Press release
Poultry Market: Growth Prospects, Key Trends, and Market Projections for 2024-2029
Poultry Market Size
What Is The Projected Market Size Of The Global Poultry Market And Its Growth Rate?
•The global poultry market size was valued at $384.95 billion in 2024 and is expected to reach $410.98 billion in 2025, growing at a CAGR of 6.8%.
•The market growth can be attributed to strong economic development in emerging markets, increased meat consumption, low interest rates, improved awareness about health benefits, and rise in disposable income.
•The poultry market size is anticipated to continue its strong growth, projecting to reach $532.3 billion in 2029 at a CAGR of 6.7%.
•Trends contributing to this growth include increased consumption of protein, government support, rapid urbanization, and population increase. Advanced technology, organic poultry, camera-based weighing systems, use of artificial intelligence, and increased investments and strategic partnerships and acquisitions also play a significant role.
What Is Driving The Growth In The Poultry Market?
The growth of the poultry market is supported by stable economic growth projected in numerous developed and developing countries. For instance, the International Monetary Fund (US-based) has projected that the global economy will maintain a growth rate of 3.2% in 2024 and 2025, a pace similar to that of 2023. Recovering commodity prices, after a significant decline in the historical period, are expected to aid the market's growth. Developed economies are also slated for stable growth in the upcoming period. Emerging markets are expected to continue outpacing developed markets in terms of growth rate. Stable economic growth will likely result in increased investments in end-user markets in the poultry industry, thereby supporting the poultry manufacturing sector in the forecast period.
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Who Are the Key Players Driving Poultry Market Growth?
•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
•Vodnanská drubež, 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
What Are The Key Trends In The Poultry Market?
•Use of technology advancements for production efficiency
•Increasing preference for organic poultry
•Implementation of camera-based weighing systems
•Adoption of artificial intelligence for process optimization
•Increased investments in the sector
•Strategic partnerships and acquisitions for market expansion
What Are The Segments Of The Global Poultry Market?
•Chicken
•Turkey
•Ducks
•Other Poultry
•Fresh/Chilled
•Frozen
•Ready-To-Cook
•Ready-To-Eat
•Other Product Types
•Organic
•Conventional
•Supermarkets/Hypermarkets
•Convenience Stores
•Food Services
•E-Commerce
•Other Distribution Channels
Which Region Leads The Poultry Market?
Asia-Pacific was the largest region in the poultry market in 2024, closely followed by Western Europe. The report covers a range of regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Poultry Market Global Market Report?
- Market Size Analysis: Analyze the Poultry Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Poultry Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Poultry Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Poultry Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, new product launches in the market.
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