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Poultry Market Growth Accelerates: Strategic Forecast Predicts $532.3 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Poultry Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent years, the poultry market has seen significant growth. By 2025, it is forecasted to expand from its size of $384.95 billion in 2024 to $410.98 billion, growing at a compound annual growth rate (CAGR) of 6.8%. This growth over the historic period is due to several factors including robust economic development in emerging markets, increased meat consumption, beneficial low-interest rates, heightened public knowledge about health advantages, and a surge in disposable income.
Poultry Market Size Forecast: What's the Projected Valuation by 2029?
The size of the poultry market is anticipated to experience robust expansion in the upcoming years, growing to a valuation of $532.3 billion by 2029 with a CAGR of 6.7%. The projected growth during this period is due to a number of factors, such as increased demand for protein, supportive government policies, quick urbanization, and population growth. Significant developments forecasted for this period include advancements in technology, a rise in organic poultry farming, implementation of camera-aided weighing systems, the adoption of artificial intelligence, and enhanced investment and strategic mergers and acquisitions.
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What Are the Drivers Transforming the Poultry Market?
The progression of poultry production is bolstered by a steady economic growth outlook in numerous advanced and evolving nations. For example, projections from the International Monetary Fund, a financial organization based in the US, suggested in April 2024 that the world economy would sustain a 3.2% growth rate in 2024 and 2025, mirroring the trajectory observed in 2023. The rebound of commodity prices after a considerable dip in the historical phase is anticipated to further propel the growth of the market. Over the course of the forecast period, mature economies are predicted to experience steadfast growth. Besides, burgeoning markets are projected to outpace somewhat the growth rate of developed markets in the forecast timeline. Consequently, a solid economic progression is expected to elevate investments in the ultimate poultry market, thus catalyzing the development of poultry production during the foresight period.
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What Long-Term Trends Will Define the Future of the Poultry Market?
An increasing number of companies in the poultry processing industry are utilizing 3D imaging systems to maximize their yields. These advanced systems create a model of the poultry bird using sensors and actuators to ascertain the best location for cutting. The bird is placed under the imaging system which then takes images and measurements to determine the geometry of the bird. By using near-infrared sensors, the system can calculate the volume of meat and bone the bird contains. This vision analysis allows the system to make optimal cuts according to each bird's size and shape. This is a process informed by data, aiming to enhance yield and reduce the cost per unit for the processing of poultry meat. Prominent companies leading the way in this technology include Gainco, a manufacturer of meat and poultry equipment, and Midwest Machine LLC.
Which Segments in the Poultry Market Offer the Most Profit Potential?
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
Subsegments:
1) By Chicken: Broilers, Layers, Specialty Chicken Breeds
2) By Turkey: Commercial Turkeys, Heritage Turkeys
3) By Ducks: Meat Ducks, Egg-laying Ducks
4) By Other Poultry: Geese, Quail, Pigeons, Other Specialty Birds
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Which Firms Dominate the Poultry Market by Market Share and Revenue in 2025?
Major companies operating in the poultry market include 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.
Which Regions Offer the Highest Growth Potential in the Poultry Market?
Asia-Pacific was the largest region in the poultry market in 2024. 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
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