Poultry Market Growth by Top Key Players JBS S.A., Tyson Foods, Inc., BRF S.A., Wen's Food Group, Pilgrim’s Pride Corp, Perdue Farms, Sanderson Farms, Baiada Poultry Company, Bates Turkey Farm, Inc., and Suguna Foods Private Limited.

The group of domesticated birds such as chicken, geese, and ducks is referred as poultry, which provide food and fiber. Poultry industry is rising continuously, owing to an increasing population and their purchasing power, which is fueling the growth of poultry market. According to the World Bank, the world population was 7.6 billion in December 2017 and is expected to reach 11.8 billion by 2100. Furthermore, poultry is most preferred form of meat and it is relatively less expensive, which in turn is driving the growth of poultry market. Poultry is the most widely consumed type of meat coupled with eggs worldwide. It is a rich source of protein.

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Poultry-Market Taxonomy:

On the basis of species type, poultry market is segmented into:

Chickens
Turkeys
Ducks
Geese
Pigeons
Ostrich
Emus
Others

On the basis of distribution channel, poultry market is segmented into:

Supermarkets
Hypermarkets
Online
Convenience Stores
Others

Poultry -Market Outlook:

North America has the largest poultry market, followed by Europe and Asia Pacific. This is attributed to increasing demand for the poultry product, leading to rising poultry production in this region. According to United States International Trade Commission, in 2012, nearly 9.2 billion broiler chicks and poults were hatched for production of meat in the U.S. The U.S. is the largest consumer for chicken poultry meat and per capita consumption in America was 84 billion pounds during 2012. Furthermore, increasing awareness among consumers that poultry is an easier protein as a complement to a wide range of vegetables, fuels the growth of poultry market growth in North America.

The production of poultry was fueled by reduction in pig meat production coupled with increase in pork prices in Asia Pacific region. The Food Safety and Standards Authority of India (FSSAI), Government of India, regulates the poultry slaughter and processing sector through Food Safety and Standards Regulations (FSSR).

Some of the major market players operating poultry market include JBS S.A., Tyson Foods, Inc., BRF S.A., Wen's Food Group, Pilgrim’s Pride Corp, Perdue Farms, Sanderson Farms, Baiada Poultry Company, Bates Turkey Farm, Inc., and Suguna Foods Private Limited.

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This release was published on openPR.