Global Poultry Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

The Global Poultry Market can be analyzed through segmentation by type and distribution channel, offering insights into the diverse dynamics shaping the industry. By type, the market encompasses a variety of poultry species including Chicken, Turkey, Duck, Geese, and others. Each type presents unique characteristics in terms of taste, texture, and nutritional profile, catering to diverse consumer preferences worldwide. Additionally, segmentation by distribution channel provides further clarity into how poultry products reach consumers. Distribution channels include hypermarkets, supermarkets, online channels, specialty stores, and others. Hypermarkets and supermarkets serve as primary retail outlets for a wide range of poultry products, offering convenience and variety to consumers. Online channels have witnessed significant growth, providing convenience and accessibility, especially in urban areas. Specialty stores cater to niche markets, offering premium and specialty poultry products, while other channels such as farmers' markets and direct-to-consumer sales play a role in localized distribution. Understanding these segmentation factors enables stakeholders in the poultry market to tailor their strategies, optimize distribution networks, and meet the diverse needs of consumers globally.

Global Poultry Segment Analysis

In this report, the Global Poultry Market has been segmented by Type, Distribution Channel, and Geography.

Global Poultry Market, Segmentation by Geography

In this report, the Global Poultry Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Global Poultry Market Share (%), by Geographical Region, 2023

In 2022, the Asia Pacific region emerged as the leading revenue contributor, capturing 38.40% of the Global Poultry Market share. Forecasts indicate that this region will continue to experience notable growth throughout the forecast period, driven by escalating poultry consumption rates observed in key countries such as China, India, Malaysia, and Australia. For instance, according to data from the Food & Agricultural Organization (FAO), Malaysia and Australia recorded per capita poultry consumption figures of 45.95 kg and 43.15 kg, respectively, in 2022. These consumption patterns are anticipated to fuel the demand for poultry products in the Asia Pacific region in the years ahead (2023-2030).

Additionally, significant growth is anticipated in the Middle East region during the forecast period. Reports from the USDA Foreign Agricultural Service project a surge in demand for poultry meat in the Middle East from 2023 to 2030. Moreover, insights from the U.S. Department of Agriculture (USDA) highlight the role of tourism in stimulating poultry demand, with high rates of incoming tourists projected to contribute to market growth. Notably, FAO data reveals that the average per capita consumption of poultry meat in the Middle East reached 38.6 kg in 2022, with Kuwait recording the highest per capita consumption at 45.8 kg.

In essence, these observations underscore the pivotal role of regional consumption trends in shaping the trajectory of the Global Poultry Market. The Asia Pacific region, with its burgeoning poultry consumption rates, stands poised for continued expansion, while the Middle East presents lucrative opportunities driven by both domestic demand and tourism-related factors. These insights are invaluable for stakeholders seeking to capitalize on emerging market dynamics and navigate the evolving landscape of the global poultry industry with strategic foresight.

This report provides an in depth analysis of various factors that impact the dynamics of Global Poultry Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.

Drivers, Restraints and Opportunity Analysis

Drivers

• Increase in Production and consumption

• Growing Focus on Health Consciousness- As individuals become increasingly aware of the importance of nutrition and its impact on overall health and well-being, there is a notable shift towards healthier dietary choices, with poultry emerging as a favored option. Poultry products, such as chicken and turkey, are perceived as lean sources of protein, low in saturated fats, and rich in essential nutrients such as vitamins and minerals. This nutritional profile aligns well with the dietary recommendations of health-conscious consumers, who prioritize foods that support weight management, heart health, and overall vitality.
  
  Moreover, poultry products are often perceived as a healthier alternative to red meats, which have been associated with various health concerns such as cardiovascular diseases and certain types of cancer. As a result, consumers seeking to reduce their intake of red meats may turn to poultry as a healthier protein option, further driving demand in the market. Additionally, advancements in poultry farming practices, such as antibiotic-free production, organic certification, and free-range or pasture-raised systems, resonate with health-conscious consumers seeking more natural and sustainable food options. These production methods not only address concerns about food safety and environmental sustainability but also enhance the perceived healthfulness of poultry products. Furthermore, the growing availability of value-added poultry products, such as pre-marinated, seasoned, or ready-to-eat options, caters to the convenience needs of health-conscious consumers with busy lifestyles. These products offer a convenient and nutritious meal solution without compromising on taste or quality, further fueling demand in the market.

Restraints

• Rising Input Costs

• Poultry Diseases- Outbreaks of diseases such as avian influenza, Newcastle disease, infectious bronchitis, and coccidiosis can lead to devastating consequences, including high mortality rates, reduced productivity, and trade restrictions. The impact of poultry diseases extends beyond individual farms to affect entire supply chains, as control measures, such as quarantine protocols and vaccination programs, may disrupt production schedules and increase operating costs for producers. Moreover, the emergence of antibiotic-resistant strains of pathogens further complicates disease management efforts and raises concerns about food safety and public health.
  
  Poultry producers must invest in robust biosecurity measures, disease surveillance systems, and veterinary interventions to mitigate the risks posed by poultry diseases. Additionally, ongoing research and development efforts are essential to develop new vaccines, treatments, and management strategies to safeguard poultry health and minimize the economic losses associated with disease outbreaks. Ultimately, addressing the challenge of poultry diseases requires a coordinated and proactive approach from all stakeholders in the poultry industry, including producers, veterinarians, regulators, and researchers, to ensure the long-term sustainability and resilience of the global poultry market.

Opportunities

• Technological Advancements in Production

• Focus on Food Safety and Quality Standards- In an increasingly health-conscious and discerning consumer landscape, adherence to rigorous food safety and quality standards is paramount for poultry producers and suppliers. By prioritizing food safety measures throughout the production, processing, and distribution stages, poultry industry stakeholders can mitigate the risk of foodborne illnesses, contamination, and product recalls, thereby safeguarding consumer health and well-being.
  
  Moreover, maintaining stringent quality standards ensures consistency, reliability, and transparency in poultry products, fostering consumer confidence and loyalty. Compliance with internationally recognized quality certifications, such as ISO, HACCP, and GMP, not only demonstrates a commitment to excellence but also opens doors to premium market segments and export opportunities. Poultry producers who invest in robust quality assurance programs and certifications can differentiate their products in the marketplace, command premium prices, and gain a competitive edge in an increasingly crowded market landscape. Furthermore, the emphasis on food safety and quality standards aligns with regulatory requirements and industry best practices, reducing legal and reputational risks for poultry businesses. By proactively addressing food safety concerns and implementing comprehensive quality control measures, poultry industry stakeholders can mitigate liabilities, avoid costly litigation, and uphold their brand reputation for reliability and trustworthiness.

Key players in Global Poultry Market include:

• Tyson Foods, Inc
• JBS S.A
• Pilgrim's Pride Corporation
• Wens Foodstuff Group Co. Ltd
• BRF S.A
• Perdue Farms
• Sanderson Farms
• Baiada Poultry
• Bates Turkey Farm
• Amrit Group

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis