Poultry (Broiler) Market Scope
Broilers are the young chickens in the poultry. It is a chicken that is bred for meat production. Broilers are rapidly growing owing to this husbandry used to sustain this, broilers are susceptible to several welfare concerns such as skin, eye lesions, and others
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | JBS S.A. (Brazil), BRF (Brazil), Tyson Foods (broiler) (United States), Wen's Food Group (China), CP Group (Thailand), Koch Foods Inc. (United States), Sanderson Farms Inc. (United States), Wellhope Agri-Tech (China), Industrias Bachoco (Mexico) and Perdue Foods (broiler) (United States) |
CAGR | % |
Global Poultry (Broiler) is a fragmented market due to the presence of various players. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
JBS S.A. (Brazil), BRF (Brazil), Tyson Foods (broiler) (United States), Wen's Food Group (China), CP Group (Thailand), Koch Foods Inc. (United States), Sanderson Farms Inc. (United States), Wellhope Agri-Tech (China), Industrias Bachoco (Mexico) and Perdue Foods (broiler) (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Poultry (Broiler) market by Type , by Application (Household, Restaurants and Others) and Region with country level break-up.
On the basis of geography, the market of Poultry (Broiler) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
On 19th November 2021, JBS S.A. has acquired BioTech Foods. The acquisition is the company’s first foray into the cultivated meat market and includes a USD 41 million investment to construct a new plant in Spain to boost up production.
In June 2021, Tyson launched plant-based food in Asia-Pacific. Tyson Foods says the initial launch under its First Pride brand will introduce frozen Bites, Nuggets, and Strips made with plants to consumers in Malaysia and will roll them out to other markets in the region in the coming months.
Influencing Trend:
Growing Non-Vegetarians over the Globe
Market Growth Drivers:
Rapid Shift towards Consumption of High Proteins Products especially in COVID-19 Pandemic
Challenges:
Environmental Regulations on the Poultry Farms
Restraints:
Various Diseases like Bird flu can hamper the Poultry and Awareness about Health Risks with the Consumption of Broiler Chicken
Opportunities:
Surging Demand for Non-Veg Food among Population can create Opportunities for the Market Growth
Key Target Audience
Poultry (Broiler) Regulatory Bodies, Potential Investors, Research and Development Institutes and Others