Poultry Market Growth, Market Insights and Forecast to 2025
Posted by rekha on December 10th, 2019
“The Global Poultry Market was valued around US$ 282,452.3 Mn by 2018 and growing at a significant CAGR of 4.2% over next seven years 2019-2025 due to increasing production and consumption of poultry meat”
The global poultry market accounted for US$ 282,452.3 Mn in 2018 and burgeoning over the forthcoming years. Rising incomes together with changing food habits, growing fast-casual restaurants, increasing production and consumption of poultry meat, rising global population and growing purchasing power of people are some major factors influencing the market growth. In addition, factors such as rising penetration of online to offline food delivery channels and increasing adoption of integrated poultry grower system are the key trends which enhances the market growth.
Global poultry market segmented on the basis of species type, distribution channel and region.
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Turkey Dominate the Global Poultry Market
Based on species type, global poultry market segmented into turkey, geese, duck, chicken and others.Turkey held considerable market share during forecast period. Turkeys are social animals that are best kept in flocks with a mixture of males and females.All poultry, including turkeys develop their own personal space referred to as their flight zone. A flock of turkeys will have a collective flight zone depicted by their individual characteristics, breed, age, environment and previous handling experiences. Turkeys are generally used for showing and meat production with show birds usually being used for meat. They grows faster like broiler chickens and become suitable for slaughter purpose within a very short time. Turkey farming for meat production is very popular than egg production from turkey.
Asia Pacific Leads the Global Poultry market
PBI’s global Poultry market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis.Asia Pacific accounted for larger revenue share in global poultry market with considerable CAGR. Poultry plays a vital role in Asia-Pacific’s fastest growing agriculture sector to attain food security, higher incomes and farmer’s welfare.The region is observing substantial growth due to the urbanization and expansion of the middle-class population, rapid growth in population and increasing demand for animal food products. The Asian dairy and animal protein industry is often seen to add major value to the trend, showing a healthy market outlook for poultry products worldwide. China and Vietnam are expected to be the largest consumers of meat products such as pork.
Launch of newer products, frequent product approvals, patent filings, and strategic alliances are the key strategies adopted by market players
Global Poultry market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region.
Key player’s profiles in the report are 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 and Amrit Group.
Precision Business Insights (PBI) in its report titled “Global Poultry Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.
By Species Type
By Distribution Channel
o Online Channels
o Specialty Stores
o North America
o Latin America
o Middle East and Africa (MEA)
For More Information: https://www.precisionbusinessinsights.com/market-reports/global-poultry-market/
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About the Authorrekha
Joined: July 26th, 2019
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