What is Global Poultry Market?
The Global Poultry Market is a vast and dynamic sector that encompasses the production, distribution, and consumption of poultry products on a global scale. Poultry, in this context, refers to domesticated birds such as chickens, turkeys, ducks, and geese that are bred for their meat and eggs. The market is driven by a multitude of factors, including population growth, dietary shifts, and technological advancements in poultry farming and processing. The market's value was estimated at US$ 399740 million in 2022, and it is projected to grow to US$ 517340 million by 2029, expanding at a compound annual growth rate (CAGR) of 3.6% from 2023 to 2029.
Chicks, Eggs in the Global Poultry Market:
The Global Poultry Market is segmented into various categories based on the type of product and its applications. Chicks and eggs are two of the most significant segments in the market. Chicks, which are young chickens, represent the largest segment, accounting for about 56% of the market. They are primarily raised for their meat, known as broiler chickens, or for their egg-laying capabilities, known as layer chickens. Eggs, on the other hand, are a staple food item in many cultures and cuisines around the world, and their demand is consistently high. However, the market for eggs is subject to fluctuations due to factors such as changes in dietary preferences and concerns about animal welfare.
Layers, Fattened, Reproduction in the Global Poultry Market:
The Global Poultry Market also varies based on the application of the poultry products. The three main applications are layers, fattened, and reproduction. Layers refer to hens that are specifically bred and raised for egg production. The fattened category includes poultry that is raised for its meat, such as broiler chickens and turkeys. Reproduction, on the other hand, involves the breeding of poultry for the purpose of expanding the flock. Among these applications, the fattened category is the largest, accounting for about 72% of the market. This is likely due to the high global demand for poultry meat, which is often considered a healthier and more affordable alternative to red meat.
Global Poultry Market Outlook:
To recap, the Global Poultry Market is a thriving industry that is expected to grow significantly in the coming years. The market is primarily dominated by the production of chicks and the fattened category, which includes poultry raised for meat. However, the market is also influenced by various other factors, including changes in consumer preferences, technological advancements, and regulatory policies. As such, stakeholders in the market need to stay abreast of these trends and adapt their strategies accordingly to ensure their continued success.
| Report Metric | Details |
| Report Name | Poultry Market |
| Accounted market size in 2023 | US$ 418910 million |
| Forecasted market size in 2029 | US$ 517340 million |
| CAGR | 3.6 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Tyson Foods, CP Group, Wens Foodstuff Group, Sanderson Farms, Industrias Bachoco, Koch Foods, BRF, New Hope Liuhe, Perdue Farms, Cargill, Hormel Foods, PHW, Cal-Maine Foods, OSI Group, Rose Acre Farms, Hendrix Genetics, Grimaud, Nutreco |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
