Poultry Global Market Report 2024 - By Report, Share, Demand, Industry Scope, Forecast To 2033

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Poultry Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $494.55 billion In 2028 At A CAGR Of 6.4% :
The poultry market size has grown strongly in recent years. It will grow from $360.5 billion in 2023 to $385.37 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to strong economic growth in emerging markets, rise in consumption of meat, low interest rates, increased awareness about the health benefits, and rise in disposable income.

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, camera-based weighing systems, use of artificial intelligence, increasing investments and strategic partnerships and acquisitions.

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Poultry Market Major Segments
The poultry market covered in this report is segmented -
1) By Type: Chicken, Turkey, Ducks, Other Poultry
2) By Product Type: Fresh/Chilled, Frozen, Ready-To-Cook, Ready-To-Eat, Other Product Types
3) By Nature: Organic, Conventional
4) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Food Services, E-Commerce, Other Distribution Channels

Key Driver - Stable Economic Growth Fuels Expansion In The Poultry Manufacturing Industry
Poultry manufacturing growth is aided by stable economic growth forecasted in many developed and developing countries. According to the International Monetary Fund (IMF), global GDP growth reached 3.3% in 2020 and another 3.4% in 2021. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market's growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user poultry market, thereby driving poultry manufacturing during the forecast period.

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Prominent Trend - Optimizing Poultry Processing With 3D Imaging Technology For Enhanced Yield And Efficiency
Poultry processing companies are increasingly using 3D imaging systems to optimise yields. 3D imaging systems model the poultry bird using sensors and actuators to determine the position of the cut. The bird is put under the vision system, which takes the images and measurements, and the geometry is determined. Near-infrared sensors determine the amount of meat and bone present in the bird. Vision analysis enables the system to perform optimal cuts for each bird regardless of its size and shape. It is a data-driven process that maximises the yield and minimises the per unit cost for poultry meat processing. Major companies involved in pioneering this technology include Gainco, a meat and poultry equipment manufacturer, and Midwest Machine LLC.

Poultry Market Players
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, Marubeni.

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the poultry market in 2023. Western Europe was the second-largest region in the poultry market. The regions covered in the poultry market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Poultry Market Report Structure
3. Poultry Market Trends And Strategies
4. Poultry Market - Macro Economic Scenario
5. Poultry Market Size And Growth
…..
27. Poultry Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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