About Poultry Processing
Poultry Processing is the method of preparing meat from various types of animals to be used as feeding by humans. The poultry is majorly used to keep the animals for their eggs and meat purpose. The animals such as chickens and turkeys are widely used due to their meat containing high proteins. According to the United States Department of Agriculture (USDA), poultry consumption around the world will strengthen to 145.84 metric tons from 114.20 metric tons in-between 2016-2028. This has expanded the demand for the poultry processing market globally.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
In Poultry Processing Market, it has been observed that most of the companies are upgrading or introducing innovative services. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share. Analyst at AMA Research estimates that United States and Asian Vendors will contribute the maximum growth to Global Poultry Processing market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Beck’s Meat Processing (United States), Tyson Foods Inc. (United States), JBS USA Holdings, Inc. (United States), BRF S.A. (Brazil), Wen’s Food Group Co., Ltd. (China), Charoen Pokphand Foods PCL (Thailand), Perdue Farms Inc. (United States), V H Group (India), Suguna Foods Pvt. Ltd. (India), Godrej Tyson Foods Ltd. (India), Koch Foods (United States), Bachoco (Mexico) and Sanderson Farms, Incorporated (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Poultry Processing market by Type (Fresh Processed, Raw Cooked, Pre-Cooked, Raw Fermented Sausages, Cured, Dried and Others), Application (Slaughterhouses, Sausage Factories, Deli Meat Processing Factories and Others) and Region.
On the basis of application, Slaughterhouses segment is dominating the market in the year 2023 where as Deli Meat Processing Factories segment stood as second largest market .On the basis of geography, the market of Poultry Processing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Processing Setup, the sub-segment i.e. On-Farm Setup will boost the Poultry Processing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Poultry Type, the sub-segment i.e. Chicken Meat will boost the Poultry Processing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Trend of Processed Food
Market Growth Drivers:
Rising Number of Quick-Service Restaurants Globally, Easy Availability and Accessibility of Processed Meat in Urban Areas and Rising Awareness among Consumers for Protein Rich Diet
Challenges:
Poultry Industry Facing Social Unacceptance in Some Regions
Restraints:
Environmental Problems, such as Handling and Disposal of Large Amounts of Litter and Fear of Harm Occurring Due To Bird Flu
Opportunities:
Increasing Per Capita Disposable Income of People in Emerging Countries and Increasing Government Support for Poultry Business
Market Leaders and their expansionary development strategies
In 2018, Tyson Foods, Inc. completed the acquisition of the poultry rendering and blending assets of Cumming, Ga.-based American Proteins, Inc. and AMPRO Products, Inc. This acquisition amounted to approximately USD 850 million. This acquisition will enable Tyson Foods to expand its presence in the animal feed ingredient business.
In October 2019, BRF S.A. to invest around USD 120 million in Saudi chicken processing plant. This plant is estimated to output around 50,000 tons per year for the Saudi market including its neighboring countries. This expansion will further strengthen the company’s position in the Middle East region.
Key Target Audience
Restaurants and Food Manufacturers, Raw Material Suppliers, Poultry Farms, Agriculture Institutes, Poultry Processing Suppliers, Research institutes and organizations and Government Bodies, Venture Capitalists, and Private Equity Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.