Over the course of the forecast period, the global poultry market is anticipated to rise due to rising chicken production and consumption relative to other meat products. For instance, global per capita consumption of poultry meat in 2022 was 115.1 pounds as opposed to 111.5 pounds of total red meat, according to statistics from the American National Chicken Council published in September 2022.
In terms of revenue, the Global Poultry Market was estimated to be worth US$ 284,434.4 Mn in 2022. From 2023 to 2030, it is anticipated to grow at a CAGR of 3.53%, reaching US$ 375,412.5 Mn.
Leading Companies in the Poultry Industry:
1. Tyson Foods, Inc.: Built in 1935. Offices in the United States. The biggest producer of processed chicken and beef in the United States is Tyson Foods. Additionally, it is a significant producer of processed pork and goods containing protein that are sold under the names Jimmy Dean, Hillshire Farm, Ball Park, Sara Lee, Aidells, State Fair, and Raised & Rooted, to name a few. Nearly 80% of Tyson's products are sold through several U.S. channels, such as retailers (44% in fiscal 2022), food services (29%), other packaged food businesses, and industrial businesses (12%). In addition, exports to Canada, Mexico, Brazil, Europe, China, and Japan account for 15% of the company's income. Williams Sausage Company will be acquired by Tyson Foods under agreement
2. JBS S.A.: Established in 1953. Brazilian headquarters. JBS SA is a global firm that processes beef, lamb, and poultry. It comes from Brazil originally. JBS exports animal protein to more than 150 nations, making it one of the largest exporters in the world. Sales offices can be found, among other places, in Brazil, the US, Australia, Canada, Argentina, Uruguay, Paraguay, Mexico, Italy, Ireland, the UK, France, the Netherlands, China, and Russia. Among other things, the business also offers biodiesel, collagen, metal packaging, and hygiene and cleaning supplies. JBS has acquired BioTech Foods and is building a factory in Europe as part of its entry into the cultured protein sector.
3. Pilgrim's Pride Corporation: Established in 1953. Brazilian headquarters. JBS SA is a global firm that processes beef, lamb, and poultry. It comes from Brazil originally. JBS exports animal protein to more than 150 nations, making it one of the largest exporters in the world. Sales offices can be found, among other places, in Brazil, the US, Australia, Canada, Argentina, Uruguay, Paraguay, Mexico, Italy, Ireland, the UK, France, the Netherlands, China, and Russia. Among other things, the business also offers biodiesel, collagen, metal packaging, and hygiene and cleaning supplies. JBS has acquired BioTech Foods and is building a factory in Europe as part of its entry into the cultured protein sector.
4. Wens Foodstuff Group Co. Ltd.: Established in 1983. Headquarter location: China. Animal and poultry farming are the main businesses of Wens Foodstuff Group Co Ltd in China. The business sells both fresh and processed meats, including sheep, pigeons, deep-sea fish, chicken, pig, duck, milk, eggs, fried chicken, and others. Additionally, it offers raw milk as well as finished milk in a variety of forms, including pasteurised milk, fermented milk, sterilised milk, milk-containing beverages, and others. On May 29, 2019, a group of sellers and Wens Foodstuff Group Co., Ltd. (SZSE:300498) reached an agreement for Wens to pay CNY 640 million for an 80% share in Jiangsu Jinghai Poultry Industry Group Co.
5. BRF S.A.: Built in 1934. Headquarter location is Brazil. International producers of fresh and frozen protein foods include BRF SA. The company's sectors include Processed foods, other sales, and In natura (poultry, pork, bovine, and other). The array of products comprises speciality meats, marinated, frozen, whole and sliced meat, portioned goods and frozen prepared dinners. A 5% interest in the Brazilian meat producer BRF is purchased by BlackRock.
6. Perdue Farms: United States headquarters.
6. The organic soil composting plant AgriRecycle is authorised to compost 30,000 tonnes of poultry processing, hatchery, and farm byproducts, as well as poultry waste from farms close to Seaford, Delaware. The most recent acquisitions include Natural Food Holdings (Sept 2015), Cargill (Aug 2018), and Panorama Meats (May 2019).
7. Sanderson Farms: Built in 1955. United States headquarters. In the United States, Sanderson Farms Inc. processes dressed chicken and provides retailers, restaurants, and distributors with a variety of fresh, frozen, and value-added chicken products. The Southeastern, Southwestern, Northeastern, and Western regions of the United States are where most money is made. Tray packs and huge birds make up the company's product range, which serves consumers in the supermarket and food service industries. Under the Sanderson Farms brand, it offers whole, cut-up, and boneless chicken in chilled, iced, bulk, and frozen forms to retailers, distributors, and casual dining operators in the US. Today, a joint venture between Cargill and Continental Grain Company and Sanderson Farms, Inc. completed the previously announced acquisition of the company.
Definition: Poultry are domesticated birds raised for meat, eggs, and feathers. Popular birds of poultry include chickens, turkeys, ducks, geese, guinea flow, and squabs.
