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Global Chicken Market Size by Production, Consumption Market & Volume, Import, Export and Company Analysis 2024-2032

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    Report

  • 360 Pages
  • June 2024
  • Region: Global
  • Renub Research
  • ID: 5740684
Global Chicken Meat Market size is expected to be almost US$ 253.25 Billion by 2032. The CAGR for the market from 2024 to 2032 is 5.84%. The publisher stated that it valued US$ 151.92 Billion in 2023.

Any domesticated bird raised for food is considered poultry. Varieties include game birds like pheasant, squab, and guinea fowl, as well as chicken, turkey, goose, duck, and Rock Cornish hens. Since the establishment of the contemporary chicken business a century ago, chicken has surpassed pork and beef in global popularity. Simple economics can help to explain some of the global transition from red to white meat. This is because raising chickens is significantly less expensive than raising pigs or cattle because they are more effective at converting feed into meat. People are turning to less expensive meats as a result of inflation and the stagnation of worldwide wages. Governments and consumers alike are considering environmental and health issues. Although raising chickens and fish is extremely harmful to the environment, the carbon footprint of these foods is significantly lower than that of red meat, and they are generally thought to be healthier than pork and beef.
  • In a report released by the Food and Agriculture Organization (FAO) of the United Nations and the Organization for Economic Co-operation and Development (OECD) estimated that by 2032, humankind would raise and slaughter approximately 85 billion chickens annually, a 15 percent increase from the current staggering 74 billion. In contrast, by 2032 there will be about 1.5 billion pigs and 365 million beef cattle reared for meat, respectively.

Global Chicken Meat Market Growth Opportunities

  • The global chicken meat industry is anticipated to develop due to an increase in production and consumption of chicken meat relative to other meats.
  • According to data projections released by the Food and Agriculture Organization (FAO) and the Organization for Economic Co-operation and Development (OECD), global production of poultry meat is expected to surpass 139 million metric tons (mt) in 2023, an increase of nearly 3% from 2022. This production of poultry meat continues to outpace that of other meat sources, including pig, beef, and sheep.
  • Growth in the poultry industry is supported by steady economic expansion, which is anticipated in many industrialized and emerging nations. Furthermore, in the upcoming years, it is anticipated that developing markets would continue to grow marginally faster than developed markets. Stable economic growth is anticipated to propel chicken meat manufacturing by increasing investment in the end-user chicken meat industry.
  • According to the Conference Board's global real GDP forecast, the world economy will expand by 3.1% in 2025 and by 3% this year.
  • In November 2023- Mitsui made an investment in an integrated production company in Egypt that included raising and breeding chickens, raising and processing broilers, producing processed food, and selling these goods.
  • Sales of poultry meat are rising as a result of rising foodservice establishment numbers and rising customer demand for restaurant fare. The sales correspond with rising tourism expenditures as well.

Asia-Pacific Chicken Meat Market

  • Over the past ten years, Asia's production and consumption of chicken meat have increased dramatically to meet rising regional and worldwide demand. According to the Food and Agriculture Organization of the United Nations, Asia accounted for 38% of the world's production of chicken meat in 2020.
  • Poultry is especially well-liked in quick-service restaurants, which are opening more of them. The majority of Chinese consumers get their meat from "wet" marketplaces, although more and more city dwellers are purchasing perishable goods from supermarkets. In the next ten years, the consumption of chicken per capita is expected to rise by 2.4% annually.
  • The costs of competitive meats and shifts in people's attitudes toward food and eating habits are the main variables influencing the demand for chicken, following population expansion and real income rises among the poorer sectors of communities. The dominant criteria favor chicken in both cases.
  • As per the IMF, the Asia-Pacific region would continue to be a major contributor to global growth in 2023. From 3.9 percent in 2022 to 4.6 percent in 2023, the region is predicted to grow.
  • Low- and middle-class consumers tend to purchase more food as their standards of living rise, and they also tend to eat a more diverse diet that includes consuming more meat.

Global Chicken Meat Industry News

The leading companies in the global chicken meat market include the Kraft Heinz Company, Tyson Foods, Inc., Pilgrim's Pride Corporation, Danish Crown Group, BRF S.A., WH Group, Hormel Foods Corporation, and Wens Foodstuff Group.
  • In February 2023 - A new agreement between Stampede Meat, Inc. and DL Lee & Sons, Inc. was announced. Stampede will be able to increase the southeast region of its production footprint thanks to this partnership.
  • In July 2023 - The US Department of Agriculture authorized the sale of "cultivated" or lab-grown meat to American consumers, opening up what food manufacturers describe as a new channel for the procurement and distribution of food. The go-ahead was granted to two businesses, Upside Foods and GOOD Meat, to start producing and marketing their "cultivated chicken" goods, which are made from animal cells that are grown in a lab rather than actually killing animals in order to produce meat.
  • In August 2023 - Paul, Weiss is working with Beijing-based DCP Capital in a consulting capacity to execute the capital equity firm’s acquisition of Cargill’s poultry operations in China.
  • In November 2023 - Tyson Foods declared that it would expand its facility in the Netherlands and construct additional production facilities in China and Thailand. The most recent additions increase the capacity to produce approximately 100,000 tonnes of fully cooked poultry. More than 700,000 jobs are anticipated to be created by the new plants in China and Thailand, respectively, while more than 150 positions will be added by the European expansion.
  • In March 2023 - In an effort to strengthen their B2B marketplace collaboration, Kraft Heinz Company and BEES have extended their cooperation. The company's goal is to open up one million additional points of sale throughout Latin America, with a particular focus on growing its presence in Mexico, Colombia, and Peru.

Production

1. United States
2. Brazil
3. China
4. European Union
5. Mexico
6. Thailand
7. United Kingdom
8. Japan
9. South Africa
10. Philippines
11. Canada
12. South Korea
13. Saudi Arabia
14. Iraq
15. Angola
16. Cuba
17. Others

Consumption

1. United States
2. China
3. Brazil
4. European Union
5. Mexico
6. Japan
7. United Kingdom
8. Thailand
9. Philippines
10. South Africa
11. Saudi Arabia
12. Canada
13. South Korea
14. Iraq
15. Cuba
16. Angola
17. Others

Export

1. Brazil
2. United States
3. European Union
4. Thailand
5. China
6. United Kingdom
7. Canada
8. South Korea
9. South Africa
10. Saudi Arabia
11. Others

Import

1. Japan
2. Mexico
3. United Kingdom
4. China
5. United Kingdom
6. Saudi Arabia
7. Iraq
8. Philippines
9. South Africa
10. Cuba
11. Others

All the Key players have been covered from 4 Viewpoints:

  • Overview
  • Recent Development
  • Financial Insight

Key Players Analysis

1. the Kraft Heinz Company
2. Tyson Foods, Inc.
3. Pilgrim's Pride Corporation
4. Danish Crown Group
5. BRF S.A.
6. WH Group
7. Hormel Foods Corporation
8. Wens Foodstuff Group

Table of Contents

1. Introduction2. Research Methodology3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Chicken Market6. Market Share - Global Chicken Analysis
7. Volume Share - Global Chicken Analysis
7.1 Consuming Countries
7.2 Producing Countries
7.3 Importing Countries
7.4 Exporting Countries
8. Consuming Countries - Global Chicken Market and Volume Analysis
8.1 United States
8.1.1 Market
8.1.2 Volume
8.2 China
8.2.1 Market
8.2.2 Volume
8.3 Brazil
8.3.1 Market
8.3.2 Volume
8.4 European Union
8.4.1 Market
8.4.2 Volume
8.5 Mexico
8.5.1 Market
8.5.2 Volume
8.6 Japan
8.6.1 Market
8.6.2 Volume
8.7 United Kingdom
8.7.1 Market
8.7.2 Volume
8.8 Thailand
8.8.1 Market
8.8.2 Volume
8.9 Philippines
8.9.1 Market
8.9.2 Volume
8.10 South Africa
8.10.1 Market
8.10.2 Volume
8.11 Saudi Arabia
8.11.1 Market
8.11.2 Volume
8.12 Canada
8.12.1 Market
8.12.2 Volume
8.13 South Korea
8.13.1 Market
8.13.2 Volume
8.14 Iraq
8.14.1 Market
8.14.2 Volume
8.15 Cuba
8.15.1 Market
8.15.2 Volume
8.16 Angola
8.16.1 Market
8.16.2 Volume
8.17 Others
8.17.1 Market
8.17.2 Volume
9. Producing Countries - Chicken Volume Analysis
9.1 United States
9.2 Brazil
9.3 China
9.4 European Union
9.5 Mexico
9.6 Thailand
9.7 United Kingdom
9.8 Japan
9.9 South Africa
9.10 Philippines
9.11 Canada
9.12 South Korea
9.13 Saudi Arabia
9.14 Iraq
9.15 Angola
9.16 Cuba
9.17 Others
10. Importing Countries - Chicken Volume Analysis
10.1 Japan
10.2 Mexico
10.3 United Kingdom
10.4 China
10.5 United Kingdom
10.6 Saudi Arabia
10.7 Iraq
10.8 Philippines
10.9 South Africa
10.10 Cuba
10.11 Others
11. Exporting Countries - Chicken Volume Analysis
11.1 Brazil
11.2 United States
11.3 European Union
11.4 Thailand
11.5 China
11.6 United Kingdom
11.7 Canada
11.8 South Korea
11.9 South Africa
11.10 Saudi Arabia
11.11 Others
12. Key Players Analysis
12.1 The Kraft Heinz Company
12.1.1 Overview
12.1.2 Key Personals
12.1.3 Recent Development
12.1.4 Financial Insight
12.2 Tyson Foods, Inc.
12.2.1 Overview
12.2.2 Key Personals
12.2.3 Recent Development
12.2.4 Financial Insight
12.3 Pilgrim's Pride Corporation
12.3.1 Overview
12.3.2 Key Personals
12.3.3 Recent Development
12.3.4 Financial Insight
12.4 Danish Crown Group
12.4.1 Overview
12.4.2 Key Personals
12.4.3 Recent Development
12.4.4 Financial Insight
12.5 BRF S.A
12.5.1 Overview
12.5.2 Key Personals
12.5.3 Recent Development
12.5.4 Financial Insight
12.6 WH Group
12.6.1 Overview
12.6.2 Key Personals
12.6.3 Recent Development
12.6.4 Financial Insight
12.7 Hormel Foods Corporation
12.7.1 Overview
12.7.2 Key Personals
12.7.3 Recent Development
12.7.4 Financial Insight
12.8 Wens Foodstuff Group
12.8.1 Overview
12.8.2 Key Personals
12.8.3 Recent Development
12.8.4 Financial Insight

Companies Mentioned

  • JBS S.A
  • Tyson Foods
  • Pilgrim's Pride Corporation
  • Danish Crown Group
  • Vion Food Group
  • WH Group
  • Hormel Foods Corporation
  • Muyuan Foods

Methodology

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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