Poultry Market Overview:
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 around 7.50% from 2023 to 2030.
AkViS Intelligence has released a new report titled, Poultry Market: Industry Forecast, 2024–2032, The hen market includes the manufacturing and distribution of domesticated birds, broadly speaking chickens, turkeys, geese, and geese, raised for meat and eggs. This sector is a tremendous issue of the global meals industry, presenting extremely good protein to consumers. The marketplace has expanded due to rising populace stages, increasing urbanization, and a shift in nutritional possibilities towards protein-wealthy meals. Moreover, improvements in breeding, nutrients, and biosecurity practices have more suitable productivity and sustainability, making fowl farming more efficient and economically viable. The growing demand for natural and loose-range merchandise is likewise shaping the industry's landscape.
Poultry Market Dynamics:
Fowl market are encouraged through numerous factors, inclusive of consumer alternatives, pricing fluctuations, and regulatory rules. Demand for fowl is often pushed through health traits favouring lean protein over beef. Moreover, growing feed costs and global deliver chain disruptions can affect production fees and pricing. Animal welfare issues are prompting manufacturers to adopt extra humane practices, influencing customer alternatives and marketplace dynamics. Additionally, change regulations and tariffs can have an effect on global chicken change, creating possibilities and challenges for producers in special regions. The market is also problem to disorder outbreaks, that may substantially affect deliver and purchaser confidence.
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Market Trends:
Chicken market encompass a growing focus on sustainability and animal welfare, main to increased call for organic, free-range, and antibiotic-loose fowl merchandise. The upward thrust of plant-based totally diets are also influencing purchaser picks, prompting a few hen producers to discover alternative protein resources or hybrid merchandise. Technological improvements, along with precision farming and automation, are improving manufacturing performance and reducing waste. Additionally, there is a superb shift toward e-trade and direct-to-patron income channels, particularly within the wake of the COVID-19 pandemic, as purchasers searching for handy get admission to sparkling poultry merchandise.
Opportunities:
The chicken market gives numerous possibilities for growth, especially in developing areas where growing earning are riding accelerated meat consumption. Producers can capitalize at the call for for natural and sustainably sourced products by means of investing in certifications and environmentally friendly practices. The integration of technology in poultry farming, which include IoT and AI for monitoring and managing flocks, can enhance productivity and decrease expenses. Additionally, increasing into price-brought merchandise, inclusive of processed and pre-packaged rooster objects, can cater to evolving consumer choices for comfort. The increase of meals transport offerings and on-line retail systems additionally gives new avenues for marketplace enlargement.
Poultry Market Segmentation:
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
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Poultry Market Key Players:
- 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)
- Industrias 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
Poultry Market Report Most Ask FAQs:
- What is the poultry market?
- What factors are driving the growth of the poultry market?
- What are the main types of poultry products?
- How is the poultry market affected by health trends?
- What are the challenges facing the poultry market?
- What technological advancements are being adopted in poultry farming?
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