Store - Poultry

The poultry industry has been on the rise in recent years, with production increasing to meet global demand. In 2019, global production reached a record high of nearly 22 million metric tons. The United States is the largest producer of poultry, followed by China and Brazil. Poultry is a versatile and affordable protein source that can be used in a variety of cuisines. It is also relatively easy to produce on a large scale, making it an ideal option for meeting the growing demand for animal-based protein around the world. Looking ahead, the poultry industry is expected to continue to grow at a steady pace in the coming years. By 2030, global production is forecast to reach nearly 28 million metric tons.

Global Poultry Industry Overview

The global poultry industry is expected to reach a value of $265.8 billion by 2025, growing at a CAGR of 3.7% during the forecast period (2020-2025). The Asia-Pacific region is expected to be the largest market for poultry, accounting for 41.9% of the global market in 2020.

Rapid urbanization and changing consumer preferences are some of the key factors driving the growth of the poultry industry. Increasing disposable incomes and awareness about the health benefits associated with poultry consumption are also fuelling the market growth. However, concerns about bird flu outbreaks and animal welfare issues are some of the major challenges faced by the industry.

The broiler chicken segment is expected to be the fastest-growing type in the poultry industry, with a CAGR of 4.1% during the forecast period (2020-2025). Broiler chicken meat is a rich source of protein and essential nutrients, making it a popular choice among consumers around the world. The segment is also benefiting from increasing demand from emerging economies such as China and India.

The layer chicken segment accounted for 36.0% of the global poultry market in 2020 and is expected to remain dominant during the forecast period (2020-2025). Layer chickens are primarily used for egg production and their meat is considered to be of higher quality than that of broiler chickens. This has resulted in higher prices for layer chicken meat, making it a premium product in the market.

Poultry Industry by Region

The poultry industry is one of the largest industries in the world. It is divided into four main regions: North America, Europe, Asia-Pacific, and Latin America.

North America is the largest producer of poultry in the world, accounting for more than 40% of global production. The United States is the largest producer in the region, followed by Mexico and Canada. The European Union is the second-largest producer of poultry, accounting for over 25% of global production. Germany, France, and the United Kingdom are the largest producers in the region.

Asia-Pacific is the third-largest producer of poultry, accounting for over 20% of global production. China is by far the largest producer in the region, followed by India and Indonesia. Latin America is the fourth-largest producer of poultry, accounting for just over 10% of global production. Brazil is by far the largest producer in this region, followed by Mexico and Argentina.

The US Poultry Market

Currently, the US poultry market is worth an estimated $24 billion. The industry employs over 350,000 people across the country and is responsible for producing over 20% of the world’s chicken.

The US poultry industry has seen significant growth in recent years, due in part to increasing consumer demand for chicken. In particular, there has been a shift away from red meat and towards poultry as a healthier option. This trend is expected to continue in the coming years, with the US poultry market expected to reach $32 billion by 2025.

The largest producers of poultry in the US are Tyson Foods, Pilgrim’s Pride, and Sanderson Farms. These companies account for over 50% of all chicken production in the country. Other major players in the industry include Perdue Farms, Foster Farms, and Koch Foods.

The European Poultry Market

The poultry industry in Europe is one of the most important sectors of the agro-food industry, with a production value of more than EUR 40 billion in 2017. The EU is the world's largest producer and exporter of poultry products, accounting for more than 25% of global production and exports.

Poultry meat is the most widely consumed meat in the EU, with per capita consumption exceeding 80 kg in 2017. Chicken is by far the most popular poultry meat, accounting for almost 90% of total poultry meat consumption in the EU. Turkey meat is the second most consumed poultry meat, followed by duck and goose meat.

The EU poultry sector is highly fragmented, with many small and medium-sized enterprises (SMEs) operating in all Member States. The top five poultry-producing countries in the EU are Germany, France, Spain, Poland, and Italy. These five countries account for more than 70% of total EU poultry production.

The European Commission supports the development of the poultry sector through a number of measures, including financial support for research and innovation, promotion of best practices on animal welfare and food safety, and trade negotiations to open up new export markets.

The Asia-Pacific Poultry Market

The Asia-Pacific Poultry Market is forecast to grow at a CAGR of 5.4% during the period 2016-2022.

Poultry meat is the most popular form of meat in the Asia-Pacific region and is projected to remain so over the forecast period. The poultry industry has been growing rapidly in the region, owing to the growing population and changing lifestyles. The Asia-Pacific region is expected to witness the highest growth in poultry meat consumption, due to increasing disposable incomes and urbanization.

The Asia-Pacific poultry market is fragmented, with a large number of small-scale producers. The top five companies, which account for a significant share in the market, are Tyson Foods Inc., JBS SA, BRF SA, Pilgrim's Pride Corporation, and Perdue Farms Inc. These companies have a strong presence in Brazil, China, and the United States.

The MENA Poultry Market

The MENA poultry market is one of the largest in the world, with Egypt, Saudi Arabia, and Morocco being the top three markets. The region has a high demand for chicken and turkey, as well as eggs. The market is expected to grow at a CAGR of 5% from 2019 to 2024.

The top reasons for the growth of the poultry industry in MENA are the growing population and income levels, changing dietary habits, and the availability of feed. The growing population is leading to an increased demand for chicken and turkey, while the changing dietary habits are resulting in greater consumption of eggs. The availability of feed is also a key factor, as it is one of the main inputs in poultry production.

The major players in the MENA poultry industry are Almarai, Tyson Foods, Sadia SA, Conagra Brands, and Bravo Poultry. These companies have a strong presence in the region and are engaged in various activities to meet the growing demand for chicken and turkey.

The LATAM Poultry Market

The Latin American poultry market is one of the most important in the world. Brazil, Mexico and Argentina are the main producers and consumers of chicken meat in the region. The poultry industry in Latin America has been growing rapidly in recent years, driven by increasing demand from both domestic and international markets.

The Brazilian poultry industry is the largest in Latin America and one of the largest in the world. Brazil is the largest producer and exporter of chicken meat, accounting for more than 30% of global production. The Brazilian poultry industry is well-developed and efficient, with large-scale production facilities and modern technology.

The Mexican poultry industry is also large and well-developed, with many large-scale production facilities. Mexico is a major producer and exporter of chicken meat, accounting for around 15% of global production. The Mexican poultry industry has grown rapidly in recent years, driven by strong demand from both domestic and export markets.

The Argentine poultry industry is smaller than that of Brazil or Mexico, but it is still an important player in the Latin American market. Argentina produces around 10% of global chicken meat production and exports a significant portion of its output. The Argentine poultry industry has been growing rapidly in recent years, driven by strong domestic demand.

Poultry Industry by Company

The poultry industry is one of the most competitive industries in the world. The top companies in the industry are Tyson Foods, Pilgrim’s Pride, Sanderson Farms, Perdue Farms, and BRF. These companies have been able to maintain their position in the industry through efficient operations and economies of scale.

Tyson Foods is the largest poultry company in the world with a market share of 25%. The company has its operations spread across North America, Europe, and Asia. Tyson Foods has been able to achieve this position in the industry through continuous innovation and acquisitions. Some of the notable acquisitions made by Tyson Foods include Hillshire Brands, Pilgrims Pride, and Bartter Enterprises.

Pilgrim’s Pride is the second largest poultry company in the world with a market share of 22%. The company has its operations concentrated in North America. Pilgrim’s Pride has been growing at a rapid pace in recent years through aggressive expansion plans. Some of the notable acquisitions made by Pilgrim’s Pride includeWampler-Longacre, Gold Kist Inc., and Moyer Poultry Products.

Sanderson Farms is the third largest poultry company in the world with a market share of 9%. The company has its operations concentrated in North America. Sanderson Farms has been able to maintain its position in the industry through continuous innovation and expansion into new markets. Some of the notable expansion plans undertaken by Sanderson Farms include setting up operations in China and acquiring the latest technology for chicken processing.

Conclusion

The poultry industry is forecast to grow significantly in the next decade, driven by population growth and increased demand for chicken meat. The industry will need to invest in new technologies and infrastructure to meet this demand, which presents an opportunity for investors.

MENA - Prepared Skins of Birds - Market Analysis, Forecast, Size, Trends and Insights
$599
Mar 29, 2024
Eye 265

This report provides an in-depth analysis of the prepared birds skin market in MENA.

CIS - Prepared Skins of Birds - Market Analysis, Forecast, Size, Trends and Insights
$599
Mar 29, 2024
Eye 443

This report provides an in-depth analysis of the prepared birds skin market in CIS.

Asia - Prepared Skins of Birds - Market Analysis, Forecast, Size, Trends and Insights
$599
Mar 29, 2024
Eye 464

This report provides an in-depth analysis of the prepared birds skin market in Asia.

Western Africa - Prepared Skins of Birds - Market Analysis, Forecast, Size, Trends and Insights
$599
Mar 29, 2024
Eye 217

This report provides an in-depth analysis of the prepared birds skin market in Western Africa.

Asia-Pacific - Prepared Skins of Birds - Market Analysis, Forecast, Size, Trends and Insights
$599
Mar 29, 2024
Eye 418

This report provides an in-depth analysis of the prepared birds skin market in Asia-Pacific.

Benelux - Prepared Skins of Birds - Market Analysis, Forecast, Size, Trends and Insights
$599
Mar 29, 2024
Eye 180

This report provides an in-depth analysis of the prepared birds skin market in Benelux.

SADC - Prepared Skins of Birds - Market Analysis, Forecast, Size, Trends and Insights
$599
Mar 29, 2024
Eye 167

This report provides an in-depth analysis of the prepared birds skin market in SADC.

ECOWAS - Prepared Skins of Birds - Market Analysis, Forecast, Size, Trends and Insights
$599
Mar 29, 2024
Eye 199

This report provides an in-depth analysis of the prepared birds skin market in ECOWAS.

MERCOSUR - Prepared Skins of Birds - Market Analysis, Forecast, Size, Trends and Insights
$599
Mar 29, 2024
Eye 236

This report provides an in-depth analysis of the prepared birds skin market in MERCOSUR.

GCC - Prepared Skins of Birds - Market Analysis, Forecast, Size, Trends and Insights
$599
Mar 29, 2024
Eye 181

This report provides an in-depth analysis of the prepared birds skin market in GCC.