Poultry Market Astonished to Reach Revenue US$ 375,412.5 Mn by 2030 with CAGR o 3.53%| Coherent Market Insights

 

Poultry Market

The Poultry Market is a thriving sector within the broader food industry, encompassing the production, processing, and distribution of poultry products. Poultry refers to domesticated birds such as chickens, turkeys, ducks, and geese that are primarily raised for their meat and eggs. This market plays a crucial role in meeting global food demands, providing a significant source of protein to people worldwide.

The Global Poultry Market was valued at US$ 284,434.4 Mn in 2022, and is expected to exhibit a CAGR of 3.53%, in terms of revenue, over the forecast period (2023-2030), to reach US$ 375,412.5 Mn by 2030.

The Poultry Market is driven by various factors, including population growth, changing dietary preferences, and affordability. As the global population continues to increase, so does the demand for food. Poultry products offer a cost-effective and accessible source of protein, making them a popular choice for many consumers. Additionally, shifting dietary patterns, with a greater emphasis on lean protein sources, have further contributed to the market's growth. Poultry meat is generally considered healthier compared to red meat, as it is lower in saturated fat and cholesterol.

One of the primary segments of the Poultry Market is broiler production, which focuses on raising chickens for meat. Broiler chickens are bred to grow rapidly and efficiently convert feed into meat. This segment requires careful management of factors such as nutrition, housing, biosecurity, and animal welfare to ensure optimal growth and health. Poultry processing facilities play a critical role in converting live birds into various products, including fresh and frozen meat, portions, sausages, and value-added products.

Another significant segment within the poultry market is egg production. Eggs are a versatile and nutritious food source, rich in essential vitamins, minerals, and proteins. The egg industry encompasses both table eggs consumed directly and eggs used as ingredients in various food products. The production of eggs involves the rearing of laying hens, with a focus on factors such as nutrition, housing conditions, disease prevention, and the well-being of the birds.

The Poultry Market operates within a dynamic landscape, shaped by evolving consumer preferences, technological advancements, and regulatory frameworks. Sustainability and animal welfare have emerged as crucial considerations for consumers, leading to an increased demand for ethically produced and free-range poultry products. Organic and antibiotic-free options have gained popularity as consumers become more conscious of their health and the environmental impact of food production.

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