Global Poultry Market -Regional Insights
Among regions, Asia Pacific accounted for the largest revenue share of 38.40% in the Global Poultry Market in 2022, and is expected to witness significant growth over the forecast period, owing to rising poultry consumption in countries such as China, India, Malaysia and Australia. For instance, according to the Food & Agricultural Organization (FAO), the per capita consumption of poultry products pegged at 45.95 kg and 43.15 kg in Malaysia and Australia respectively, in 2022. These factors are expected to drive demand for poultry in Asia Pacific during the forecast period (2023-2030).
Furthermore, Middle East is expected to witness significant growth over the forecast period. For instance, according to the USDA Foreign Agricultural Service, Middle East is expected to witness high demand for poultry meat during 2023 to 2030. Furthermore, according to the U.S. Department of Agriculture (USDA), high rate of arriving tourism is expected to drive demand for poultry in the region. For instance, according to the Food & Agricultural Organization (FAO), average per capita consumption of poultry meat in the Middle East was 38.6 kg in 2022, with Kuwait accounting for highest per capita consumption of 45.8 kg.
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