Poultry Manufacturing Market Characteristics
The poultry manufacturing market consists of sales of poultry by entities (organizations, sole traders and partnerships) that slaughter poultry and prepare processed poultry and meat by-products. 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.
Competitive Landscape of the Poultry Manufacturing Market
Major players in the global poultry manufacturing market include BRF S.A, Bayle S.A., CTB Inc., Cargill Incorporated, Cherkizovo Group.
Poultry Manufacturing Market Size
The poultry manufacturing market size is expected to reach a higher value by 2022, significantly growing at a steady CAGR of 5.25% during the forecast period. The growth in the poultry manufacturing market is due to emerging markets growth, increase in disposable income and improved earning capacity.
However, the market for poultry manufacturing is expected to face certain restraints from several factors such as health scares, tax increases, talent crunch and changing consumer preferences.
Poultry Manufacturing Market Segmentation
The global poultry manufacturing market is further segmented based on type and geography.
By Type - The poultry manufacturing market is segmented into chicken, turkey, ducks, others - poultry.
By Geography - The global Poultry manufacturing is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia-pacific poultry manufacturing market accounts the largest share in the global poultry manufacturing market.
Trends in the Poultry Manufacturing 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, as the major trends witnessed in the global poultry manufacturing market.
Potential Opportunities in the Poultry Manufacturing Market
With busy lifestyle, influence of social media on the market, impact of new cuisines on the market, low cost foods, the scope and potential for the global poultry manufacturing market is expected to significantly rise in the forecast period.