Poultry (Broiler) - Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports

Poultry (Broiler) - Market Size
According to Our PET Supplies Research Center, the global pet industry reached $ 261 billion in 2022, a year-on-year increase of 11.3%.

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Poultry (Broiler) - Market
Poultry is referred as domestic birds, which are bred by the humans for their eggs, feathers and meat. On the basis of physical appearance and nutrition content, it can be classified into ducks, chicken, geese, turkey and quails. Broiler is a type of chicken, raised by the processors for meat production. They have a yellowish skin and white feathers with behavior and physiology resembling with that of an immature bird. It takes 14 weeks of oldness to reach slaughter weight (approximately 500 gms). They are typically raised as a mixed-sex flock in large sheds under intensive conditions. Broiler production process involves seven crucial stages including primary breeding sectors, broiler breeding farms, hatcheries, broiler farms, processing plants, feed mills and integrators.
The global Poultry (Broiler) market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Poultry (Broiler) in various end use industries. The expanding demands from the Hypermarkets/Supermarkets, Convenience Stores, Online Retail and Others, are propelling Poultry (Broiler) market. Fresh Broiler, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Frozen Broiler segment is estimated at % CAGR for the next seven-year period.
The United States gains the highest pet penetration rate and becomes the largest pet market. According to the American Pet Products Association (APPA), 66% of American households keep pets, and the total industry sales was about US$136.8 billion, an increase of 10.8% over 2021. According to IVH, the German pet products industry association, the number of pets in Germany reached 33.4 million in 2022, with a total turnover of nearly €6.5 billion. The 2023 China Pet Industry Trend Insight White Paper released by JD shows that the market size of the four major pet physical commodities is increasing year by year: pet supplies account for 45%, pet staple food accounts for nearly 35%, pet snacks account for 12%, and pet medicine and health care account for 603%.

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Segment by Type:
• Fresh Broiler
• Frozen Broiler

by Application
• Hypermarkets/Supermarkets
• Convenience Stores
• Online Retail
• Others

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