The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Poultry Global Market Report 2023, the poultry market is expected to show significant growth in the forecast period.

Key insights from the poultry market forecast include:

1. Market Size

The global poultry market grew from $352.02 billion in 2022 to $378.84 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The poultry market is expected to grow to $487.39 billion in 2027 at a CAGR of 6.5%

2. Major Driver

Poultry manufacturing growth is aided by stable economic growth forecasted in many developed and developing countries. According to the International Monetary Fund (IMF), global GDP growth reached 3.3% in 2020 and another 3.4% in 2021. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market’s growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user poultry market, thereby driving poultry manufacturing during the forecast period.

View More On The Poultry Market Report 2023 – https://www.thebusinessresearchcompany.com/report/poultry-global-market-report

3. Key Trend

Poultry processing companies are increasingly using 3D imaging systems to optimise yields. 3D imaging systems model the poultry bird using sensors and actuators to determine the position of the cut. The bird is put under the vision system, which takes the images and measurements, and the 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 its size and shape. It is a data-driven process that maximises the yield and minimises the per unit cost for poultry meat processing. Major companies involved in pioneering this technology include Gainco, a meat and poultry equipment manufacturer, and Midwest Machine LLC.

4. Major Players

Major companies in the poultry market include JBS S.A., Tyson Foods Inc., Pilgrim’s Pride Corporation, Hormel Foods Corp, Sanderson Farms Inc., New Hope Liuhe Co. Ltd., BRF S.A., Maruha Nichiro Corporation, Marubeni, and Bell AG.

5. Top Market Segments

The global poultry market is segmented –
1) By Type: Chicken, Turkey, Ducks, Other Poultry
2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
3) By Product Type: Seasoned, Frozen, Ready-to-Cook, Ready-to-Eat, Other Product Types
4) By Nature: Organic, Conventional

Request A Sample Of The Global Poultry Market Report 2023:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3590&type=smp

The Poultry Global Market Report 2023  provides an in-depth analysis on the poultry market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the poultry market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Organic Poultry Global Market Report 2023
Poultry Healthcare Global Market Report 2023
Meat, Poultry And Seafood Global Market Report 2023

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