The poultry market has indeed experienced strong growth recently, with significant increases projected for the near future. Specifically, the market size is expected to grow from $360.5 billion in 2023 to $385.37 billion in 2024, representing a compound annual growth rate (CAGR) of 6.9%. The poultry market size is expected to see strong growth in the next few years. It will grow to $494.55 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to rise in consumption of protein, increasing government support, rapid urbanization and increasing population. Major trends in the forecast period include technology advancements, organic poultry, camerabased weighing systems, use of artificial intelligence, increasing investments and strategic partnerships and acquisitions. Absolutely, poultry farming is a crucial sector within agriculture. It plays a significant role in ensuring food security by supplying a steady source of protein through meat and eggs. Innovations and advanced technologies in this field are continually being developed to improve efficiency, animal welfare, and sustainability. In India, poultry consumption has been on the rise, driven by factors such as rapid population growth, changing consumer dietary preferences, urbanization, and inflating disposable incomes. Chicken meat is the most popular choice among the masses due to its affordability, versatility in various cuisines, and widespread availability. Poultry refers to domesticated birds such as chickens, turkeys, ducks, and geese, which are kept by humans for their eggs, meat, or feathers. This report covers the entire poultry market, including both chicks and eggs. Poultry products come in various forms, including fresh or chilled, frozen, ready-to-cook, and ready-to-eat, with options like organic and conventional classifications. These products are distributed through several channels, including supermarkets, hypermarkets, convenience stores, e-commerce platforms, and other distribution methods. The poultry research report is part of a new series that provides comprehensive statistics on the poultry industry. It includes data on the global market size, regional shares, competitors and their market shares, detailed poultry segments, market trends, and opportunities. This report offers an in-depth analysis of both the current and future state of the industry, giving you a complete perspective to help you succeed in the poultry sector.
Key Global Poultry Brands
JBS,Tyson Foods and Sanderson Farms are the top three companies collectively hold a market share of approximately 6%. Regional Market Distribution Asia-Pacific: The largest market, holding about 41% of the global market share. North America and Europe
Major companies operating in the poultry market report are JBS S.A, Tyson Foods, Inc., Pilgrim’s Pride Corporation, BRF S.A, Sanderson Farms, Charoen Pokphand Foods, Hormel Foods Corp, New Hope Liuhe Co. Ltd., Koch Foods, Perdue Farms, Japfa Comfeed Indonesia, Suguna Foods Private Limited, Sneha Group, Jumonji Chicken Company Ltd., Zennoh Feed Mills of the Tohoku District Co, Ltd., Koyu Shokucho KK, Grow-A-Duck Pty Ltd., Arranmore Operations Pty Ltd., Koreaduckherd Co. Ltd., MS Food, Wens Foodstuffs Group Co Ltd., Wellhope Foods Co., Ltd., Fujian Sunner Food Co., Ltd., Jiangsu Lihua Animal Husbandry Co., Ltd., Jiangsu Yike Food Group Co., Ltd., LDC, Fileni Group, PHW Group, Veronesi Holding S.p.A, 2 Sisters Food Group, Noble Foods, Sprehe Gruppe, Lambert Dodard Chancereul Group, HYZA a.s, Res-Drob, Cherkizovo group, AO Prioskolie, SC Avicola Slobozia SA, Vitall SRL, Vodňanská drůbež, a.s, Sinyavskaya Poultry Farm, Ovostar Union, Maple Leaf Foods Inc., Foster Farms, Sysco Corporation, Smithfield Foods Inc., Agro super S.A, Perdigao S.A, Pif Paf Alimentos, Globoaves, Group Arcor, Cresta Roja, Noelma S.A, Arab Company For Livestock Development (ACOLID), Al-Watania, Al-Fakeih Poultry Farms, Keskinoglu, Emirates Modern Poultry Company (Al Rawdah), RCL Foods Ltd., Astral Foods, Cairo Poultry Company, Country Bird Holdings, Sovereign Food Investments, Arab Poultry Breeders Co, Maruben
Major Trends Driving the Market
1. Technology Advancements: Including blockchain, AI, and optoelectronic sensors for better traceability, efficiency, and health monitoring.
2. Organic Poultry: Growing consumer preference for organic and sustainably raised poultry.
3. Camera-Based Weighing Systems: Enhancing accuracy and efficiency in monitoring poultry growth and health.
4. Artificial Intelligence: Applications in predictive analytics, health monitoring, and feed optimization.
5. Increased Investments: From both private and public sectors to enhance infrastructure and integrate advanced technologies.
6. Strategic Partnerships and Acquisitions: Companies expanding market reach and capabilities through partnerships and mergers.
Market Segments Product Segments: Chicks: The largest product segment, accounting for about 56% of the market share.
Eggs Application Segments: Fattened Poultry: The largest application segment, representing about 72% of the market.These factors and trends are propelling the poultry market forward, leading to innovations and efficiencies that benefit both producers and consumers.
The impact of COVID-19 and the Russia-Ukraine war on the poultry sector
The pandemic disrupted global supply chains, leading to challenges in production and distribution. It also caused shifts in consumer demand, with reduced patronage in foodservice sectors. Concurrently, the Russia-Ukraine War has exacerbated issues by affecting the supply of essential feed ingredients and increasing feed costs. This combination of factors has led to higher production costs and market volatility in the poultry industry.
Global Poultry Market – Regional Analysis
Geographically, this report is divided into several key regions, providing insights into sales, revenue, market share, and growth rates of the poultry market in these areas:
– North America: United States, Canada, and Mexico
– Europe: Germany, UK, France, Italy, Russia, Turkey, and others
– Asia-Pacific: China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia, and Vietnam
– South America: Brazil, Argentina, Colombia, and others
– Middle East and Africa: Saudi Arabia, UAE, Egypt, Nigeria, and South Africa
Asia-Pacific is expected to maintain its dominance with an estimated market share of around 40%, followed by North America and Europe with shares of about 30% and 20%, respectively. Latin America and the Middle East & Africa are anticipated to significantly contribute to market growth, each holding an estimated share of 5%
Optimizing Poultry Processing With 3D Imaging Technology for Enhanced Yield and Efficiency
Poultry processing companies are increasingly incorporating 3D imaging systems to enhance yields. These systems use sensors and actuators to create a model of each poultry bird, determining where cuts should be made.
The bird passes through a vision system that captures images and measurements to determine its shape. Near-infrared sensors assess the meat and bone composition. The vision analysis enables precise cuts tailored to each bird’s unique size and shape. This data-driven approach boosts yield and reduces per-unit processing costs. Leading the way in this technology are companies like Gainco, known for their meat and poultry equipment, and Midwest Machine LLC.
Strategic partnerships are significantly reshaping the poultry market
Strategic partnerships have become a significant trend in the poultry industry. Such alliances also facilitate the sharing of resources and expertise, enabling participants to address market challenges more effectively. Overall, these strategic partnerships are crucial in shaping the future of the poultry industry by enhancing productivity, sustainability, and competitiveness. Major players in the sector are growing their market presence, increasing production capabilities, and innovating to address consumer needs. For example, in July 2022, Tyson Foods Inc., a US food processing company, partnered with Tanmiah, a food company based in Saudi Arabia. This collaboration seeks to jointly invest in expanding the processing capacities of Supreme Foods, aiming to improve the availability of high-quality poultry protein products both in the MENA region and worldwide ollaborations between companies, research institutions, and technology providers are driving innovation and enhancing production efficiency. These partnerships often focus on integrating advanced technologies, such as automation, data analytics, and sustainable practices, which help streamline operations and improve product quality.
Market Drivers and Challenges: Analyze the factors driving the growth of the poultry market, including government regulations, environmental concerns, technological advancements, and changing consumer preferences. It also highlights the challenges the industry faces, such as infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape within the poultry market. It includes profiles of key players, their market shares, strategies, and product offerings. Additionally, the emerging players and their potential impact on the market. Latest technological developments in the poultry industry, including advancements in poultry technology, new market entrants, new investments, and other innovations shaping the future of the industry.
Downstream Procurement Preference: It sheds light on customer procurement behavior and adoption trends in the poultry market, including factors influencing purchasing decisions and preferences for poultry products.
Government Policies and Incentives: The impact of government policies and incentives on the poultry market, assessing regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting the market. Evaluates the effectiveness of these policies in driving market growth. Assessment of the environmental impact and sustainability aspects of the poultry market.
Market Forecasts and Future Outlook: Based on the analysis conducted, provides market forecasts and outlooks for the poultry industry, including projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the poultry market.Analysis of historical data and future prospects to provide a global perspective on market trends, volume, and value, ultimately addressing the overall poultry market size.
