Market Overview:
Poultry Market Size Was Valued at USD 284.43 Billion in 2022 and is Projected to Reach USD 375.41 Billion by 2030, Growing at a CAGR of 3.5 % From 2023-2030.
The global poultry market is a vital component of the global food industry, characterized by the production, processing, and distribution of poultry products, primarily chicken and eggs. With a growing global population and increasing demand for affordable and high-quality protein sources, the poultry market has witnessed significant expansion over the years. Factors such as versatility in poultry products, relatively low production costs, and the ability to cater to diverse consumer preferences have propelled the industry's growth. Regions like Asia, North America, and Europe are major players in the global poultry market, with both developed and emerging economies contributing to its expansion. However, the industry faces challenges related to food safety, animal welfare concerns, and environmental sustainability, which require continuous innovation and adaptation to meet evolving consumer expectations and regulatory requirements.
Top Key Players Covered in The Poultry Market:
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- Tyson Foods, Inc. (USA)
- JBS S.A. (Brazil)
- Cargill, Inc. (USA)
- Pilgrim's Pride Corporation (USA)
- BRF S.A. (Brazil)
- Sanderson Farms, Inc. (USA)
- Perdue Farms (USA)
- Charoen Pokphand Group (CP Group) (Thailand)
- MHP SE (Ukraine)
- Marfrig Global Foods S.A. (Brazil)
- Koch Foods (USA)
- Wens Foodstuff Group (China)
- Inghams Group Limited (Australia)
- BRF S.A. (Brazil)
- Industrias Bachoco, S.A.B. de C.V. (Mexico) And Other Major Players.
Market Dynamics and Factors:
The increasing global population leads to higher demand for affordable and protein-rich food sources. Poultry, particularly chicken, is considered a cost-effective and versatile protein option, making it a preferred choice for consumers worldwide. Additionally, growing awareness of the nutritional benefits of poultry products and the adoption of healthier diets contribute to market growth opportunities. However, challenges such as disease outbreaks, stringent regulations related to food safety and animal welfare, and environmental concerns regarding poultry farming practices pose significant restraints and require continuous innovation and sustainability efforts within the industry.
The expansion of e-commerce and online sales channels, provides a convenient avenue for consumers to access poultry products. Additionally, the diversification of poultry product offerings, such as organic, antibiotic-free, and value-added products, caters to evolving consumer preferences and offers market growth potential. To remain competitive, industry players must invest in advanced technologies, optimize supply chains, and address sustainability concerns to harness
The Poultry Market Report Highlight:
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- By Type, the chicken segment is anticipated to dominate the poultry market due to several factors. Chicken is one of the most widely consumed and versatile protein sources globally, known for its affordability, lean meat, and adaptability in various cuisines. Its popularity is further boosted by the ease of production, rapid growth rates, and efficient conversion of feed to meat.
- By Product Type, the Ready-To-Cook segment is anticipated to dominate the poultry market due to the increasing demand for convenient and time-saving meal solutions among consumers. With busy lifestyles and a preference for hassle-free cooking, ready-to-cook poultry products, such as marinated and pre-seasoned cuts or fully-prepared meals, offer a convenient and quick option for consumers looking to enjoy poultry without the need for extensive preparation.
- By Nature, organic poultry is anticipated to dominate the landscape due to increasing consumer preferences for healthier and sustainably produced food products. With a growing awareness of the benefits of organic farming practices, including reduced chemical use, enhanced animal welfare, and minimized environmental impact, consumers are willing to pay a premium for organic poultry products.
- By Region, Asia Pacific is anticipated to play a pivotal role in the poultry market due to its burgeoning population, rapid urbanization, and changing dietary habits. As consumers in the region increasingly seek affordable and protein-rich food sources, poultry, particularly chicken, serves as a cost-effective and versatile option. The Asia Pacific's vast and diverse market offers significant growth potential, attracting investments in poultry production, processing, and distribution.
Key Industry Development:
In December 2023, Cargill, a significant player in the agricultural and food sector, announced its strategic investment in Aleph Farms, an Israeli startup specializing in cell-based meat production.
In November 2023, Pilgrim's Pride, a leading player in the poultry industry, completed the acquisition of Kerry Group's convenience meals business in North America. This strategic move marks a significant expansion of Pilgrim's product offerings and bolsters its presence in the prepared food market, positioning the company for increased competitiveness and growth opportunities in the region.
The Poultry Market Segmentation:
By Type
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- Chicken
- Turkey
- Ducks
By Product Type
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- Fresh/Chilled
- Frozen
- Ready-To-Cook
- Ready-To-Eat
By Nature
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- Organic
- Conventional
By Distribution Channel
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- Supermarkets/Hypermarkets
- Convenience Stores
- Food Services
- E-Commerce
For this report, Introspective Market Research has segmented the Poultry Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
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- The U.S.
- Canada
- Mexico
Eastern Europe
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- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
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- Germany
- UK
- France
- Netherlands
- Italy
- Spain
- Rest of Western Europe
Asia Pacific
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- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
Middle East & Africa
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- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
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- Brazil
- Argentina
- Rest of SA
