Poultry Market
Poultry are domesticated birds raised for meat, eggs, and feathers. Popular birds of poultry include chickens, turkeys, ducks, geese, guinea flow, and squabs. Global Poultry Market is expected to witness significant growth over the forecast period, owing to increasing population. For instance, according to the World Bank, global population is 7.902billion as of January 2023 and is projected to reach 9.802 billion by the end of 2050.
Poultry meat is the most preferred meat among beef, pork, and other red meat, and is comparatively less expensive. This is expected to boost growth of the Global Poultry Market over the forecast period. Furthermore, increasing income disposable income of the populace coupled with changing preferences among people is expected to increase demand for poultry items such as eggs and meat.
Market Dynamics
Based on distribution channel, in 2022 specialty stores accounted for the largest market share in terms of revenue and contributed for 36.7% in the global poultry market. Specialty stores offers specific products according to the type of store. People prefer buying poultry products through specialty stores as it is considered to offer fresh products. This is expected to increase demand for poultry from specialty stores over the forecast period.
Among regions, in 2022, Asia Pacific held dominant position in the Global Poultry Market and accounted for a revenue share of 38.40%. Asia Pacific holds a larger share of global population. For instance, according to the United Nations Population Fund (Asia and the Pacific), Asia Pacific region is home for 60% of the global population accounting for 4.3 billion people, where India and China are the most populous countries in the region. Therefore, increasing population in the region is expected to increase demand for poultry products, which is further expected to drive regional Global Poultry Market growth over the forecast period.
Key features of the study:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section.
Table of Contents
*Browse 24 market data tables and 17 figures on "Global Poultry Market - Global forecast to 2030”.
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