DUBLIN--(BUSINESS WIRE)--The "Global Chicken Market, Size, Forecast 2023-2028, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis" report has been added to ResearchAndMarkets.com's offering.
Global Chicken Market is expected to be US$ 429.11 Billion by 2028, from US$ 312.11 Billion in 2022. according to the publisher. The global chicken meat market has expanded rapidly, notably in the last 30 years.
Companies Covered
- Tyson Foods, Inc.
- JBS S.A.
- Pilgrim's Pride Corporation
- Danish Crown Group
- Vion Food Group
- W.H. Group
- Hormel Foods Corporation
- Muyuan Foods
This expansion has been accompanied by significant modernization and automation, as well as the genetic creation of animal kinds that allow for higher productivity.
Although meat consumption has risen in absolute and per capita terms, the production of chicken meat has been the most effective in standardizing processes, boosting yields, and achieving considerable cost and price reductions. Chicken meat is critical since it is one of the key protein sources for people in many nations.
Furthermore, animal-derived dietary items have a PDCAAS (protein digestibility corrected amino acid score) of one or slightly less than one. Chicken is the most affordable and easily digestible lean protein choice; also, chicken protein provides all nine necessary amino acids.
As a result, rising consumer preference for protein-rich foods is driving raw chicken meat market growth. According to our projections, its output will continue to increase both locally and globally. The primary driving market expansion are increasing fast urbanization, disposable income, and changing lifestyles.
Global Chicken Industry is expected to grow with a CAGR of nearly 5.45% from 2022 to 2028
The growth in worldwide chicken meat volume over the last five years has been primarily driven by more efficient poultry meat volume as the poultry industry has continued to expand and industrialize in many regions of the world.
However, in high-income nations, where per capita consumption is already high, demand is expected to level off or trend lower, owing to ageing populations and increased dietary concerns that seek greater variety in protein sources. In lower-income countries, both population and income growth will drive overall consumption, albeit from a considerably lower per capita starting point.
The Rise in Poultry Meat Consumption
Chicken is one of the world's most popular foods. The United States is the country with the highest consumption of chicken. However, consumption of chicken meat has increased in almost all nations and regions, with customers drawn to reduced pricing, product consistency and flexibility, and greater protein/lower fat ratio.
As a result, worldwide consumption of chicken meat is expected to rise throughout the projection period, reflecting the important role it plays in the national diets of numerous populous emerging countries, including China, Indonesia, India, Malaysia, Pakistan, Peru, the Philippines, and Vietnam.
Poultry will Lead Global Meat Production over the Next Decade
There are several production tiers in the worldwide chicken meat business, including feed mills, hatcheries, expanding farms, and processing factories. The United States of America is the world's top producer of chicken meat, followed by Brazil, the European Union, and China.
The increased use of technology has helped to increased production, which has resulted in a decrease in relative pricing when compared to beef and hog meat.
Nowadays, people are searching for convenience foods, and in such cases, poultry meat products are superior options. As a result of the aforementioned reasons, the processed poultry meat Market is expected to develop over the projected period.
Asia is the Major Chicken Importing Region Worldwide
China is first in the world in terms of chicken meat imports. China will be first in 2022, followed by Mexico and the United States. The Netherlands, Saudi Arabia, Japan, the United Kingdom, Germany, the United Arab Emirates, Iraq, France, South Africa, the Philippines, and Vietnam are the top importers.
Global consumption of chicken continues to climb and is expected to rise over the next decade. Chicken meat consumption per person will grow faster than pork and beef because, according to these projections, poultry consumption would climb faster than beef and pig meat.
The global population is slowing and is predicted to rise. Over the next 10 years, poultry is predicted to remain the world's top imported animal item by volume. Many countries raised domestic poultry production to satisfy expanding chicken meat demand.
Brazil is the most Prominent Exporter by Volume
The United States, Brazil, the European Union, and Thailand have developed as significant poultry exporters. Brazil is the world's biggest poultry exporter, and it is expected to stay such in the next years. Increased local supply of chicken feedstuffs (feed grains and soybeans) aided Brazil's poultry industry increase.
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Chicken Market
6. Consuming Countries Market share - Global Chicken Market
7. Volume Share - Global Chicken
7.1 Consuming Countries
7.2 Producing Countries
7.3 Importing Countries
7.4 Exporting Countries
8. Consuming Countries - Global Chicken Market and Volume
9. Producing Countries - Global Chicken Volume
10. Importing Countries - Global Chicken Volume
11. Exporting Countries - Global Chicken Volume
12. Key Players Analysis
For more information about this report visit https://www.researchandmarkets.com/r/swkn6z-chicken?w=4
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