The Growing Demand For Protein Rich Food To Fuel The Poultry Market Growth
Poultry Market The poultry market is estimated to be valued at US$ 15.88 Mn in 2023 and is expected to exhibit a CAGR of 3.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Poultry refers to domesticated birds raised for their eggs, feathers, and meat. Common poultry animals include chickens, turkeys, ducks, and geese which are a major source of protein for human consumption worldwide. They are easy to breed and cost effective compared to other meat protein sources. Poultry meat and eggs have high nutritional value and are widely utilized in households and food processing industries. Market Dynamics: Rising global population and growing demand for affordable animal protein is a major driver for the poultry market. Population growth, urbanization, and rising disposable incomes in developing regions are fueling the need for food security through efficient and sustainable food production systems. Poultry fa