Poultry Market to Reach USD 628510 Million by 2030, Driving Factors and Growth Prospects

Market Overview:
The Global Poultry Market size was reasonably estimated to be approximately USD 378840 Million in 2023 and is poised to generate revenue over USD 628510 Million by the end of 2030, projecting a CAGR of around 7.50% from 2023 to 2030.

The Poultry Market encompasses the production, processing, and distribution of poultry products, including chicken, turkey, duck, and other bird species. Poultry is one of the most widely consumed and accessible sources of animal protein globally. It serves as a staple food in various cuisines and is an essential component of diets in many cultures. Poultry products are available in various forms, including fresh, frozen, processed, and value-added items, catering to diverse consumer preferences.
The global Poultry Market has experienced steady growth over the years, driven by factors such as population growth, rising income levels, increased urbanization, and the versatility and affordability of poultry products.

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Top Key Players Covered in Global Poultry Market
Tyson Foods Inc. (US), JBS S.A. (Brazil), BRF S.A. (Brazil), Cargill Inc. (US), Wen's Food Group (China), New Hope Group (China), Pilgrim's Pride Corporation (US), Charoen Pokphand Foods PCL (Thailand), Perdue Farms Inc. (US), Sanderson Farms Inc. (US), Koch Foods (US), Industrias Bachoco S.A.B. de C.V. (Mexico), Marfrig Global Foods S.A. (Brazil), Guangdong Wens Foodstuff Group Co., Ltd. (China), LDC (Louis Dreyfus Company) (Netherlands), Foster Farms (US), Cremonini Group (Italy), MHP SE (Ukraine), Astral Foods Ltd. (South Africa), Maple Leaf Foods Inc. (Canada) and Other Major Players

Market Dynamics:
Driver:
Growing Global Population: As the global population continues to grow, the demand for food, including poultry products, rises correspondingly. Poultry serves as an essential source of protein for a large portion of the world's population, driving market demand. As economies develop and income levels rise, consumers have more purchasing power, leading to increased demand for higher-quality protein sources. Poultry, with its relatively lower cost compared to other meat types, becomes a popular choice for protein consumption.

Opportunities:
Specialty and Organic Poultry: The market presents opportunities for specialty and organic poultry products, catering to consumers seeking premium and ethically produced options. Offering antibiotic-free, organic, and free-range poultry can tap into the niche market of health and environmentally-conscious consumers. There is an opportunity for poultry producers to capitalize on the growing awareness of health and nutrition. Highlighting the nutritional benefits of poultry, such as being a lean source of protein and rich in essential vitamins and minerals, can attract health-conscious consumers. In conclusion, the Poultry Market is driven by population growth, rising income levels, and the convenience and affordability of poultry products. Companies operating in this market can capitalize on health and nutrition trends, offer specialty and organic poultry products, explore export opportunities, and develop value-added processed items to foster growth and success in the poultry industry.

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Segmentation Analysis Of The Global Poultry Market
Global Poultry Market Segments Cover The Type, Nature, Body Part, Distribution Channel, And End-Users. By Type, The Chicken Segment Is Anticipated To Dominate The Market Over The Forecast Period.Chicken production is highly efficient and cost-effective compared to other types of poultry. Chickens have a relatively short growth cycle and can convert feed into meat more efficiently than other poultry species.Versatility of chicken as a protein makes it a favored option for consumers and food establishments. With its mild flavor, it harmonizes well with diverse seasonings, sauces, and cooking techniques, allowing for a wide variety of dishes and cuisines. This adaptability contributes to its popularity.
Chicken's broad acceptance and consumption span across various cultures and regions worldwide. It's familiarity and widespread availability have established it as a preferred meat choice for diverse populations. This wide global acceptance has played a significant role in chicken's dominant position in the poultry market.
The chicken industry has developed a robust infrastructure and supply chains to satisfy the demand for chicken meat. It has also benefited from advancements in breeding techniques, nutrition, and production management practices, which have enhanced efficiency and productivity. These infrastructure and technological advancements have contributed to the industry's capacity to meet the increasing global demand for chicken.
By Type
• Chicken
• Turkey
• Duck
• Others

By End-use
• Commercial
• Household

By Nature
• Organic
• Seasoned
• Frozen
• Ready-To-Cook
• Ready-To-Eat

By Distribution Channel
• Hypermarket
• Supermarket
• Specialty Store
• Online

By Body Part Type
• Chest/Breast
• Thighs/Legs
• Drumsticks
• Wings
• Others

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Regional Analysis Of The Global Poultry Market
Asia Pacific is expected to dominate the market over the forecast period.
APAC has a rapidly growing population, which translates to a larger consumer base for poultry products. As incomes rise and dietary preferences evolve, the demand for poultry meat and eggs increases.As urbanization progresses and lifestyles change, there is a shift towards a more protein-rich diet. Poultry, being a relatively affordable and versatile source of protein, becomes increasingly favored over other meat options.
The busy lifestyles of urban dwellers in APAC contribute to the popularity of convenient, ready-to-eat poultry products. The demand for pre-cooked, marinated, and processed poultry items is on the rise.
Countries, such as China, Thailand, and Vietnam, are major exporters of poultry products. Their ability to meet international quality standards and competitive pricing has opened up significant export opportunities to other regions.
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

Key Industry Developments In the Global Poultry Market
In April 2023, Charoen Pokphand Foods Ltd. (CP Foods) announced the grand opening of its sustainable shrimp farm, Homegrown Shrimp USA, located in Indiantown, Florida. This marks a significant step for the Thai agriculture firm as it expands its presence in the developed market of the United States while maintaining a strong focus on sustainability.
In May 2023, as part of a commitment to help its food-insecure neighbors, Perdue Farms awarded a $10,000 grant to the Community Action of Skagit County in Mount Vernon, Wash., through the Franklin P. and Arthur W. Perdue Foundation. The donation from Perdue's charitable giving arm is part of the company's Delivering Hope to Our Neighbors® outreach to improve quality of life and build strong communities.

Table Of Content
Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Nature
 3.3 By End-Use
 3.4 By Body Part Type
 3.5 By Distribution Channel

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Poultry Market by Type
 5.1 Poultry Market Overview Snapshot and Growth Engine
 5.2 Poultry Market Overview
 5.3 Chicken
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2030F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Chicken: Geographic Segmentation
 5.4 Turkey
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2030F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Turkey: Geographic Segmentation
 5.5 Duck And Others
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2030F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Duck And Others: Geographic Segmentation

Chapter 6: Poultry Market by Nature
 6.1 Poultry Market Overview Snapshot and Growth Engine
 6.2 Poultry Market Overview
 6.3 Organic
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2030F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Organic: Geographic Segmentation
 6.4 Seasoned
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2030F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Seasoned: Geographic Segmentation
 6.5 Frozen
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2030F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Frozen: Geographic Segmentation
 6.6 Ready-To-Cook
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2016-2030F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Ready-To-Cook: Geographic Segmentation
 6.7 Ready-To-Eat
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size (2016-2030F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Ready-To-Eat: Geographic Segmentation
Continue.

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