Poultry Market Size, Share, Growth, and Industry Analysis, By Type (Chicks and Eggs), By Application (Layers, Fattened, and Reproduction), and Regional Forecast to 2032

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POULTRY MARKET OVERVIEW

The global poultry market size was USD 399.74 billion in 2023 and is projected to touch USD 517.34 billion by 2030, exhibiting a CAGR of 4.1% during the forecast period.

Poultry refers to domesticated birds that are grown for their meat and eggs. Its farming is a major sector of the agricultural industry which is providing a steady delivery of protein-rich products to consumers. These products are also preferential for their perceived health benefits and lower fat content compared to other meats. It is accepted because of its affordability, versatility, and relatively low environmental effect compared to other meat sources.

The increasing demand for protein-packed food and growing consumer attentiveness regarding the health benefits of products. The inexpensive and resourcefulness of products is drawing the attention many end-users. The technological improvements in farming practices are offering a chance for the traders to expand their market reach.

GLOBAL CRISES IMPACTING POULTRY MARKET - COVID-19 IMPACT

"Poultry Industry Had a Negative Effect Due to supply chain disruption during COVID-19 Pandemic"

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic has moderately affected the market growth. The pandemic has caused impenetrability for the proper management of fowl farming. Poultry processing industries faced barriers because of shortage of labor and other resources for the proper management of production and distribution. The reduced availability of raw materials for producing processed products has an immense effect on the market. The shutdown of processing plants decreased the production and availability of domestic fowl and its products. The stringent set of laws from the government resulted in the shutdown of many food service sectors, such as restaurants and fast food centers, which declined demand. The interruption in the supply chain activities, distribution channels, and transportation limitations reduced economic activity. Health-conscious people increased their red-meat intake to provide the body with good protein and other nutrients to build their immunity. Frozen and ready-to-eat, and other convenient products were in high demand for their expediency. In addition, the increased use, accessibility and popularity of the e-commerce sector and the wide availability of raw, processed products in online sales platforms increased the market demand.

LATEST TREND

"Growing Interest in Processed Poultry Items to Drive Market Growth"

The market trend is growing convenience food items for instance ready-to-eat and ready-to-cook poultry are becoming popular is boosting market growth. Due to hectic schedules and a growing inclination for fast food, customers are favoring goods that save time without sacrificing flavor and quality. Innovation in processed products, such as healthier options with fewer additives and preservatives, is being encouraged by this trend. Furthermore, significant improvements in processing technology that increase productivity and decrease waste are being observed in the domestic fowl sector. Vacuum-sealing and modified environment packaging are two major innovative packaging techniques that enable goods to last longer on the shelf while maintaining freshness. Concerns from consumers about product traceability and food safety are also being addressed by these technologies.

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FLOUR MARKET SEGMENTATION

BY TYPE

Based on Type, the global market can be categorized into chicks and eggs

• Chicks: This market is where live young fowl are bought and sold for breeding purposes and to raise for meat production. It is typically sold as chicks or pullets, for individuals or farmers looking to raise and grow their own domestic fowl flock.

• Eggs: This market focuses on the buying and selling of fresh products for consumption or hatching. It primarily deals with the purchasing and selling of eggs produced by domesticated birds that are used for consumption play crucial roles in the industry and satisfying diverse demands related to meat and egg production.

BY APPLICATION

Based on application, the global market can be categorized into layers, fattened, and reproduction

• Layers: They are hens raised specifically for egg production and are a special breed of chicken that can be raised from the time they are one day old.

• Fattened: These birds are raised for meat consumption and it is the second largest application type in terms of the market share.

• Reproduction: This type of application in the market is focusing on breeding and selling domestic fowl for the purpose of producing offspring.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

DRIVING FACTORS

"Increase in Demand for Poultry Products to Boost the Market"

The growing aspect for the poultry market growth is the rising population which is consequently translating into a larger customer base for the products. People have the financial means to include meat in their diets with the expanding middle-class and increasing spending incomes. There is a rising awareness of the nutritional benefits related to meat eating. This coupled with increased consciousness about the significance of a balanced diet, has impelled the demand for products. The shifting dietary patterns and preferences contribute to a higher demand for chicken. The lifestyles happened to be more fast-paced that results in a greater inclination towards convenient and high-protein foods. The product is seen as a versatile, affordable, and readily available source of protein which is making it a preferred choice for many consumers, and consequently expanding the market growth.

"Rise in Adoption of Technology and Automation to Expand the Market"

The adoption of technology and automation is a significant growing aspect in the fowl sector; revolutionizing the way domestic fowl farming and operations are conducted. Farms are implementing higher farm management systems by utilizing technology to streamline operations. These advanced techniques include automated feeding, climate control, and data monitoring tools. Technology is being employed to monitor and detect diseases in domestic fowl farms. Systems equipped with sensors and cameras can incessantly monitor bird behavior, feed intake, water use, and other vital signs to identify any abnormal patterns and signs. It is allowing prompt intervention and preventing the spread of diseases. Furthermore, egg collection and processing have become more automated which is reducing labor requirements and improving efficiency. Furthermore, the increasing recognition of precision farming techniques is further boosting market growth.

RESTRAINING FACTOR

"Variable Feed Prices and Challenges in Sustainability and the Environment to Potentially Impede Market Growth"

The limiting factor for the market growth is the environmental issues such as deforestation, water use, and greenhouse gas emissions are exacerbated by poultry rising. The farmers face difficulties in striking a balance between environmental responsibility and production as a result of mounting pressures from customers, authorities, and environmental organizations to implement more sustainable techniques. Furthermore, a large amount of the expense associated with raising chicken are related to feed, profitability can be significantly impacted by changes in the cost of the raw ingredients used to make fowl feed, such as corn and soybeans, producers may face pressure to preserve margins while maintaining competitive consumer prices due to rising feed costs brought on by factors such as climate change and interruption in global trade.

OPPORTUNITY

"Revolution of E-Commerce Platforms Options to Create Opportunity for the Product in the Market"

E-commerce platforms are very helpful in increasing the business and sales of each and every market. The online websites increase the ease of the customers in buying the products. Many companies have launched apps, and websites that help customers select the type and quantity of meat needed and they can be delivered to the doorstep of the customers. As a result, many people prefer to use these e-commerce platforms to buy the required meat. Additionally, urbanization has changed the lifestyle of people. People are not finding the time to prepare their meal beforehand because of increased workload. All of this augmented the dependency of people on expediency food items. These food products are prepared in a way that makes it very convenient for the consumers to cook and directly eat. The busy lifestyle of people, many of them are trying to find a quick and easy meal solution is fueling market growth.

CHALLENGE

"Increasing Vegan Population Could Be a Potential Challenge for Market"

The growing health and environmental concerns impel the vegan population intensification. Most people are now increasing their acquaintance regarding the negative effect of animal-based diet patterns on the environment. Pullet rearing and meat production result in the emission of greenhouse gasses. Increasing chicken health problems such as avian flu can also threaten human health. Increased consumer consciousness about the benefit of the plant-based diet over animal based diet can impede the market growth. Health-conscious consumers choose plant-based protein rather than animal-based because of their lower calories, fats and cholesterol amounts. The rising prevalence of lifestyle disorders drives veganism and hinders the market growth.

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POULTRY MARKET REGIONAL INSIGHTS

NORTH AMERICA

North America is steadily growing and increasing poultry market share owing to the region’s robust chicken output and rising demand for protein is a result of consumers’ increased choice for this inexpensive, high-protein food source. Technological developments in feed formulation, such as the use of probiotics and enzymes are increasing product quality. This also increases nutritional efficiency and reduces environmental shock. Furthermore, growing antibiotic-free and organic feed adoption stands to bond well with end user tastes toward sustainable and health-conscious farm practices. The United States poultry market has propelled due to growing consumer demand for products and improvements in feed formulation are driving demand in the market. This country also emerges as one of the prominent feed exporting countries worldwide, where several shipments go to other countries, government policies on sustainable farming practices and reduced feed cost as also increasing the market growth.

EUROPE

Europe is a significant region and holds considerable market share due to increased production of poultry and exportation activities. The firm marketing and quality standards are making the market more aggressive because of the uniformity of products in the region is propelling the market growth. The policies offer income support to the farmers, which further increases feed demand. This leads to increased continuity of sustainability emphasis and higher-quality product enhancing market growth, thus positioning it as a major global participant. This region exports less valuable products but imports the high value ones such as breast meat.

ASIA

Asia Pacific is the most significant global market shareholder and is expanding substantially. The region holds a prominent position in farming due to its significant consumption and production of fowl products. China, India, Japan, and Australia are prominent countries and are contributing to the market expansion. The growing urbanization as well as rising disposable income are the primary factors for driving the market of domestic fowl feed. Furthermore, the high economic expansion in Asia-Pacific and MEA countries has increased meat production and consumption in these regions, which is propelling the market growth.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Diversifying Product Portfolio and Market Strategies"

The market is experiencing steady growth due to the adoption of various strategies and initiatives by key players to maintain their market position to meet evolving consumer demands and capitalize on emerging chances. The market is also witnessing a rise in the adoption of sustainability in marketing and brand-building activities, and increased collaborations and partnerships with retailers, food services providers, and e-commerce platforms to impel healthy rivalry within the domain. Many recognized traders are expanding their production capacities and increasing their product portfolios to fulfill a wider range of customer inclinations. These players are profoundly empowering in technology and automation to improve efficiency, productivity, and animal welfare.

LIST OF TOP POULTRY COMPANIES

• Tyson Foods (U.S.)
• CP Group (Thailand)
• Wens Foodstuff Group (China)
• Sanderson Farms (U.S.)
• Industrias Bachoco (Mexico)
• Koch Foods (U.S.)
• BRF (Brazil)
• New Hope Liuhe (China)
• Perdue Farms (U.S.)
• Cargill (U.S.)
• Hormel Foods (U.S.)
• PHW (Germany)
• Cal-Maine Foods (U.S.)
• OSI Group (U.S.)
• Rose Acre Farms (U.S.)
• Hendrix Genetics (Netherlands)
• Grimaud (France)
• Nutreco (Netherlands)

KEY INDUSTRY DEVELOPMENT

November 2024: ForFarmers and team agrar agreed to form a 50/50 joint venture for Germany by merging feed activities. Under this name, the collaboration will provide both increased market coverage and profit by sharing competencies and resources.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The poultry market is poised for a continued boom pushed by the expanding middle class and inflating disposable incomes and the increasing popularity of precision farming techniques in further supporting market growth. Despite challenges, which include the rising prevalence of lifestyle disorders drives veganism and variable feed prices and challenges in sustainability and the environment. Key industry participants are increasing their production capacities and expanding their product varieties to meet a wider range of consumer preferences. They are heavily spending on technology and automation to improve competence, efficiency, and animal wellbeing. E-commerce platforms are very helpful in increasing the business and sales of each and every market and urbanization has changed the lifestyle of people.