Poultry Feed Market Size Worth ($156,710 Mn by 2028) by (3.3% CAGR) Lead by Growing Poultry Production (3.3% CAGR) COVID Impact and Global Analysis & Forecast
According to The Insight Partners study on “Poultry Feed Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Poultry Type, Form, and Category,” the market is projected to reach US$ 156,710 million by 2028 from US$ 124,611 million in 2021; it is expected to grow at a CAGR of 3.3% from 2021 to 2028 . Factors such as growing poultry production and rising demand for compound feed in the poultry market are expected to drive the growth of the poultry feed market during the forecast period. acific held the largest share of the global poultry feed market . With a large base of poultry meat consuming population, the Asia-Pacific poultry feed market is reporting a remarkable growth and is expected to continue to do so over the next few years. Moreover, according to the OECD FAO Agricultural Outlook 2020-2029, the surge in poultry production in Asia-Pacific and Latin America is expected to account for 60% of the global increase in poultry meat. All these factors are likel...