Quick Summary:
In the rapidly evolving and highly competitive global poultry industry, gaining a clear understanding of market dynamics is crucial for strategic planning and decision-making. Our comprehensive poultry research report provides indispensable insights, offering you an exhaustive analysis of the current state and future trajectory of this industry, focusing on all key aspects including major types of poultry, potential market opportunities, and the impact of major global disruptions.
Our report not only provides detailed poultry industry statistics and crucial global market data, but also identifies key trends and competitive dynamics, offering strategic insights into market drivers, restraints, challenges, and growth opportunities. This is crucial for making well-informed strategic decisions and staying ahead in the market. Arming your business with this knowledge can ensure you make strategic moves that capitalize on market trends effectively and efficiently, helping you maintain your edge in a fiercely competitive landscape.
This report is a must-have resource for gaining a comprehensive understanding of the poultry meat market, staying updated with emerging trends, and identifying potential growth opportunities. Let our experts guide you towards success in the dynamic global poultry market.
The main types of poultry are chicken, turkey, ducks, and other poultry. 'Duck' is the common term for a variety of waterfowl species belonging to the Anatidae family. Ducks are smaller and have shorter necks than swans and geese, which belong to the same family. The different types of products include seasoned, frozen, ready-to-cook, ready-to-eat, other distribution channels, and have various natures such as organic, conventional. It is distributed through various channels such as supermarkets and hypermarkets, convenience stores, e-commerce, and other distribution channels.
The global poultry market grew from $352.02 billion in 2022 to $378.84 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The poultry market is expected to grow to $487.39 billion in 2027 at a CAGR of 6.5%.
The poultry research report is one of a series of new reports that provides poultry statistics, including poultry industry global market size, regional shares, competitors with poultry shares, detailed poultry segments, market trends and opportunities, and any further data you may need to thrive in the poultry industry. This poultry research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the poultry manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Food and beverage manufacturers depend on the supply of raw materials from domestic and international suppliers. As many governments restricted the movement of goods across countries and locally, manufacturers had to halt production due to a lack of raw materials. Also, restrictions on the trade of non-essential goods and fear of contamination through manufacturing facilities contributed to the decline. The outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the poultry manufacturing market will recover from the shock over the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy.
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.
Asia-Pacific was the largest region in the poultry market in 2022. Western Europe was the second-largest region in the poultry market. The regions covered in the poultry market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the poultry market are Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam.
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.
The poultry market consists of sales of frozen chicken meat, fresh/ chilled chicken meat, canned chicken meat, frozen turkey meat, fresh/ chilled turkey meat, canned turkey meat, frozen duck meat, fresh/ chilled duck meat, canned duck meat, frozen rabbit meat, fresh/ chilled rabbit meat, canned rabbit meat, and other poultry meat. The companies in the industry package and distribute their products through various distribution channels to both individual customers and commercial establishments. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Major companies in the poultry market include JBS S.A., Tyson Foods Inc., Pilgrim's Pride Corporation, Hormel Foods Corp, Sanderson Farms Inc., New Hope Liuhe Co. Ltd., BRF S.A., Maruha Nichiro Corporation, Marubeni, and Bell AG.
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Report Attribute | Details |
---|---|
No. of Pages | 300 |
Published | April 2023 |
Forecast Period | 2023 - 2027 |
Estimated Market Value ( USD | $ 378.84 billion |
Forecasted Market Value ( USD | $ 487.39 billion |
Compound Annual Growth Rate | 6.5% |
Regions Covered | Global |
Table of Contents
Executive Summary
Poultry Global Market Report 2023 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on poultry market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:
Where is the largest and fastest growing market for poultry? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The poultry market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
Markets Covered:
1) By Type: Chicken; Turkey; Ducks; Other Poultry2) By Distribution Channel: Supermarkets/Hypermarkets; Convenience Stores; E-Commerce; Other Distribution Channels
3) By Product Type: Seasoned; Frozen; Ready-to-Cook; Ready-to-Eat; Other Product Types
4) By Nature: Organic; Conventional
Companies Mentioned: JBS S.A.; Tyson Foods Inc; Pilgrim's Pride Corporation; Hormel Foods Corp; Sanderson Farms Inc
Countries: Australia, China, Bangladesh, India, Indonesia, Japan, South Korea, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, USA, Canada, Mexico, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
A selection of companies mentioned in this report includes:
- JBS S.A.
- Tyson Foods Inc
- Pilgrim's Pride Corporation
- Hormel Foods Corp
- Sanderson Farms Inc
- New Hope Liuhe Co. Ltd.
- BRF S.A.
- Maruha Nichiro Corporation
- Marubeni
- Bell AG.
Methodology
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