Poultry Processing Market Size Analysis grow with significant CAGR by 2027 | Regional Analysis of key segments, impact of COVID-19 Pandemic

Research Nester has released a report titled “Poultry Processing Market – Global Demand Analysis & Opportunity Outlook 2027″which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.

The United States Department of Agriculture (USDA) stated in one of their statistics that total consumption of poultry around the world is estimated to reach 145848.50 thousand metric tons from 114200 thousand metric tons in-between 2016 and 2028.

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Moreover, the Agricultural and Processed Food Products Export Development Authority (APEDA) stated in one of their statistics that exports of poultry products in India reached 5,16,712.93 metric tonnes in the year 2018-19 from 1,66,811.52 metric tonnes in the year 2010-11.

The statistics portray the increasing exports and the growing estimations for consumption of poultry products. With increasing population around the globe and rising awareness for animal protein rich foods, coupled with the increasing demand for processes and convenience goods, all of these factors are anticipated to contribute significantly towards the growth of the poultry processing market.

The poultry processing market is anticipated to record robust CAGR over the forecast period, i.e. 2019-2027. The market is segmented by type into chicken meat, turkey meat and eggs. Among these segments, chicken meat segment is anticipated to hold largest market share owing to its greater production in comparison to turkey meat and eggs, added with the increasing production of chicken worldwide.

In the statistics provided by Food and Agriculture Organization (FAO), production of chicken around the globe reached 122 million tonnes in the year 2017 from around 113 million tonnes in the year 2014.

Geographically, the poultry processing market is segmented by five major regions into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa region, out of which, North America is anticipated to hold largest market share on account of rising demand for organic poultry meat, coupled with the demand for low calorie meat and increasing research and developments in the production of processed poultry and meat industry.

Additionally, Asia-Pacific is expected to gain significant market share on the back of shifting trend amongst consumers for seasoned meat and meat products, coupled with changing lifestyle in consumption of food and the increasing population. Moreover, the region is also known for being the largest producer of poultry products around the globe. In the statistics provided by FAO, total production of poultry products in Asia-Pacific reached 100468822 tonnes in the year 2017 from 87530561 tonnes in the year 2014.

However, raising concerns for loss borne due to sudden outbreak of diseases such as bird flu, is estimated to act as a barrier to the growth of the poultry processing market during the forecast period.

This report also studies existing competitive scenario of some of the key players of the poultry processing market, which includes profiling of JBS S.A. (bvmf:JBSS3), Tyson Foods, Inc. TSN, +1.25%, BRF S.A. (bvmf:BRFS3), New Hope Group (she:000876), Wen’s Food Group Co., Ltd. (she:300498), Charoen Pokphand Group (bkk:CPF), Perdue Farms Inc., Koch Foods, Bachoco(R) (bmv:BACHOCOB), and Sanderson Farms, Incorporated SAFM, +2.47%.

The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Poultry Processing Market – Global Demand Analysis & Opportunity Outlook 2027”, analyses the overall poultry processing industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the poultry processing market in the near future.

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