Poultry Market Overview, Key Players, Industry Share, Demand, Size, Growth Factor, Trends And Forecast To 2030

Poultry Market - By Type Of Animal, By Distribution Channel , Product Type, By Nature, And By Region, Opportunities And Strategies - Global Forecast To 2030 By The Business Research Company

The global poultry market reached a value of nearly $319.2 billion in 2019, having grown at a compound annual growth rate of 5.5% since 2015, and is expected to grow at a CAGR of 6.1% to nearly $405 billion by 2023. The market is expected to grow at a CAGR of 7.2% to nearly $465.7 billion by 2025, and at a CAGR of 6.8% to $645.7 billion by 2030.

The Key drivers of the poultry market include:-
Technological advances is expected to drive the poultry market during the forecast period. New practices involve the use of wireless technologies, GPS positioning and lasers, for tracking meat production and packaging. Meat producing and packaging companies are also expected to integrate big data analytics, IoT, robotics and other technologies into their production and packaging practices

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Poultry Market Segmentation:-
By Type Of Animal
1. Chicken
2. Turkey
3. Ducks and Geese
4. Others

The chicken market was the largest segment of the poultry market segmented by type of animal, accounting for $266.7 billion or 83.5% of the total in 2019. Going forward, the ducks and geese segment is expected to be the fastest growing segment in the poultry market, at a CAGR of 10.4% during 2019-2023.

By Nature
1. Organic
2. Conventional

The conventional market was the largest segment of the poultry market segmented by nature, accounting for 310.4 or 97.2% of the total in 2019. Going forward, the organic segment is expected to be the fastest growing segment in the poultry market, at a CAGR of 14.0% during 2019-2023.

By Distribution Channel
1. Supermarkets/Hypermarkets
2. Convenience Stores
3. Foodservice Stores
4. E-commerce
5. Others

The supermarkets/hypermarkets market was the largest segment of the poultry market segmented by distribution channel, accounting for 148.5 or 46.5% of the total in 2019. Going forward, the e-commerce segment is expected to be the fastest growing segment in the poultry market, at a CAGR of 7.64% during 2019-2023.

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By Geography - The poultry market is segmented into
1.North America
2.Western Europe
3.Asia Pacific
4.Eastern Europe
5.South America
6.Middle East
7.Africa

Some of the major key players involved in the poultry market are
1. Tyson Foods, Inc.
2. JBS S.A.
3. BRF S.A.
4. Koch Foods
5. Charoen Pokphand Foods

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

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