Global Poultry Market to Surpass US $422.97 billion in 2025

 

The poultry market is made up of entities (organizations, sole traders, and partnerships) that sell poultry and prepare processed poultry and meat byproducts. Chickens, ducks, geese, rabbits, small game, and turkeys are examples of poultry. In most countries, poultry processing is fully or semi-automated.

India is now one of the world's leading producers of eggs and broiler meat. During the last two decades, the poultry industry in India has undergone a significant structural and operational shift, evolving from a backyard activity to a major industry with a large number of integrated players.

In 2020, the Indian poultry market (broilers and eggs) was valued at INR 1,988 billion. According to IMARC Group, the market will grow at a CAGR of 15.2 percent between 2021 and 2026. Keeping the uncertainties of COVID-19 in mind, we are constantly tracking and evaluating the pandemic's direct and indirect impact.

The global poultry market is expected to grow at a compound annual growth rate (CAGR) of 3.8 percent from $310.7 billion in 2020 to $322.55 billion in 2021. The increase is primarily due to companies reorganizing their operations and recovering from the COVID-19 impact, which had previously resulted in restrictive containment measures such as social distancing, remote working, and the closure of commercial activities, resulting in operational challenges. At a CAGR of 7%, the market is expected to reach $422.97 billion in 2025. Companies in the industry package and distribute their products to both individual customers and commercial establishments via various distribution channels. The poultry market is divided into four categories: chicken, turkey, ducks, and other poultry.

Asia Pacific was the largest region in the global poultry market in 2020, accounting for 32% of the market. Western Europe was the second most important region, accounting for 28% of the global poultry market. Africa was the world's smallest poultry market region.

To optimize yields, poultry processing companies are increasingly turning to 3D imaging systems. To determine the position of the cut, 3D imaging systems model the poultry bird using sensors and actuators. The bird is placed under the vision system, which captures images and measurements and determines geometry. The amount of meat and bone in the bird is determined by near-infrared sensors.

The system can perform optimal cuts for each bird based on vision analysis, regardless of size or shape. It is a data-driven process for processing poultry meat that maximizes yield while minimizing per unit cost. Gain, a meat and poultry equipment manufacturer, and Midwest Machine LLC were among the early adopters of this technology.

Developed economies are also expected to grow steadily over the forecast period. Furthermore, emerging markets are expected to grow slightly faster than developed markets during the forecast period. Stable economic growth is expected to boost investments in the end-user poultry market, driving poultry manufacturing during the forecast period.