Global Poultry Market Research Report 2023
Global Poultry Market Size By Type (Chicken, Turkey, Duck, Others), By Nature (Organic, Seasoned, Frozen, Ready-To-Cook, Ready-To-Eat), By End-Use (Commercial, Household), By Body Part Type (Chest/Breast, Thighs/Legs, Drumsticks, Wings, Others), By Distribution Channel (Hypermarket, Supermarket, Speciality Store, Online), And Region Global Market Analysis And Forecast, 2023-2030
Global Poultry Market Synopsis
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.
- 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.
- Modern poultry farming practices prioritize optimal living conditions for birds, including temperature-controlled housing, proper ventilation, clean water, and high-quality feed. Some farms also employ free-range or organic farming methods, allowing birds outdoor access and a more natural lifestyle.
Top Key Players Involved Are:
"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"
Global Poultry Market Trend Analysis
Increasing Demand For Meat Protein
- Poultry meat and eggs are rich in essential nutrients like high-quality protein, vitamins, and minerals. They provide a well-rounded nutritional profile that supports growth, development, and overall health.
- Increasing awareness about the importance of a balanced diet and the role of protein in maintaining health has contributed to the growing demand for poultry. Poultry is generally perceived as a healthier protein option due to its lower fat content compared to red meat.
- Eating chicken can help to build stronger muscles and promote healthier bones, decreasing the risk of injuries and diseases.
- Poultry is widely accepted and consumed across different cultures and cuisines. It can be prepared in various ways, making it versatile and adaptable to different culinary preferences, which further drives its demand.
Emerging Trend Of Ready-To-Eat Meat Products
- Ready-to-eat meals in the poultry industry refer to products that are fully cooked and prepared, requiring minimal to no additional cooking or preparation by the consumer. These products are designed to provide convenience and save time for individuals who may have limited time for meal preparation or cooking.
- Fully cooked chicken meals offer a complete dining experience in a convenient package. These meals typically consist of cooked chicken accompanied by sauces, side dishes, and sometimes even vegetables. Consumers can heat these meals in a microwave or oven, or in some cases, they may be eaten cold. This category of ready-to-eat meals is particularly appealing to busy professionals, students, or individuals seeking a hassle-free dining option.
- Ready-to-eat poultry products are popular because they provide a convenient solution for those who want a quick and easy meal without compromising on taste or quality. They save time in meal preparation, making them suitable for individuals with busy schedules or those lacking culinary skills. These products can be found in grocery stores, delis, or specialty food outlets, and are often packaged to ensure freshness and ease of consumption.
- In summary, ready-to-eat meals in the poultry industry offer consumers the convenience of enjoying fully cooked and prepared poultry products without the need for extensive cooking or meal preparation.
Segmentation Analysis Of The Global Poultry Market
Global Poultry Market Segments Cover The Type, Nature, Body Part, Distribution Channel, And End-Users. By Type, The Chicken Segment Is Anticipated To Dominate The Market Over The Forecast Period.
- Chicken production is highly efficient and cost-effective compared to other types of poultry. Chickens have a relatively short growth cycle and can convert feed into meat more efficiently than other poultry species.
- Versatility of chicken as a protein makes it a favored option for consumers and food establishments. With its mild flavor, it harmonizes well with diverse seasonings, sauces, and cooking techniques, allowing for a wide variety of dishes and cuisines. This adaptability contributes to its popularity.
- Chicken's broad acceptance and consumption span across various cultures and regions worldwide. It’s familiarity and widespread availability have established it as a preferred meat choice for diverse populations. This wide global acceptance has played a significant role in chicken's dominant position in the poultry market.
- The chicken industry has developed a robust infrastructure and supply chains to satisfy the demand for chicken meat. It has also benefited from advancements in breeding techniques, nutrition, and production management practices, which have enhanced efficiency and productivity. These infrastructure and technological advancements have contributed to the industry's capacity to meet the increasing global demand for chicken.
Regional Analysis Of The Global Poultry Market
Asia Pacific is expected to dominate the market over the forecast period.
- APAC has a rapidly growing population, which translates to a larger consumer base for poultry products. As incomes rise and dietary preferences evolve, the demand for poultry meat and eggs increases.
- As urbanization progresses and lifestyles change, there is a shift towards a more protein-rich diet. Poultry, being a relatively affordable and versatile source of protein, becomes increasingly favored over other meat options.
- The busy lifestyles of urban dwellers in APAC contribute to the popularity of convenient, ready-to-eat poultry products. The demand for pre-cooked, marinated, and processed poultry items is on the rise.
- Countries, such as China, Thailand, and Vietnam, are major exporters of poultry products. Their ability to meet international quality standards and competitive pricing has opened up significant export opportunities to other regions.
Covid-19 Impact Analysis On Global Poultry Market
- Disruption to supply chains at a global level and local limitations on movement both had implications for Bangladesh's poultry sector. Suppliers reported that disruption in global trade meant they could not import component raw materials to produce feed and medicine. This is supported by reports of prolonged border closures preventing the import of essential feed items like maize.
- One of the most prominent rumors that emerged early on was that the virus could be transmitted through food, including chicken and other poultry products. This led to a decrease in demand for poultry products as consumers became hesitant to purchase and consume them.
Top Key Players Covered in Global Poultry Market
- 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
Source: Statista
The above graph shows that the US is the highest exporter of broiler meat in the world.
Key Industry Developments In the Global Poultry Market
In April 2023, Charoen Pokphand Foods Ltd. (CP Foods) announced the grand opening of its sustainable shrimp farm, Homegrown Shrimp USA, located in Indiantown, Florida. This marks a significant step for the Thai agriculture firm as it expands its presence in the developed market of the United States while maintaining a strong focus on sustainability.
In May 2023, as part of a commitment to help its food-insecure neighbors, Perdue Farms awarded a $10,000 grant to the Community Action of Skagit County in Mount Vernon, Wash., through the Franklin P. and Arthur W. Perdue Foundation. The donation from Perdue’s charitable giving arm is part of the company’s Delivering Hope to Our Neighbors® outreach to improve quality of life and build strong communities.
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Global Poultry Market |
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Base Year: |
2022 |
Forecast Period: |
2023-2030 |
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Historical Data: |
2016 to 2021 |
Market Size in 2022: |
USD 378840 Mn. |
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Forecast Period 2023-30 CAGR: |
7.50% |
Market Size in 2023: |
USD 628510 Mn. |
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Segments Covered: |
By Type |
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By End-use |
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By Nature |
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By Distribution Channel |
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By Body Part Type |
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By Region |
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Global Poultry Market |
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Base Year: |
2022 |
Forecast Period: |
2023-2030 |
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Historical Data: |
2016 to 2021 |
Market Size in 2022: |
USD 378840 Mn. |
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Forecast Period 2023-30 CAGR: |
7.50% |
Market Size in 2023: |
USD 628510 Mn. |
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Segments Covered: |
By Type |
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By End-use |
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By Nature |
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By Distribution Channel |
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By Body Part Type |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the Report: |
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Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Type
3.2 By Nature
3.3 By End-Use
3.4 By Body Part Type
3.5 By Distribution Channel
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4
Frequently Asked Questions
What would be the forecast period in the Poultry Market Research report?
The forecast period in the Poultry Market Research Report is 2023-2032.
Who are the key players in the Poultry Market?
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 key players.
What are the segments of the Poultry Market?
The Poultry Market Is Segmented into Type, Nature, Body Part, Distribution Channel, and End-Users and Region. By Type, The Market Is Categorized into Chicken, Turkey, Duck, and Others. By End-Use, The Market Is Categorized into Commercial, Household, and Others. By Nature, The Market Is Categorized into Organic, Seasoned, Frozen, Ready-To-Cook, Ready-To-Eat, and Others. By Distribution Channel, The Market Is Categorized into Hypermarkets, Supermarkets, Speciality Stores, Online, and Others. By Body Part Type, The Market Is Categorized into Chest/Breast, Thighs/Legs, Drumsticks, Wings, And Others. By Region, It Is Analyzed Across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, Etc.), Asia-Pacific (China; India; Japan; Southeast Asia, Etc.), South America (Brazil; Argentina, Etc.), Middle East & Africa (Saudi Arabia; South Africa, Etc.).
What is the Poultry Market?
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.
How big is the Poultry Market?
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.
