IndexBox has just published a new report:‘World – Poultry – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.
In 2019, the global poultry market increased by 6% to $231.5B, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of +4.4% from 2009 to 2019. The growth pace was the most rapid in 2011 with an increase of 11% y-o-y. Global consumption peaked in 2019 and is expected to retain growth in the near future.
Poultry Consumption by Country
The countries with the highest volumes of poultry consumption in 2019 were China (20M tonnes), the U.S. (19M tonnes), and Brazil (12M tonnes), with a combined 40% share of global consumption. These countries were followed by Russia, Mexico, India, Japan, Indonesia, Iran, South Africa, Malaysia, and Myanmar, which together accounted for a further 21%.
In value terms, China ($53.4B) led the market, alone. The second position in the ranking was occupied by the U.S. ($21.3B). It was followed by Brazil.
The countries with the highest levels of poultry per capita consumption in 2019 were Malaysia (63 kg per person), the U.S. (58 kg per person), and Brazil (57 kg per person).
From 2009 to 2019, the most notable rate of growth in terms of poultry per capita consumption, amongst the leading consuming countries, was attained by Myanmar, while poultry per capita consumption for the other global leaders experienced more modest paces of growth.
Market Forecast 2020-2030
Driven by increasing demand for poultry worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.3% for the period from 2019 to 2030, which is projected to bring the market volume to 166M tonnes by the end of 2030.
According to FAO forecasts, global poultry meat production will reach 137 million tonnes in 2020. Growth is expected in China, the EU, Britain, Brazil, and Mexico, while production decline is possible in India, Thailand, Turkey, and the U.S.
In China, poultry production is projected to grow, albeit slowly, due to relatively steady demand amid high pork prices. Although the discovery of new HPAI cases at the beginning of the year in some European countries forced China to ban imports of live birds from these suppliers. However, the impact on domestic production is likely to be limited, since the measure coincided with the lifting of the 2015 ban on imports of live poultry from the United States.
New investments in processing capacity are expected to increase poultry production in the EU and the UK. However, a positive outlook could become negative if the recent fall in prices associated with COVID-19 continues. Slaughter of birds in countries where new cases of HPAI have been diagnosed may also hinder production growth in the EU this year.
In Brazil, poultry production is projected to increase driven by growing demand for imports, especially in China, as well as in other countries that are attracted by Brazil’s status as a supplier of products with high biosafety standards.
Growth in poultry meat production is also projected to continue in South Africa due to strong consumer demand, and in Mexico because of competitive feed prices.
In contrast, poultry meat production in India is likely to decline as the outflow of labor from cities after the COVID-19 lockdown reduced the availability of workforce in this sector, which also led to a decrease in consumer demand.
Similarly, in Thailand, a sharp drop in demand for poultry meat from the food retail sector, including street food, is driving the expected decline in production. However, the prospects for production in 2020 could be positive if efforts by the government to persuade Asian countries, especially China, Japan and the Republic of Korea, to import more poultry meat are successful.
In the United States, declining food sales and labor shortages have led the sector to abandon expansion plans and reduce the share of large poultry production preferred by HoReCa. It is also reported that the requirements for maintaining distances between workspaces in processing plants reduce the efficiency of meat processing, which leads to a drop in production.
Global Poultry Production
In 2019, the amount of poultry produced worldwide expanded to 130M tonnes, growing by 3.7% against the previous year’s figure. The total output volume increased at an average annual rate of +3.4% from 2009 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2010 with an increase of 4.7% against the previous year. Global production peaked in 2019 and is expected to retain growth in years to come. The generally positive trend in terms output was largely conditioned by a perceptible increase in the number of producing animals and a relatively flat trend pattern in yield figures.
Production By Country
The countries with the highest volumes of poultry production in 2019 were the U.S. (23M tonnes), China (20M tonnes), and Brazil (16M tonnes), with a combined 45% share of global production. Russia, India, Mexico, Indonesia, Turkey, Japan, Iran, Argentina, and Myanmar lagged somewhat behind, together comprising a further 20%.
From 2009 to 2019, the most notable rate of growth in terms of poultry production, amongst the key producing countries, was attained by Russia, while poultry production for the other global leaders experienced more modest paces of growth.
Exports
For the fourth year in a row, the global market recorded growth in overseas shipments of poultry, which increased by 2.2% to 17M tonnes in 2019. The total export volume increased at an average annual rate of +3.3% over the period from 2009 to 2019.
In value terms, poultry exports rose to $27.3B (IndexBox estimates) in 2019. Over the period under review, global exports reached the maximum at $28.5B in 2014; however, from 2015 to 2019, exports remained at a lower figure.
Exports by Country
Brazil (4M tonnes) and the U.S. (3.6M tonnes) represented the main exporters of poultry in 2019, resulting in at approx. 24% and 22% of total exports, respectively. It was distantly followed by the Netherlands (1.5M tonnes) and Poland (1.5M tonnes), together generating an 18% share of total exports. Belgium (509K tonnes), Turkey (493K tonnes), Germany (473K tonnes), France (398K tonnes), Ukraine (361K tonnes), the UK (359K tonnes), Hong Kong (328K tonnes) and Thailand (295K tonnes) followed a long way behind the leaders.
From 2009 to 2019, the biggest increases were in Ukraine, while shipments for the other global leaders experienced more modest paces of growth.
In value terms, the largest poultry supplying countries worldwide were Brazil ($6.5B), the U.S. ($3.7B), and Poland ($2.9B), with a combined 48% share of global exports. These countries were followed by the Netherlands, Germany, France, Belgium, Thailand, Turkey, Ukraine, Hong Kong, and the UK, which together accounted for a further 31%.
Export Prices by Country
The average poultry export price stood at $1,644 per tonne in 2019, remaining relatively unchanged against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the average export price increased by 11% year-to-year. The global export price peaked at $1,893 per tonne in 2013; however, from 2014 to 2019, export prices remained at a lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was Thailand ($2,683 per tonne), while the U.S. ($1,045 per tonne) was amongst the lowest.
From 2009 to 2019, the most notable rate of growth in terms of prices was attained by Thailand, while the other global leaders experienced more modest paces of growth.
Source:IndexBox AI Platform
FAQs
What are the global poultry trends for 2020? ›
According to FAO estimates, the total production of poultry meat in the world in 2020 increased by 2.6 percent to 137 million tons. This amounts to almost half the growth rate in 2019. China, the US, Brazil, South Africa, and Mexico are thought to have the largest share of production growth in 2020.
Which country leads the world in poultry production? ›As the country with the highest chicken population, China was the leading producer of eggs worldwide. In 2021, some 586 billion eggs were produced in China, an amount almost five times greater than the runner up, India.
What are the top 5 countries in the production of poultry? ›| Rank | Country | Production (1,000 Metric Tons) |
|---|---|---|
| 1 | US | 19,710 |
| 2 | Brazil | 13,800 |
| 3 | EU | 12,470 |
| 4 | China | 12,000 |
In 2023, poultry production is expected to remain stable at 14.3 million metric tons.
How much poultry is produced in the US 2020? ›The total number of broilers produced in 2020 was 9.22 billion, up slightly from 2019. The total amount of live weight broilers produced in 2020 was 59.4 billion pounds, up 2 percent from 2019. The value of turkeys produced during 2020 was $5.19 billion, up 20 percent from the $4.32 billion the previous year.
Why poultry is the fastest growing industry? ›Poultry can achieve the highest growth rates and lowest costs per unit of output, mainly because of efficient feed conversion, an advantage they have over other livestock species that cannot do this to the same extent, ruminants in particular (Gerber et al., 2015).
How big is the global poultry industry? ›Global Chicken Market is expected to be US$ 429.11 Billion by 2028, from US$ 312.11 Billion in 2022. according to the publisher. The global chicken meat market has expanded rapidly, notably in the last 30 years.
Where is the biggest poultry farm in the world? ›The facility, located in the Binh Phuoc province, includes a feed factory, parent chicken farms, hatcheries, broiler farms, slaughtering plants, and processing plants. The facility had an initial investment capital of US$ 230 million, with the capacity to produce and process up to 100 million birds/year.
What is known as the poultry capital of the world? ›After the end of World War II in 1945, a visionary named Jesse Jewell (1902-75) started what's become the State of Georgia's largest agricultural crop – poultry. The billion-dollar-a-year industry has earned Gainesville the nickname, "Poultry Capital of the World", as its home to numerous poultry farms and plants.
What are the top 3 countries in the world for chicken production? ›| # | 204 Countries | 5‑years CAGR |
|---|---|---|
| 1 | #1 United States | +2.3 % |
| 2 | #2 China | +3.1 % |
| 3 | #3 Brazil | +1.7 % |
| 4 | #4 Russia | +4.1 % |
What is the #1 poultry production state in the US? ›
Not only does Iowa grow the most corn in the United States, it also leads all 50 states in chicken production, according to Statista. In 2021, the Midwest state was responsible for the production of 60 million chickens, followed by Ohio with 45.8 million and Indiana with 45.6 million.
Who is the largest poultry producer in the US? ›The US is the leader of poultry production in the world, so it's no surprise that Tyson Foods ranks as the largest American and global poultry producer.
How much chicken does US import from China? ›More than 99% of the chicken sold in the United States comes from chickens hatched, raised and processed in the United States. None currently come from China.
Why did China ban US poultry products? ›Beijing banned imports of U.S. poultry and eggs in January 2015 because of a U.S. outbreak of highly pathogenic, or virulent, avian flu, closing a market worth $500 million in 2013, according to the U.S. Department of Agriculture.
How much chicken is consumed in China? ›In 2021, around 15 million metric tons of chicken were consumed in China, a slight decrease from around 15.4 million metric tons in the previous year. The chicken meat production volume in China is expected to further drop to 14.48 million metric tons in 2023.
How much is the poultry industry worth in the US? ›A dynamic and integral part of the national economy, the U.S. poultry industry provides 2,012,269 jobs, $125.6 billion in wages, $555.9 billion in economic activity and $33.7 billion in government revenue. The study breaks down poultry into three subcategories: chicken, turkey and eggs.
How big is the poultry industry in the US? ›The market size, measured by revenue, of the Chicken & Turkey Meat Production industry is $57.8bn in 2023. What is the growth rate of the Chicken & Turkey Meat Production industry in the US in 2023? The market size of the Chicken & Turkey Meat Production industry is expected to decline -0.8% in 2023.
How much poultry does the US import? ›The emerging aquaculture industry continues to grow worldwide and is projected to maintain its position as the fastest-growing food production technology for the next two decades. Aquaculture now produces more than $230 billion worth of goods annually, and over half of the seafood we consume today is farmed.
Why is demand for chicken so high? ›What's behind the divergence in meat prices? “The increase in chicken prices is mostly due to very strong consumer demand this year along with increased production (mostly feed) costs,” explained Derrell Peel, who teaches agricultural economics at Oklahoma State University and specializes in livestock.
Which is the most profitable poultry farming? ›
- Country chicken farming / Desi chicken farming. India has long practiced raising desi hens or country chickens. ...
- Quail Farming. Japanese quail are mostly reared in India for meat and eggs. ...
- Duck Farming. ...
- Emu Farming. ...
- Geese Farming. ...
- Guinea Fowl Farming.
Poultry farming serves the cheapest animal protein source from backyard farming to industries. Poultry sector contributes 1% to National GDP in Livestock 14% GDP. The Red Revolution has seen a 2.9% increase in production of meat.
What is the growth of the poultry industry? ›Figures for the global poultry market indicate a 4.1% growth between 2021 and 2025, reaching a production of 100.9 million metric tons.
Is poultry farming profitable in USA? ›In fact, a 2022 study by Agriculture Economist, Dr. Thomas Elam found that the median income of contract poultry farmers was significantly higher than both all farm households and all U.S. households. Today, we pay nearly $820 million annually to the more than 3,600 poultry farmers who contract with us.
What is the biggest poultry company in China? ›Wen's Food Group
Wen's Food Group is Asia' largest poultry producer, and the 4th-largest producer of poultry meat worldwide. Slaughtering 925 million birds per annum, the Yunfu City, China-based company produces chickens, ducks and geese and is also a leading producer of pigs.
| Rank | Company | No. of Employees |
|---|---|---|
| 1 2017: 2 | JBS USA Holdings Inc. Greeley, Colo. Andre Nogueira, President/CEO | 73,000 |
| 2 2017: 1 | Tyson Foods Inc. Springdale, Ark. Tom Hayes, President/CEO | 122,000 |
| 3 2017: 3 | Cargill Meat Solutions Corp. Wichita, Kan. Brian Sikes, Corporate Vice President | 28,000 |
THE BIGGEST: China's Mudanjiang City Dairy Farm easily takes out the title as the biggest farm in the world. 1- Mudanjiang City Dairy Farm, Heilongjiang, China.
What country is the most consumed poultry in the world? ›Based on a comparison of 161 countries in 2020, Israel ranked the highest in poultry meat consumption per capita with 68.9 kg followed by Trinidad and Tobago and USA. On the other end of the scale was Chad with 0.480 kg, Burundi with 0.560 kg and Ethiopia with 0.590 kg.
Which state is the largest producer of poultry meat? ›| 2018-19 | ||
| Sr No. | State | Production |
|---|---|---|
| 1 | Maharashtra | 632.32 |
| 2 | Haryana | 478.63 |
| 3 | West Bengal | 475.42 |
According to official numbers by the United States Department of Agriculture, Alabama produces the most chicken with a total production of over 6 million pounds. Arkansas is the second largest producer of chicken in the United States and Delaware is the third on the list.
What are the 3 top meat producing countries? ›
The United States, Brazil and China accounted for roughly 51% of the world's beef production. The United States accounted for roughly 21% of the world's beef production in 2022.
What region is the top producer of chicken? ›Poultry Production in Central Luzon January to December 2022 Final Results. Central Luzon remained to be the top producer of chicken in the country, contributing more than one third (34.8%) to the national production.
Why is there a poultry shortage in the US? ›Why is there a chicken shortage? Petrol increases, electricity price hikes, labour shortages and limited wheat supplies (main ingredient in chicken feed) due to the Ukraine war have culminated to create the perfect storm for chicken suppliers.
What percentage of chickens in the US is raised on factory farms? ›An estimated 99 percent of chickens currently being farmed in the United States are confined in factory farms. This estimate gets rougher for chickens farmed worldwide, though an estimated 74 percent of farmed land animals are raised in factory farms.
What are the 3 segments of poultry industry in America? ›The industry consists of 3 main sectors: commercial (A; multiple colors), backyard (B; brown) and live-bird market system (C; purple).
How much poultry does the US produce? ›The United States has a robust poultry industry, with an inventory of over 518 million chickens and over 224 million turkeys. In 2019, chicken production rose to around 44 billion pounds.
Who is the largest egg producer in the US? ›1 Cal-Maine Foods, 43.97 million
Cal-Maine Foods is the largest producer and marketer of shell eggs in the United States.
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Broiler Chicken Industry Key Facts 2021.
| Basic economic measurements include: | |
|---|---|
| Number of workers indirectly employed | 1.2 million |
| Number of family farms growing broilers and/or producing hatching eggs | 25,000 |
- Electrical machinery, equipment: US$604.5 billion (24.8% of total imports)
- Mineral fuels including oil: $357.7 billion (14.7%)
- Ores, slag, ash: $254.6 billion (10.4%)
45% Of the products the US is heavily reliant on China for, video game consoles are the product on which Americans spend the most.
What percentage of goods does China export to the US? ›
At the macroeconomic level, China's goods exports to the US continue to account for approximately 3 percent of its annual GDP. The US reports goods imports from the PRC are the equivalent of a bit over 2 percent of our GDP.
Is the U.S. still importing food from China? ›Despite the rapid growth, less than 1 percent of the U.S. food supply comes from China. For a few specific items, like apple juice, garlic, canned mandarin oranges, fish, and shrimp, China is a major supplier.
Does China depend on the U.S. for food? ›The United States used to be China's largest agricultural supplier, but its position weakened following the U.S.-China trade war in 2018. In 2021, Brazil replaced the United States as China's largest agricultural supplier, providing 20 percent of China's agricultural imports.
Does the U.S. export chicken to China? ›U.S. facilities can only export to China poultry that are slaughtered, further processed, or stored, after the facility has been added to the FSIS Eligible Plant List.
How much does the US consume from China? ›United States Imports from China was US$541.53 Billion during 2021, according to the United Nations COMTRADE database on international trade. United States Imports from China - data, historical chart and statistics - was last updated on March of 2023. Base metals not specified elsewhere, cermets.
How much has China's meat consumption increased? ›Meat consumption in China has increased steadily since the early 1990s. In 2021, the Chinese consumed almost 100 million tons of meat—27 percent of the world's total 1. and twice the total consumption in the United States.
What is the global scenario of poultry? ›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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term.
What is the status of the world poultry industry? ›To meet growing demand, world poultry meat production soared from 9 to 133 million tonnes between 1961 and 2020, and egg production shot up from 15 to 93 million tonnes. In 2020, poultry meat represented almost 40 percent of global meat production.
What is the global poultry market outlook? ›The outlook for most poultrymeat markets around the world is positive, with strong demand and limited supply – but that is changing. Shoppers will become more price driven as inflation erodes spending power, however this usually strengthens demand for cheap proteins such as chicken or eggs.
What new trends are there regarding chicken products? ›- 16 poultry technologies to watch in 2022 (blog) ...
- Hydrogen peroxide shows promise to disinfect hatcheries. ...
- 2 potential antibiotic alternatives for use in poultry. ...
- Super doses of copper in feed can benefit the poultry gut. ...
- Nanovaccine could prevent future avian flu outbreaks.
What are the challenges facing the global poultry industry? ›
According to ICRA, the issues facing the poultry sector include high feed costs, poor cold chain and transportation infrastructure, a high susceptibility to disease outbreaks, and extremely variable realizations that have an impact on cash flows.
Why is there a global chicken shortage? ›Labor shortages, lack of truck drivers, and shortages of packaging materials like plastic, paper, and aluminum are all contributing to the slowdowns. Farmers are struggling to keep their herds in response to a shortage of antibiotics and feed materials.
Why is the poultry industry important to the United States economy? ›“The chicken industry provides 1,517,797 jobs, $94.9 billion in wages, $417 billion in economic activity, and $25.5 billion in government revenue.
How does the poultry industry affect the economy? ›A dynamic and integral part of the national economy, the U.S. poultry industry provides 2,012,269 jobs, $125.6 billion in wages, $555.9 billion in economic activity and $33.7 billion in government revenue.
What is the largest poultry company in the world? ›The US is the leader of poultry production in the world, so it's no surprise that Tyson Foods ranks as the largest American and global poultry producer.
Who are the target market in poultry farming? ›The proposed target market for the poultry business are caterers, households, restaurants, hotels, students, and party planners. The mission of this business is raising the standard of available poultry products while keeping products affordable and readily available for customer satisfaction.
Is the US having a chicken shortage? ›In spring 2021, news of a chicken shortage resulted in fast-food chains cutting back on chicken items. The shortage then moved over to grocery stores in the fall. According to Business Insider, nearly half of Americans in a survey reported seeing a shortage of meat and eggs in the beginning of 2022.