Global Poultry Market Trends And Strategies Of Major Players In The Poultry Market 2021-2030
24 Mar, 2021
The poultry market consists of sales of poultry by entities (organizations, sole traders and partnerships) that slaughter poultry and prepare processed poultry and meat byproducts. Poultry includes chickens, ducks, geese, rabbits, small game and turkeys. Poultry processing is fully or semi-automated in most countries. The companies in the industry package and distribute their products through various distribution channels to both individual customers and commercial establishments. The poultry market is segmented into chicken, turkey, ducks and other poultry.
Global Poultry Market Size And Drivers:
The global poultry market is expected to grow from $310.7 billion in 2020 to $322.55 billion in 2021 at a compound annual growth rate (CAGR) of 3.8%. The market is expected to reach $422.97 billion in 2025 at a CAGR of 7%.
The poultry manufacturing growth is aided by stable economic growth forecasted in many developed and developing countries.
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Trends In The Global Poultry Market
Poultry processing companies are increasingly using 3D imaging systems to optimize yields. 3D imaging systems model the poultry bird using sensors and actuators to determine the position of cut. The bird is put under the vision system, which takes the images and measurements, and its geometry is determined. Near-infrared sensors determine the amount of meat and bone present in the bird. Vision analysis enables the system to perform optimal cuts for each bird regardless of the size and shape. It is a data-driven process which maximizes the yield and minimizes per unit cost for poultry meat processing.
Global Poultry Market Segments:
The global poultry market is further segmented based on type, distribution channel, product type, nature and geography.
By Type: Chicken, Turkey, Ducks, Other Poultry.
By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others.
By Product Type: Seasoned, Frozen, Ready-to-Cook, Ready-to-Eat, Others.
By Nature: Organic, Conventional.
By Geography: The global poultry market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global poultry market, accounting for 32% of the total market.
Read More On The Report For The Global Poultry Market At:https://www.thebusinessresearchcompany.com/report/poultry-global-market-report
Poultry Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides poultry market overviews, analyzes and forecasts market size and growth for the global poultry market, poultry market share, poultry market players, poultry market segments and geographies, poultry market’s leading competitors’ revenues, profiles and market shares. The poultry market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.