Research indicates that the global chicken meat market has experienced significant growth over the past 30 years, resulting in modernization, automation, and the genetic creation of animal breeds that allow for increased productivity. Chicken meat production has been the most efficient in standardizing processes, boosting yields, and achieving considerable cost and price reductions. Chicken meat is a critical source of protein for many people worldwide, and its demand is increasing due to rising consumer preference for protein-rich foods, urbanization, disposable income, and changing lifestyles.

According to projections, the global chicken industry is expected to grow with a CAGR of nearly 5.45% from 2022 to 2028.

The chicken meat market has experienced significant growth in the past five years, particularly in regions where the poultry industry has modernized and expanded. However, in high-income countries, demand for chicken meat is expected to level off due to aging populations and dietary concerns. In lower-income countries, population and income growth will drive consumption.

The global chicken meat market was valued at $312.11 billion in 2022.

The rise in poultry meat consumption is attributed to reduced pricing, product consistency, flexibility, and a greater protein-to-fat ratio. Chicken is popular worldwide and is expected to continue growing in consumption, particularly in populous emerging countries such as China, India, and Indonesia. The ready-to-eat and ready-to-cook chicken market is also growing due to increased personal disposable income, internet penetration, and consumer demand for better taste and quality.

Over the next decade, poultry is predicted to be the leading animal product in global meat production. The chicken meat industry is composed of various production stages, including feed mills, hatcheries, expanding farms, and processing factories.

The United States is the top global chicken meat producer, followed by Brazil, the European Union, and China.

With the help of technology, production has increased, leading to a reduction in relative pricing compared to beef and pork. As people look for convenient food options, processed poultry meat is expected to grow in demand over the projected period.

China is the top global chicken meat importer, with Mexico and the United States following in second and third place in 2022.

The top importing countries also include the Netherlands, Saudi Arabia, Japan, the United Kingdom, Germany, the United Arab Emirates, Iraq, France, South Africa, the Philippines, and Vietnam.

Global chicken consumption is on the rise, and projections suggest that it will continue to grow over the next decade, with poultry meat consumption per capita increasing faster than that of beef and pork. Despite the slowing global population growth, poultry is expected to remain the top imported animal product by volume over the next decade. Many countries have increased domestic poultry production to meet the growing demand for chicken meat.

Brazil is the largest poultry exporter globally and is expected to maintain that position in the coming years.

The United States, Brazil, the European Union, and Thailand have emerged as major poultry exporters. The local supply of chicken feedstuffs has helped Brazil’s poultry industry grow, and the United States is expected to lose market share over the next decade.

In 2022, Brazil and the United States were the top chicken meat exporters, with the Netherlands, Poland, Turkey, Belgium, Ukraine, Thailand, Argentina, the United Kingdom, China, Germany, Belarus, Russia, and France exporting smaller percentages of chicken meat.

Tyson Foods has recently announced its plan to expand its Caseyville Prepared Foods Facility in August 2022 with a USD 180 million investment. This expansion will help the company meet the increasing demand for its renowned Hillshire FarmĀ® and Jimmy Dean branded products.

Additionally, Tyson Foods has formed a cooperation with Tanmiah Food Company of Saudi Arabia in July 2022, purchasing a 15% investment in Tanmiah subsidiary Agriculture Development Company (ADC) and a 60% stake in Supreme Foods Processing Company. This move will enable Tyson Foods to provide customers with access to chicken supply in Saudi Arabia, helping to fulfil the Middle East’s and other markets’ growing need for protein.

Global Chicken Producing Countries:
1. United States
2. Brazil
3. China
4. European Union
5. Russia
6. Mexico
7. Thailand
8. Turkey
9. Argentina
10. Columbia
11. Peru
12. Others

Global Chicken Consuming Countries:
1. United States
2. China
3. Brazil
4. European Union
5. Russia
6. Mexico
7. Japan
8. Thailand
9. United Kingdom
10. Argentina
11. Columbia
12. Others

Global Chicken Importing Countries:
1. Japan
2. Mexico
3. United Kingdom
4. European Union
5. Saudi Arabia
6. Iraq
7. China
8. Philippines
9. UAE
10. South Africa
11. United States
12. Others

Global Chicken Exporting Countries:
1. Brazil
2. United States
3. European Union
4. Thailand
5. China
6. Turkey
7. United Kingdom
8. Ukraine
9. Argentina
10. Belarus
11. Russia
12. Others

Ads Blocker Image Powered by Code Help Pro

Ads Blocker Detected!!!

We have detected that you are using extensions to block ads. Please support us by disabling the ads blocker and whitelist the site.