Australia & New Zealand Dried Fruits MARKET By Application
| Label | USD Million |
|---|---|
| 2018 | 5650.1317006466 USD Million |
| 2019 | 5898.11053194464 USD Million |
| 2020 | 5607.0930581084 USD Million |
| 2021 | 5734.14175378764 USD Million |
| 2022 | 5923.40405642951 USD Million |
| 2023 | 6169.77998129467 USD Million |
| 2024 | 6468.45960523536 USD Million |
| 2025 | 6821.91638722944 USD Million |
| 2026 | 7219.18028325081 USD Million |
| 2027 | 7661.10235843007 USD Million |
| 2028 | 8163.66400248564 USD Million |
| 2029 | 8699.19445161212 USD Million |
| 2030 | 9278.52811362082 USD Million |
| 2031 | 9905.69360662749 USD Million |
| 2032 | 10565.3770439308 USD Million |
Data Source: Wantstats Repository
Market Dynamics
The Brazil poultry feed market has seen a period of increased competition and product innovation in recent years due to a growing demand. This market is predicted to continue to experience an upward trend during the forecast period (2018 to 2032). This growth is attributed to various factors, including the growth in the Brazilian poultry production industry as well as the population’s increasing demand for high-quality poultry products. The poultry feed market is one of the most important sub-markets within the Brazilian animal feed sector, as it is a necessary ingredient for healthy chicken production. The Brazilian poultry feed is widely used to improve the feed conversion ratio (FCR) in chickens by providing the right nutrition, which significantly improves their productivity. This has led to higher demand for feed ingredients, such as corn, soybean meal, and fish meal. Additionally, with rising feed prices, producers have resorted to using additives that are effective in increasing the productivity of the birds. Furthermore, the Brazilian government has implemented several initiatives to expand the availability of poultry feed in the market. This includes incentivizing producers to meet the demand. These incentives include research grants, loans and preferential pricing.
Additionally, these incentives have helped local producers to become more competitive against foreign competitors. The increasing awareness of environmental sustainability and animal welfare has also been the driving force behind the increasing demand for organic poultry feeds. Brazil is one of the largest producers of organic poultry feed in the world, and this has helped boost sales further as customers become more aware of the importance of organic feed for healthier chickens. Finally, the presence of efficient and reliable distributors and retailers of poultry feed in the market has also been instrumental in supporting market growth. The Brazilian poultry market has been supported by major retailers such as Carrefour, Grupo Ginete, Suffrinha dos Aves, and Petronor. These retailers offer convenience and reliability in the distribution of poultry feed and ingredients to producers at competitive prices. In conclusion, the prospects for the Brazil poultry feed market look positive for the forecast period (2018-2032). Growing poultry production and a population that is increasingly conscious of environmental sustainability and animal welfare will continue to increase demand for poultry feed.
This is further supported by initiatives from the government to expand the availability of feed through incentives and subsidies, as well as the presence of efficient and reliable distributors and retailers.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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