Poultry Market Share: SWOT Analysis, Competitors, and Growth Rate Till 2031 | Tyson Foods, Inc., JBS S.A., Pilgrim's Pride Corporation

The Global Poultry Market was valued at US$ 284.43 Bn in 2022, and is expected to exhibit a CAGR of 3.5%, in terms of revenue, over the forecast period (2023-2030), to reach US$ 375.41 Bn by 2030.
Market Overview:

Poultry refers to domesticated birds such as chickens, turkeys, ducks, and geese raised for meat and eggs. Poultry meat and eggs are widely consumed across the globe due to their high protein content and affordability.

Market Dynamics:

The global poultry market is expected to witness significant growth over the forecast period, driven by rising global meat consumption. Per capita meat consumption has increased from 83.8 pounds in 2013 to 92 pounds in 2023, especially in developing regions. Poultry is the most widely consumed meat globally, favored for its affordability compared to red meat. Turkey and chicken in particular offer lean protein and various micronutrients. Additionally, Asia Pacific accounts for over half of total global poultry production and consumption. China is the largest producer and consumer, while India is another major emerging market. Growing disposable incomes and expanding middle class population in developing countries will continue boosting poultry demand through 2031.

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Lower cost of feed is a major market driver for poultry market

One of the key drivers that is positively impacting the growth of the global poultry market is the lower cost of feed grains such as corn and soybean. These grains account for over 60-70% of the total cost of poultry farming. Any decline in the prices of these grains directly reduces the cost of poultry production. In the past few years, the prices of corn and soybean have declined substantially in major poultry producing countries like the US, Brazil and others due to ample production. This has significantly lowered the feed costs for poultry farmers and boosted their profit margins. The lower feed costs have encouraged more investments and expansion in the poultry sector. It has also made poultry meat more affordable for consumers thereby driving its demand.

Growing consumer preference for protein-rich food is fueling the poultry market growth

Another key driver for the poultry market is the rising global consumer demand for protein-rich food. Poultry meat is considered as one of the most affordable and healthy sources of protein. With growing health awareness, people are increasingly shifting from red meat to white meat like chicken and turkey which are low in fat and cholesterol. The demand is especially growing in developing countries where protein deficiency is high. Moreover, changing lifestyles, rising disposable incomes and growing urbanization are encouraging people to opt for convenient and easily cookable meat options like poultry. This change in dietary patterns and consumer food habits focused on health nutrition is a major growth propeller for the poultry industry.

Risk of disease outbreaks poses a key restraint on the poultry market

One of the major challenges and restraints faced by the global poultry industry is the risk of disease outbreaks. Poultry farming involves high density rearing of birds which increases the risk of spread of infectious diseases. Over the years, there have been numerous outbreaks of hazardous poultry diseases like avian influenza, Newcastle disease etc. in different parts of the world. Such outbreaks lead to large scale culling and destruction of poultry flocks in the affected areas. They significantly disrupt poultry supplies and exports, damage producer profitability through loss of birds and treatment costs, and negatively impact consumer demand due to health scares. Stringent trade restrictions imposed during disease outbreaks pose major restraints on the poultry industry. High costs of prevention, detection and eradication of diseases also add to the production expenses.

Growing demand for halal and organic poultry products presents lucrative opportunities

The rising global demand for halal and organic poultry meat is opening up big opportunities for players in the market. With increasing Muslim population worldwide, the demand for halal poultry meat certified under Islamic laws is seeing strong growth especially across Middle East, Asia Pacific and other regions with large Islamic population. Likewise, health-conscious consumers are fueling the demand for organic and antibiotic-free chicken and turkey produced through sustainable and humane farming practices. Catering to these niche yet high value segments through innovative products, certifications and sustained marketing campaigns present lucrative opportunities for poultry businesses to achieve premium price points and expand to new markets. Companies tapping into this organic and halal opportunity space can gain competitive advantage.

Adoption of advanced poultry farming technologies is a key trend in the industry

One of the major trends being witnessed across the poultry industry globally is increased adoption of advanced animal husbandry and farming technologies. Application of precision technologies like IoT sensors, automated feeding systems, ventilation controls etc. allow real-time monitoring of micro-environments and optimize bird health and resource utilization. Use of advanced genetic selection techniques are enabling development of disease resistant and more productive bird breeds. Likewise, precision nutrition management through customized diets tailored to bird lifecycle stage supports higher yields. Apart from quality and output improvements, technological innovations are also driving resource efficiency and sustainability within poultry operations. This trend reflects the industry's focus on strengthening competitiveness through innovation and driving further growth.

Worldwide major and leading players within the market are:

★ Tyson Foods Inc.
★ JBS S.A.
★ Pilgrim's Pride Corporation
★ Wens Foodstuff Group Co. Ltd.
★ BRF S.A.
★ Perdue Farms
★ Sanderson Farms
★ Baiada Poultry
★ Bates Turkey Farm
★ Amrit Group.

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Segmental Overview

Poultry Market segmentation offers an in-depth analysis of the various segments of the market, including application, type, end use, and region. The segmentation overview section offers crucial information about the market share, sales, and growth rate for each of the segments over the forecast period. Moreover, an examination of the relative multitude of significant sub-portions in the market has been canvassed in the report.Having a knowledge about the various segments and sub-segments helps businesses recognize the importance of factors that drive industry growth.

The titled segments and sub-section of the Poultry market are illuminated below:

Global Poultry Market, By Product Type:

★ By Species Type: Chicken, Duck, Turkey, Geese, Others
★ By Distribution Channel: Hypermarkets, Supermarkets, Online Channels, Speciality Stores, Others

Regional Analysis for Poultry Market:

📍 North America (United States, Canada, and Mexico)
📍 Europe (Germany, France, UK, Russia, and Italy)
📍 Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
📍 South America (Brazil, Argentina, Colombia, etc.)
📍 The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Key Highlights of the Report

Offers a comprehensive and holistic analysis of the Poultry Market.
Evaluates the competitive environments, covering partnerships, joint ventures, acquisitions, and organic growth.
Provides forecast information related to every region and sub-region of the Poultry market.
Includes information on the key opportunities and challenges faced by key industry players worldwide.
Covers the Poultry market's current and future market outlook on industry drivers, market restraints, and regional constraints.
The report answers a number of crucial questions, including:

➥ Which companies dominate the global Poultry market?
➥ What current trends will influence the Poultry market over the next few years?
➥ What are the market's opportunities, obstacles, and driving forces?
➥ What predictions for the future can help with strategic decision-making?
➥ What advantages does market research offer businesses?
➥ Which particular Poultry market segments should industry players focus on in order to take advantage of the most recent technical advancements?
➥ What is the anticipated growth rate for the market economy globally?

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