Global Poultry Feed Amino Acids Market Size 2024, Forecast To 2033
6 Mar, 2024
The poultry feed amino acids market has exhibited substantial growth, elevating from $4.06 billion in 2023 to $4.37 billion in 2024, representing a compound annual growth rate (CAGR) of 7.6%. The growth in the historical period is attributed to the burgeoning poultry industry, an increased demand for meat products, a shift towards balanced diets, heightened awareness of protein quality, and the industry's focus on performance enhancement. Anticipating strong growth in the next few years, the poultry feed amino acids market is forecasted to reach $5.66 billion in 2028 at a CAGR of 6.7%. The growth in the forecast period is linked to a focus on nutritional precision, rising demand for high-quality protein, a shift towards sustainable agriculture, global population growth, and ongoing research in animal nutrition. Major trends in this forecast period include the demand for high-quality protein sources, a focus on nutritional efficiency, a shift towards plant-based proteins, and a heightened emphasis on health and disease prevention, along with genetic improvements in poultry.
Global Poultry Feed Amino Acids Market Key Driver
The poultry feed amino acids market is poised for growth, driven by the anticipated increase in meat consumption. Meat, comprising the flesh and other edible parts of animals, is a key component of the poultry feed amino acids market. These amino acids play a crucial role in enhancing the growth and performance of poultry designated for meat production, particularly in achieving higher breast meat percentages in older broilers. In 2021, the United Nations Food and Agriculture Organization projected a substantial expansion in global meat production by almost 44 million tons by 2030, reaching a total of 373 million tons. Additionally, global meat consumption per capita is expected to rise by 0.3% annually, reaching 35.4 kg in retail weight equivalent (R.W.E.) by 2030. Notably, the total meat consumption in the U.S. surged by 40% in 2021, with Americans averaging approximately 274 pounds of meat consumption per person annually. This surge in meat consumption is poised to drive the poultry feed amino acids market.
Get A Free Sample Of The Global Poultry Feed Amino Acids Market ReportGlobal Poultry Feed Amino Acids Market Segments
The poultry feed amino acids market covered in this report is segmented –
1) By Type: Tryptophan, Lysine, Methionine, Threonine, Other Types
2) By Form: Dry, Liquid, Granules
3) By Source: Natural, Synthetic
By Geography:The regions covered in the poultry feed amino acids market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the poultry feed amino acids market in 2023. The regions covered in the poultry feed amino acids market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Poultry Feed Amino Acids Industry Players
Kemin Industries Inc., Evonik Industries AG, Novus International Inc., Archer Daniels Midland Company, Koninklijke DSM NV, Meihua Holdings Group Co Ltd., Sumitomo Corporation, Ajinomoto Co Inc., Adisseo, The Dow Chemical Company, Badische Anilin- und Sodafabrik, Chr. Hansen Holding A/S, Kent Nutrition Group, JD Heiskell & Co, Cargill Incorporated, Nutreco NV, Sunrise Nutrachem Group Co Ltd., Zhengzhou Global Bio-Chem Technology Co Ltd., Lonza Group Ltd, Amino GmbH, Prinova Group LLC, Fufeng Group Ltd., Phibro Animal Health Corporation, CJ CheilJedang Corporation, TransDigm Group Incorporated, Mills Manufacturing Corporation, Precision Aerodynamics LLC, Aerodyne Research Inc., Safran SA, FXC Corporation, Bunge Limited, Novozymes A/S
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Poultry Feed Amino Acids Market Overview
Poultry feeds amino acids refer to the nutrients that are received by poultry through consuming animal feeds. Poultry feed amino acids are used to improve the growth and performance of poultry.
Poultry Feed Amino Acids Global Market Report 2023 provides data on the global poultry feed amino acids market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The poultry feed amino acids market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.