North America Poultry Feed Market Trends, And Forecasts Research Reports
North America Poultry Feed Market was worth USD 2.64 billion in 2016 and estimated to be growing at a CAGR of 6.10%, to reach USD 3.46 billion by 2021
(EMAILWIRE.COM, September 26, 2017 ) The North America Poultry Feed Market was worth USD 2.64 billion in 2016 and estimated to be growing at a CAGR of 6.10%, to reach USD 3.46 billion by 2021. In this region, there has always been a huge demand for the poultry products, triggering the demand of poultry feed. Poultry Feed is the food given to the farm animals mainly, chickens, turkeys or any other animals which give meat. The objective of poultry feed is to make the farm animals healthier so that they can provide better meat or other products, like eggs.
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For poultry feed to be healthy, it should contain lots of protein and carbohydrates, along with sufficient amount of vitamins, minerals and adequate amount of water. With the increase in demand of meat and eggs due to increasing urbanization and increasing population, market has also grown a lot. Hence, the research to make better poultry feed has increased and there have been many developments since the early 2000s. With North America having the largest market for the poultry feed among all the regions and also having a decent CAGR of 5.51%, instead of such large market share, this region will remain a world leader in this market till 2021.
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With this region already having such high per capita income and more urbanisation happening, mainly drivers moving to big cities, there is already a huge demand of the animal protein, especially meat and eggs, hence demand of poultry feed and additives is high. In addition, peoples fondness of eating outside at fancy restaurants in North America is also driving this market. There has also been an increase in the poultry related diseases in the recent past, so it is the factor that is concerning people and taking away from poultry products which affects the poultry feed market.
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Market Segmentation
1. Type
Turkeys
Broilers
Layers
Others
Y-o-Y Growth Analysis, By Product
Market Attractiveness Analysis, By Product
Market Share Analysis, By Product
2. Feed Additives
Amino Acids
Feed Enzymes
Antioxidants
Vitamins
Antibiotics
Feed Acidifiers
Y-o-Y Growth Analysis, By Type
Market Attractiveness Analysis, By Type
Market Share Analysis, By Type
On the basis of geography, the North American market is segmented into US and Canada. US has the bigger share among these two segmentations with a global ranking of 2nd for poultry product consumption with an average of 201 pounds per annum per person after Australia. With such big demand for poultry product consumption comes the even bigger demand of Poultry Feed.
Some of the major companies dominating the market in this region, by their products and services include Tyson Foods (U.S.), ADM (Archer Daniels Midland Company) (U.S) and Novus International Inc (U.S).
About Market Data Forecast:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options. For more info kindly visit, www.marketdataforecast.com
Browse Full Report @ http://www.marketdataforecast.com/market-reports/north-america-poultry-feed-market-3344/
For poultry feed to be healthy, it should contain lots of protein and carbohydrates, along with sufficient amount of vitamins, minerals and adequate amount of water. With the increase in demand of meat and eggs due to increasing urbanization and increasing population, market has also grown a lot. Hence, the research to make better poultry feed has increased and there have been many developments since the early 2000s. With North America having the largest market for the poultry feed among all the regions and also having a decent CAGR of 5.51%, instead of such large market share, this region will remain a world leader in this market till 2021.
Download Free Sample Report @ http://www.marketdataforecast.com/market-reports/north-america-poultry-feed-market-3344/request-sample
With this region already having such high per capita income and more urbanisation happening, mainly drivers moving to big cities, there is already a huge demand of the animal protein, especially meat and eggs, hence demand of poultry feed and additives is high. In addition, peoples fondness of eating outside at fancy restaurants in North America is also driving this market. There has also been an increase in the poultry related diseases in the recent past, so it is the factor that is concerning people and taking away from poultry products which affects the poultry feed market.
Avail Discount @ http://www.marketdataforecast.com/market-reports/north-america-poultry-feed-market-3344/request-discount
Market Segmentation
1. Type
Turkeys
Broilers
Layers
Others
Y-o-Y Growth Analysis, By Product
Market Attractiveness Analysis, By Product
Market Share Analysis, By Product
2. Feed Additives
Amino Acids
Feed Enzymes
Antioxidants
Vitamins
Antibiotics
Feed Acidifiers
Y-o-Y Growth Analysis, By Type
Market Attractiveness Analysis, By Type
Market Share Analysis, By Type
On the basis of geography, the North American market is segmented into US and Canada. US has the bigger share among these two segmentations with a global ranking of 2nd for poultry product consumption with an average of 201 pounds per annum per person after Australia. With such big demand for poultry product consumption comes the even bigger demand of Poultry Feed.
Some of the major companies dominating the market in this region, by their products and services include Tyson Foods (U.S.), ADM (Archer Daniels Midland Company) (U.S) and Novus International Inc (U.S).
About Market Data Forecast:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options. For more info kindly visit, www.marketdataforecast.com
Contact Information:
Market Data Forecast.
Abhishek
Tel: +1-888- 702-9626
Email us
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Market Data Forecast.
Abhishek
Tel: +1-888- 702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results