The Global Poultry Market size was reasonably estimated to be approximately USD 378840 Million in 2023 and is poised to generate revenue over USD 628510 Million by the end of 2030, projecting a CAGR of around7.50% from 2023 to 2030.
Poultry refers to domesticated birds raised for various purposes, including meat, eggs, and feathers. Chickens, ducks, turkeys, and geese are the most common types of poultry. Poultry farming has a long history and plays a crucial role in the global food industry. Chickens are the most widely raised poultry worldwide, with broilers bred for meat production and layers for egg production.
Broiler chickens are selected to grow quickly and efficiently convert feed into meat, making them a primary source of poultry meat. Layer chickens, on the other hand, are raised in specialized facilities and produce a significant number of eggs throughout their productive lifespan. These eggs are a valuable protein source and are consumed in various forms.
Ducks, turkeys, and geese are also raised for their meat and eggs, although their production levels are generally lower compared to chickens. Duck meat is known for its rich flavor, while turkey meat is popular during festive occasions. Geese are primarily raised for their meat and feathers, which are used in down products.
Leading players involved in the Poultry Market include:
Tyson Foods Inc. (US), JBS S.A. (Brazil), BRF S.A. (Brazil), Cargill Inc. (US), Wen's Food Group (China), New Hope Group (China), Pilgrim's Pride Corporation (US), Charoen Pokphand Foods PCL (Thailand), Perdue Farms Inc. (US), Sanderson Farms Inc. (US), Koch Foods (US), Industries Bachoco S.A.B. de C.V. (Mexico), Marfrig Global Foods S.A. (Brazil), Guangdong Wens Foodstuff Group Co., Ltd. (China), LDC (Louis Dreyfus Company) (Netherlands), Foster Farms (US), Cremonini Group (Italy), MHP SE (Ukraine), Astral Foods Ltd. (South Africa), Maple Leaf Foods Inc. (Canada) and Other Major Players
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Market Driver:
One significant market driver for the poultry industry is the increasing awareness and demand for lean protein sources. Poultry meat, especially chicken, is renowned for its high-quality protein content with lower fat levels, making it an attractive choice for health-conscious consumers. As individuals become more conscious of their dietary choices and seek nutritious options, the poultry market stands to benefit from this trend. Additionally, the versatility of poultry products and the ease of preparation further enhance their appeal, driving the market's sustained growth.
Market Opportunity:
A promising market opportunity within the poultry industry lies in the growing trend towards organic and antibiotic-free poultry products. Consumers are becoming more conscious of the quality and origin of their food, leading to a surge in demand for poultry raised without the use of antibiotics or synthetic hormones. Capitalizing on this opportunity requires producers to adopt sustainable and ethical farming practices, providing consumers with a healthier and environmentally friendly alternative. Companies investing in organic and antibiotic-free poultry production can tap into this niche market, appealing to a segment of consumers seeking premium and responsibly sourced poultry products.
The latest research on the Poultry market provides a comprehensive overview of the market for the years 2024 to 2032. It gives a comprehensive picture of the global Poultry industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Poultry market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind: to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.
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Segmentation of Poultry Market:
By Type
· Chicken
· Turkey
· Duck
· Others
By End-use
· Commercial
· Household
By Nature
· Organic
· Seasoned
· Frozen
· Ready-To-Cook
· Ready-To-Eat
By Distribution Channel
· Hypermarket
· Supermarket
· Specialty Store
· Online
By Body Part Type
· Chest/Breast
· Thighs/Legs
· Drumsticks
· Wings
· Others.
Market Segment by Regions: -
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Reasons to Purchase this Market Report:
- Market forecast analysis through recent trends and SWOT analysis
- Poultry Market Dynamics Scenarios with Market Growth Opportunities over the Next Year
- Market segmentation analysis, including qualitative and quantitative studies that include economic and non-economic impacts
- Poultry Market Regional and country-level analysis that integrates demand and supply forces that impact the growth of the market.
- Competitive environment related to the Poultry market share for key players, along with new projects and strategies that players have adopted over the past five years
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