The global market for Poultry Chicken is estimated at 103.5 Thousand Metric Tons in 2023 and is projected to reach 125.9 Thousand Metric Tons by 2030, growing at a CAGR of 2.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the poultry chicken market is driven by several factors, reflecting technological advancements, consumer behavior, and industry dynamics. Increasing global population and rising disposable incomes, especially in developing countries, are major drivers of demand for poultry chicken as an affordable and accessible source of protein. Technological innovations in breeding, feed formulation, and farm management are enhancing production efficiency and reducing costs, making chicken meat more competitive in the market. The shift towards health-conscious eating habits is boosting demand for lean meats like chicken, perceived as a healthier alternative to red meats.
Additionally, the trend towards convenience foods is propelling the market for processed and ready-to-eat chicken products, catering to busy lifestyles. The growing awareness and preference for sustainably and ethically produced food are also driving demand for organic and free-range chicken, offering new market opportunities for producers. Furthermore, the expansion of global trade in poultry products is facilitating access to new markets, supporting the growth of the industry on an international scale. These drivers collectively underscore the dynamic and evolving nature of the poultry chicken market, highlighting its critical role in meeting the nutritional needs of a growing global population.
The growth in the poultry chicken market is driven by several factors, reflecting technological advancements, consumer behavior, and industry dynamics. Increasing global population and rising disposable incomes, especially in developing countries, are major drivers of demand for poultry chicken as an affordable and accessible source of protein. Technological innovations in breeding, feed formulation, and farm management are enhancing production efficiency and reducing costs, making chicken meat more competitive in the market. The shift towards health-conscious eating habits is boosting demand for lean meats like chicken, perceived as a healthier alternative to red meats.
Additionally, the trend towards convenience foods is propelling the market for processed and ready-to-eat chicken products, catering to busy lifestyles. The growing awareness and preference for sustainably and ethically produced food are also driving demand for organic and free-range chicken, offering new market opportunities for producers. Furthermore, the expansion of global trade in poultry products is facilitating access to new markets, supporting the growth of the industry on an international scale. These drivers collectively underscore the dynamic and evolving nature of the poultry chicken market, highlighting its critical role in meeting the nutritional needs of a growing global population.
Regional Analysis
Gain insights into the U.S. market, estimated at 28.1 Thousand Metric Tons in 2023, and China, forecasted to grow at an impressive 4.7% CAGR to reach 24.5 Thousand Metric Tons by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Poultry Chicken Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Poultry Chicken Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Poultry Chicken Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Cargill, Inc., Charoen Pokphand Foods PCL, Godrej Agrovet Ltd., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 283 Featured):
- Cargill, Inc.
- Charoen Pokphand Foods PCL
- Godrej Agrovet Ltd.
- Hormel Foods Corporation
- Kerry Group PLC
- Land O'Lakes, Inc.
- Maple Leaf Foods, Inc.
- McDonald's Corporation
- Michael Foods, Inc.
- Tyson Foods, Inc.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA
Companies Mentioned
- Cargill, Inc.
- Charoen Pokphand Foods PCL
- Godrej Agrovet Ltd.
- Hormel Foods Corporation
- Kerry Group PLC
- Land O'Lakes, Inc.
- Maple Leaf Foods, Inc.
- McDonald's Corporation
- Michael Foods, Inc.
- Tyson Foods, Inc.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 408 |
Published | November 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value in 2023 | 103.5 Thousand Metric Tons |
Forecasted Market Value by 2030 | 125.9 Thousand Metric Tons |
Compound Annual Growth Rate | 2.8% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |