NIGERIA POULTRY FEED MARKET

INTRODUCTION

Poultry, in animal husbandry, refers to domesticated or commercially farmed birds kept for their meat, eggs, or feathers. Guinea hens and squabs are mostly of local significance, whereas chickens, ducks, turkeys, and geese are of significant economic value.

Poultry feed is nourishment for farm poultry such as chickens, ducks, geese, and other domestic birds.Conventional poultry diets typically comprise a variety of cereals such as maize, rice, wheat, oat, and barley, as well as a few cereal byproducts such as wheat bran or rice polish, as well as animal and vegetable protein sources such as fish meal, meat meal, soybean oil meal, groundnut cake, and so on, depending on availability.

Nutrients give the energy and materials required for the growth of bone, meat, feathers, and eggs in poultry. Each of these chemicals is critical in giving nutrients to chickens, and a lack of even one can have major health repercussions.

Although a part of coarse grains in some form should always be included in the ration along with wheat, wheat is often one of the finest grains for feeding chickens.An ingredient in animal food (feed) is any component, element, combination, or mixture that is added to and makes up the animal food. Grains, mill byproducts, added vitamins, minerals, fats/oils, and other dietary fibre and energy sources are examples of possible components in animal food.

NIGERIA POULTRY FEED MARKET SIZE AND FORECAST

The Nigeria poultry feed market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

NIGERIA POULTRY FEED MARKETRECENT DEVELOPMENT

Olam Group to open 2 poultry feed mills in Nigeria.The construction of two additional feed mills for Olam Group is intended to increase Nigeria's degree of chicken meat self-sufficiency.

Olam Group, a subsidiary of Singapore-based Olam International, plans to establish two new chicken feed mills in the country of West Africa, each with a 360,000 metric tonne annual capacity.

Local farms will provide the corn and soybeans for the feeding.Olam has given 60 students from some of the leading institutions in the nation two-year internships, and the company's vets have trained farmers in chicken production.

The 2.5 million metric tonnes of chicken feed capacity in Nigeria will increase thanks to the new facilities, which are situated in the states of Kaduna and Kwara, the company informed Punch during the opening. It is hoped that the increased production would increase the nation's production of high-quality chicken meat and decrease imports.

Olam stated that he intended to spend US$130 million on the new poultry and feed factories in Kaduna and Kwara.Olam International sources and processes a wide variety of agri-food products with operations in 70 countries. In terms of market value, it is one of the top 30 main listed firms on the Singapore Stock Exchange.

NIGERIA POULTRY FEED MARKETCOMPANY PROFILE

• Hansen Holdings A/S
• Lallemand Inc
• DSM
• BASF SE
• Alltech Inc

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS OFNIGERIA POULTRY FEED MARKET

1. How many poultry feeds are manufactured per annum in Nigeria? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Nigeria poultry feed and key vendor selection criteria
3. Where is the poultry feed manufactured? What is the average margin per unit?
4. Market share of Nigeria poultry feed market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Nigeria poultry feed in-house
6. key predictions for next 5 years in Nigeria poultry feed market
7. Average B-2-B poultry feed market price in all segments
8. Latest trends in poultry feed market, by every market segment
9. The market size (both volume and value) of the poultry feed market in 2024-2030 and every year in between?
10. Production breakup of poultry feed market, by suppliers and their OEM relationship