Global Poultry Meat Market Size to Exceed USD 411.8 Billion by 2033 | CAGR of 1.30%

Global Poultry Meat Market Size to Exceed USD 411.8 Billion by 2033

According to a research report published by Spherical Insights & Consulting, the Global Poultry Meat Market is Expected to Grow from USD 361.9 Billion in 2023 to USD 411.8 Billion by 2033, at a CAGR of 1.30% during the forecast period 2023-2033.

Browse key industry insights spread across 255 pages with 115 Market data tables and figures & charts from the report on the "Global Poultry Meat Market Size, Share, and COVID-19 Impact Analysis, By Meat Type (Chicken, Turkey, Duck, Goose), By processing type (Whole Birds, Cut-up Parts, Marinated, Breaded), By Distribution Channel (Supermarkets and Hypermarkets, Independent Retailers, Butchers, Online Retailers), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/poultry-meat-market         

The poultry meat market is the industry dealing with the production, processing, distribution, and consumption of meat from domesticated birds, like chickens, turkeys, ducks, and other poultry birds. The market involves a vast array of products, ranging from fresh, frozen, processed, and ready-to-eat poultry products, serving both domestic and global consumers. Moreover, poultry meat is an affordable source of protein compared to other meats such as beef and pork, which makes it a favorite among consumers looking for cheap and healthy foods. Poultry meat is also a healthier and leaner version of red meat. It has a lower fat content and a greater protein value that appeals to the increasing consumer preference for healthy consumption. Advances in poultry production techniques, including automation and improved feed, have enhanced production efficiency. This reduces costs and makes poultry available to a larger market. However, the price of feed, which forms the bulk of poultry production costs, is susceptible to variations depending on weather patterns, crop production, and international commodity prices. This can result in higher production costs and influence the general price of poultry products.

The chicken segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.

Based on the meat type, the poultry meat market is divided into chicken, turkey, duck, and goose. Among these, the chicken segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growth is attributed to chicken often being regarded as a healthier alternative to red meats because it is lower in calories and fat. This fits into increasing consumer pressure for healthier, leaner protein, especially from health-conscious consumers.

The whole birds segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.

Based on the processing type, the poultry meat market is divided into whole birds, cut-up parts, marinated, and breaded. Among these, the whole birds segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The segmental growth is due to whole birds being sold in a fresh state, and many customers want fresh poultry compared to processed or pre-cut form. Whole birds provide customers with the option of preparing their poultry in whatever way they desire.

The supermarkets and hypermarkets segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the distribution channel, the poultry meat market is divided into supermarkets and hypermarkets, independent retailers, butchers, and online retailers. Among these, the supermarkets and hypermarkets segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The growth is driven by such retail stores offering a wide range of poultry products that meet the different needs of customers. From whole birds to chicken cut, or marinated or breaded products, supermarket chains and hypermarkets offer an inclusive range that fits various needs and tastes.

Asia Pacific is expected to hold the majority share of the global poultry meat market during the forecast period.

Asia Pacific is expected to hold the majority share of the global poultry meat market during the forecast period. Chicken meat is cheaper compared to other sources of animal protein, like pork and beef. This is what makes it an appealing option among consumers in the Asia-Pacific market, whose economies are disparate, and a great number of people are looking for cheap sources of protein. Chicken is regarded as an affordable source of protein capable of nourishing large populations at relatively affordable costs.

North America is anticipated to grow at the fastest pace in the global poultry meat market during the forecast period. There has also been increased consumption of healthier dietary habits in North America. Meat from poultry is usually regarded as a healthy choice over red meat such as beef or pork since it has fewer calories and less fat. Since consumers become increasingly health-oriented, they continue to opt for poultry, fueling its growth in the market.

Major vendors in the global poultry meat market are BRF, Pilgrim's Pride, Perdue Farms, Sanderson Farms, Keystone Foods, JBS, OSI Group, Tyson Foods, Foster Farms, Hormel Foods, Cargill, and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development 

• In November 2024, Allana Group initiated the Indian Poultry Alliance (IPA), a major effort to unite the stakeholders in the poultry industry. The alliance is designed to make the Indian poultry industry more efficient, sustainable, and growing through collaboration and innovation. The initiative marks a strategic step towards tackling issues in the industry and overall market conditions.

Market Segment

• This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the poultry meat market based on the below-mentioned segments:

Global Poultry Meat Market, By Meat Type

• Chicken
• Turkey
• Duck
• Goose

Global Poultry Meat Market, By Processing Type

• Whole Birds
• Cut-up Parts
• Marinated
• Breaded

Global Poultry Meat Market, By Distribution Channel

• Supermarkets and Hypermarkets
• Independent Retailers
• Butchers
• Online Retailers

 Global Poultry Meat Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

CONTACT US:

For More Information on Your Target Market, Please Contact Us Below:    

Phone: +1 303 800 4326 (the U.S.)

Phone: +91 90289 24100 (APAC)

Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com

Contact Us: https://www.sphericalinsights.com/contact-us

Follow Us: LinkedIn | Facebook | Twitter