Global Poultry Market Report and Forecast 2024-2032

Global Poultry Market Size

The global poultry market reached approximately USD 325.41 billion in 2023. The market is projected to grow at a CAGR of .40% between 2024 and 2032, reaching a value of around USD 401.97 billion by 2032.

Poultry Market Outlook

• As per the estimates by the Food and Agriculture Organisation (FAO) and Organisation for Economic Co-operation and Development (OECD), global poultry meat consumption is expected to reach around 91 million tons by 2032.

• According to the industry reports, China is the largest producer of chicken poultry in the world, followed by the United States.

• A report by Rabobank highlights South and Southeast Asia as the focal points of worldwide poultry sector expansion in the next decade.

Poultry Market Growth

Growing demand for protein-rich poultry products, expansion of the food retail sector, and introduction of organic poultry products are some of the crucial drivers anticipated to influence the market worldwide.

Several institutes are making significant strides in the promotion of boiler research.  For example, the University of Tennessee Institute of Agriculture (UTIA) announced a significant investment in a high-end poultry research and education facility at the Middle Tennessee AgResearch and Education Center in Spring Hill, the United States in May 2024. The facility will be comprised of four large-scale broiler production houses along with research and teaching labs.

Market players are increasing their developmental efforts to promote sustainability in poultry farming. For instance, Poulterra announced the launch of its Manure-as-a-Service ("MaaS") platform on May 14th, 2024, a strategy aimed at cutting down emissions in the poultry supply chain, as well as decreasing expenses, enhancing operational efficiency, and establishing higher standards for sustainable poultry farming.

Poultry Industry Segmentation

“Poultry Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Broiler 
  • Live Broiler 
  • Processed  
• Eggs 

Market Breakup by End Use

• Food Service

• Retail

Market Breakup by Distribution Channel

• Business to Business 

• Traditional Retail Stores

• Modern Retail Stores

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Poultry Market Share

Based on the region, the market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The APAC region occupies a substantial market share owing to its rising population, government subsidies and favourable initiatives, growing adoption of high-end farming techniques, and increased implementation of superior poultry disease management practices.

Leading Companies in the Poultry Market

The market players are introducing novel poultry farming technologies to meet the evolving regulatory landscape.

• Tyson Foods Inc.

• Industrias Bachoco, S.A.B. de C.V.

• Cargill Inc.

• JBS S.A.

• BRF S.A

• Charoen Pokphand Foods PCL 

• Grupo Nutresa S.A.

• New Hope Liuhe Co. Ltd.

• Quantum Foods Holdings Ltd.

• IB Group

• Others

Key Highlights of the Report