Global Chicken Market, Size, Share, Forecast 2022-2027, Industry Trends, Growth, Impact of COVID-19, Opportunity Company Analysis

Global Chicken Market, Size, Share, Forecast 2022-2027, Industry Trends, Growth, Impact of COVID-19, Opportunity Company Analysis

Global Chicken Market is expected to reach US$ 207.6 Billion in 2027. Over the years, the chicken industry has intensified at every turn. Hence, the chicken market is possibly the fastest growing and most flexible of all livestock sectors. Besides, the chicken once eaten as a special treat is now the most consumed animal globally. The chicken meat sector also significantly holds an important place in nutrition and is the fastest-growing agricultural sub-sector, especially in developing countries.

Covid-19 Impact on Worldwide Chicken Industry Growth Trends

COVID-19 has significantly influenced the Chicken Industry, just like other industries. In addition, the producers faced difficulties sourcing PPE, and COVID-19 cases in plants led to closures of processing factories. Moreover, the pandemic also resulted in consumers being more interested in the origins of their food, and higher welfare, including free-range and organic, have been experiencing firm demand.

Globally, the pandemic era has been very challenging for the chicken meat with low prices, oversupply, and the decimation of the foodservice market exchange. Nevertheless, with reasonable vaccination rates, the economy is reopening, and the foodservice sector, which relies heavily on imports, is gradually returning.

Global Chicken Market Size was US$ 196.0 Billion in 2021

Driven primarily by robust demand chicken market has expanded, consolidated, and globalized in numerous countries of all income levels. The other driving factors promoting the industry growth include the fastest-growing economy worldwide, growing consumer market, significant investments in world-class ports, logistics & supply chain infrastructure, and proactive government policies.

Global Chicken Production Seen Higher Across the United States, Brazil, and China:

Over the years, global chicken production has been recording year-on-year hikes across diverse countries like China, Brazil, European Union, Russia, India, Mexico, Thailand, Argentina, Turkey, Columbia, and United States. The major producers are expected to make remarkable gains with the most significant growth in the United States, Brazil, and China.

Further, despite relatively high feed prices squeezing profitability globally in the producing countries, expansion is spurred by robust demand as consumers are more inclined to seek low-cost animal protein. Also, expectations of an improved economic outlook, easing COVID-related production problems, and strong domestic and foreign demand are further expected to drive the higher global production output.

Consumption Market of China, Thailand, and European Union has Significant Market Share

In our report, we have analyzed the consumption market of China, Brazil, the European Union, Russia, Mexico, South Africa', Japan, Argentina, Thailand, the United Kingdom, and the United States. As per our analysis, the chicken consumption rates in China, Thailand, and European Union have peaked their market share and will continue to expand in the near future, summing up to develop the chicken meat industry on the whole.

Further, we have estimated that among the leading consumer countries, China is estimated to achieve the most remarkable consumption growth rate in terms of poultry consumption per capita, while for other global leaders, poultry consumption per capita showed much more modest growth.

China, Japan, and Mexico are Major Importing Countries

Our report has covered Japan, Mexico, China, European Union, United Arab Emirates, Saudi Arabia, Iraq, South Africa, the Philippines, and the United Kingdom as importing countries. Amongst the importing countries, China, Japan, and Mexico are major importing countries globally. According to Renub Research, Global Chicken Meat Market is expected to expand with a nominal CAGR of 0.96% during 2021-2027.

Brazil, European Union, United States and Thailand are Major Chicken Exporting Countries

Brazil, European Union, United States, Thailand is major chicken exporting countries globally. The worldwide export for chicken meat has peaked and is expected to continue, supported by the upward consumption trend worldwide. Moreover, developed economies are registering stable growth during the forecast period. Additionally, emerging markets are expected to grow slightly faster than the developed markets in the forecast period.

Key Players Insights

Major companies in the Global Chicken Meat Market include JBS S.A., Tyson Foods, Pilgrim's Pride Corporation, Danish Crown Group, Vion Food Group, WH Group, Hormel Foods Corporation, and Muyuan Foods. These companies are packaging and distributing their products through various distribution channels to both individual customers and commercial establishments.

Renub Research report titled “Global Chicken Meat Market, Forecast By Consuming Country (China, Brazil, European Union, Russia, Mexico, South Africa, Japan, Argentina, Thailand, United Kingdom, United States and Others), Producing Country (China, Brazil, European Union, Russia, India, Mexico, Thailand, Argentina, Turkey, Columbia, and United States), Importing Country (Japan, Mexico, China, European Union, United Arab Emirates, Saudi Arabia, Iraq, South Africa, the Philippines, and the United Kingdom), Exporting Country (Brazil, European Union, Thailand, Ukraine, China, Turkey, Belarus, Russia, Argentina and United States), Company Analysis (JBS S.A., Tyson Foods, Pilgrim's Pride Corporation, Danish Crown Group, Vion Food Group, WH Group, Hormel Foods Corporation, and Muyuan Foods)"". This report provides an all-encompassing analysis of the key growth drivers and restraining factors, demand, and their projections for the upcoming years.

Consumption - Market and Volume has been covered from 12 Countries

1. China
2. Brazil
3. European Union
4. Russia
5. Mexico
6. South Africa
7. Japan
8. Argentina
9. Thailand
10. United Kingdom
11. United States
12. Others

Production - Market has been covered from 12 Countries

1. China
2. Brazil
3. European Union
4. Russia
5. India
6. Mexico
7. Thailand
8. Argentina
9. Turkey
10. Columbia
11. United States
12. Others

Import - Market has been covered from 10 Countries

1. Japan
2. Mexico
3. China
4. European Union
5. United Arab Emirates
6. Saudi Arabia
7. Iraq
8. South Arica
9. Phillipines
10. United Kingdom

Export Countries - Market is covered from 10 Countries

1. Brazil
2. European Union
3. Thailand
4. Ukraine
5. China
6. Turkey
7. Belarus
8. Russia
9. Argentina
10. United States

Company Insights:

• Business overview
• Recent Development
• Sales Analysis

Key Players Analysis:

1. JBS S.A.
2. Tyson Foods
3. Pilgrim’s Pride Corporation
4. Danish Crown Group
5. Vion Food Group
6. WH Group
7. Hormel Foods Corporation
8. Muyuan Foods