports will continue to increase at an average rate of 1.4 percent. Although
the economic model on which it bases its long-term projections is sound, ERS is
somewhat conservative in its forecasts.
Feed additives are included in poultry feed to improve the
efficiency of bird’s growth, their laying capacity, prevent diseases, and
improve feed utilisation. Additives such as flavour enhancers, artificial and
nutritive sweeteners, colours, and others are also added to the poultry feed to
enhance quality.
The U.S. is the world’s largest producer of broiler meat.The
high production level in U.S. has led the North American market to become the
market leader. The North American consumption of poultry feed accounted for
nearly 29% in terms of value and 31%in terms of volume of the global poultry
feed industry. Rest of world is expected to show continued growth from a low
base, while the Middle East market is expectedto expand quickly due to the
preference for poultry meat. The most significant increase in the poultry meat
consumption is projected in China.
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