Starting a Poultry Feed Mill Business – A Complete Guide

Poultry feed mill business falls under the Animal Food Production industry and businesses in this industry produce food for animals such as livestock and pets.

A poultry feed mill business is not a difficult business to start and it is not so capital intensive especially if you choose to start on a small scale within your neighborhood especially if you live in or around a poultry farm community. Producing the right poultry feed that people want to buy and having good distribution network are the secrets of running a poultry feed mill business.

The Animal Food Production Industry is indeed a large industry and pretty much active in a lot of countries. Statistics have it that in the United States of America alone, there are about 3,757 licensed and registered poultry feed mills responsible for employing about 52,814 people and the industry rakes in a whooping sum of $64 billion annually. The industry is projected to enjoy 0.3 percent annual growth within 2012 and 2017. The establishments in this industry that have a dominant market share in the United States of America are Cargill Inc., Mars Inc. and Nestle.

A recent report published by IBISWorld shows that the Animal Food Production industry is in the mature stage of its life cycle and it is characterized by industry products that have achieved market acceptance, limited opportunities for technological innovation and a stable number of establishments entering and exiting the industry.

The report also shows that the industry’s overall contribution to the overall economy, measured by industry value added (IVA), is projected to rise at an annualized rate of 4.4 percent over the 10 years to 2022. GDP is projected to grow at an annualized rate of 2.0 percent over that same period. The number of establishments is expected to rise over the 10 years to 2022 at an annualized rate of 2.6 percent.

The poultry feed mill business will continue to blossom because poultry birds will always eat in order to stay alive, grow and procreate. Despite the fact that the industry seems relatively saturated, there is still room big enough to accommodate aspiring entrepreneurs who intend opening their own poultry feed mill in the United States of America.

Some of the factors that encourage entrepreneurs to start their own poultry feed mill business are that the business is a thriving business that is easy to setup and manage with minimal startup capital and manpower.

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