The global poultry industry has grown a lot in the last 50 years. Chicken meat is now the top choice. In 1970, we produced 15.1 million tonnes of poultry meat. By 2020, this number jumped to 137 million tonnes, a huge increase of 807.8%.
Chicken meat makes up 85.5% to 88.2% of all poultry meat produced. This shows how popular it has become.
Asia has been the main driver of this growth, adding 41.6% to the total. Central and South America, North America, and Europe also saw significant increases. China is now the biggest poultry producer, beating the United States in 2020. Brazil has also risen from 10th place in 1970 to 3rd place in 2020.
Key Takeaways
- Global poultry markets are experiencing accelerated growth in poultry meat consumption, ranging from 1.5% to 2%.
- Chicken meat remains a competitively priced protein option compared to pork and beef.
- Asia has led the way in the growth of global poultry meat production, contributing 41.6% to the absolute growth.
- China has surpassed the United States as the largest poultry producer in the world.
- Brazil has emerged as a major poultry powerhouse, climbing from 10th place in 1970 to 3rd place in 2020.
Steady Growth Projected for U.S. Broiler Production
The U.S. broiler industry is set for steady growth, as shown by the USDA’s latest projections. The forecast says U.S. broiler production will beat past records every year. It will grow from 45.7 billion pounds in 2022 to 52.5 billion pounds by 2033.
Favorable Feed Costs and Increasing Demand
This growth in U.S. Broiler Production Forecasts comes from several factors. These include Broiler Feed Costs and Pricing Strategies and a rise in Broiler Meat Consumption Patterns. With good feed costs and more people wanting broiler meat, the industry looks set to keep growing.
Recovery from Avian Influenza Outbreaks
The broiler sector has shown it can bounce back from Avian Influenza Outbreaks better than turkey and egg sectors. This is because broilers have a shorter production cycle and are mainly raised in the Southeast U.S.
“The U.S. broiler industry is poised for steady growth in the coming years, as evidenced by the USDA’s latest projections.”
As the industry keeps changing, Technological Advancements in Broiler Processing will be key. They will help meet the growing demand for broiler meat and keep the sector competitive.
Global Poultry Meat Production: Asia Leads the Way
The global poultry meat production has seen big changes, with Asia leading the way. Between 1970 and 2020, Asia grew its share by 41.6% in global poultry meat production. This makes Asia the heart of the poultry industry’s growth.
Asia’s role in poultry meat production has grown by 21% since 1970. Meanwhile, Europe and North America have seen their shares drop by 19% and 15% respectively. This shows how Asia and Central/South America are now key players in the Global Poultry Meat Production Trends. The Emerging Markets in Poultry Meat are at the forefront.
| Region | Share in Global Poultry Meat Production | Change in Share (1970-2020) |
|---|---|---|
| Asia | 41.6% | +21% |
| Europe | N/A | -19% |
| North America | N/A | -15% |
The Shifts in Regional Production Dynamics come from better technology, efficiency, and growth in new markets. Asia’s leadership in the poultry industry shows its strategic role and ability to meet market needs.
Chicken Meat Dominates Poultry Production Worldwide
Chicken meat has become the top player in global poultry production. From 1970 to 2020, its production soared from 15 million tonnes to 123.3 million tonnes. This is a staggering increase of over 700%. The Global Chicken Meat Production Trends show how chicken has grown in popularity. This is due to its high feed conversion rate and the fact that many people eat chicken without any religious restrictions.
The way chicken meat is produced has spread out more globally. This shows the Factors Driving Chicken Meat Growth and how production has moved to new markets. The chicken meat industry’s growth is making food more secure for people everywhere.
| Poultry Meat Type | Production in 1970 (million tonnes) | Production in 2020 (million tonnes) | Percentage Change |
|---|---|---|---|
| Chicken Meat | 15.0 | 123.3 | 722% |
| Turkey Meat | 3.8 | 6.1 | 60% |
| Other Poultry Meat | 1.4 | 3.4 | 143% |
The fast growth in chicken meat production shows the industry’s commitment to being efficient and sustainable. To keep this Remarkable Growth in Chicken Meat Output, the industry needs to keep improving. This includes better breeding, feed, and disease management.
Shifting Dynamics in Turkey Meat Production
Turkey meat production has followed different paths than chicken meat globally. North America and Europe have led the way for years, making up 39.6% and 39.1% of turkey meat production. But, their growth rates have slowed down since the 1990s, hitting a plateau in the last decade.
This shows turkey meat is mainly popular in Europe and North America. The Global Turkey Meat Production Trends and Regional Dynamics in Turkey Meat are shaped by these regions’ unique tastes and cultures.
Europe and North America Maintain Dominance
Europe and North America’s hold on turkey meat is due to several factors. These include:
- Long-standing traditions and holidays where turkey is key
- Wide availability of turkey products thanks to strong supply chains
- Higher incomes that let people buy premium meats like turkey
- Marketing efforts by companies to keep turkey meat popular
While other areas have seen turkey meat production grow, it’s been slower. This shows the hard work needed to make turkey meat more popular worldwide.
“The turkey meat industry has been a tale of two regions, with North America and Europe maintaining their stranglehold on global production for decades. Unlocking new markets and evolving consumer preferences will be crucial for the industry’s future growth.”
Emerging Players in the Poultry Meat Industry
The global poultry meat industry has seen big changes in recent years. New players have joined the scene, especially in Asia. This shift has changed how poultry meat is made and sold around the world.
Brazil’s Ascent as a Poultry Powerhouse
Brazil has become a major player in the poultry meat industry. It moved from being the 10th largest producer in 1970 to the 3rd largest in 2020. This growth was partly due to a drop in pig meat production because of African Swine Fever.
Today, Brazil is a big part of the global poultry market. It is seen as a key player among Emerging Poultry Meat Producers.
| Metric | Value |
|---|---|
| Market Size (2024) | USD 40.49 Billion |
| Market Size (2029) | USD 42.67 Billion |
| CAGR (2024-2029) | 1.05% |
| Top Five Companies’ Market Share | 69.50% |
| Major Players | Cargill Inc., Hormel Foods Corporation, JBS SA, Sysco Corporation, Tyson Foods Inc. |
The growth of Brazil’s Poultry Industry Growth comes from good feed costs, more demand, and bouncing back from bird flu. Brazil now exports a lot of poultry meat, both at home and abroad.
Other new players in the poultry meat industry include India, Indonesia, and Iran. These countries are becoming more important in global Poultry Meat Production Shifts. Their fast growth and urbanization have led to more demand for affordable protein like poultry.
Global Market Trends for Broiler Chicken Meat
The global broiler chicken meat market is looking up, with a 2.5% to 3.0% growth forecast for 2024. This growth is a return to pre-pandemic levels. Lower feed costs and higher costs for other meats make chicken more affordable. Also, chicken’s lower environmental impact is attracting consumers who care about sustainability.
By 2031, global poultry imports are expected to hit 17.5 million metric tons. Sub-Saharan Africa will lead as the top importer. Brazil will stay the biggest poultry exporter. The U.S. share of poultry exports will drop from 26% in 2021 to 24% by 2031.
| Metric | 2021 | 2031 (Projected) |
|---|---|---|
| Global Poultry Imports (million metric tons) | 14.2 | 17.5 |
| Sub-Saharan Africa Poultry Imports (million metric tons) | 1.96 | 2.54 |
| Brazil Poultry Exports (million metric tons) | 4.5 | 5.2 |
| U.S. Share of Global Poultry Exports | 26% | 24% |
The global broiler meat trade dynamics are shaped by several key factors. These include lower feed costs and chicken’s competitive pricing. The appeal of poultry’s environmental benefits is also growing. These trends will likely shape the global broiler chicken meat market trends in the future.
Bullish Outlook for Q4 2024 Poultry Market
Rabobank’s latest analysis shows a “bullish” poultry market outlook for Q4 2024. This positive forecast comes from two main factors. First, lower feed costs will help. Second, chicken prices are more competitive due to high prices of other meats.
Expect a 5% to 10% drop in soybean and corn prices compared to Q1 2023. This relief will help poultry producers deal with high feed costs. Also, global poultry trade is expected to stay strong. This means more imports, especially in big markets like Europe, Japan, China, and Saudi Arabia.
Lower Feed Costs and Competitive Chicken Prices
Lower feed prices and high costs for beef and pork will make chicken meat more appealing. This is seen in strong retail sales and the comeback of fast food.
But, the report warns against too much optimism. Over-optimism could lead to market imbalances. Risks like avian influenza outbreaks, geopolitical tensions, and feed price swings could disrupt the poultry meat consumption trends.
| Metric | 2024 Projection | Year-over-Year Change |
|---|---|---|
| Net Farm Income | $116.1 billion | -25.5% |
| Total Crop Receipts | $248.1 billion | -6.3% |
| Total Animal/Animal Product Receipts | $236.5 billion | -1.9% |
| Total Production Expenses | $455.1 billion | +3.8% |
| Direct Government Farm Payments | $10.2 billion | -15.9% |
| Farm Sector Equity | $3.74 trillion | +4.7% |
The poultry market outlook for Q4 2024 is cautiously optimistic. Lower feed costs and competitive chicken prices are driving sales. But, the industry must watch out for risks and avoid over-optimism to keep the market balanced and sustainable.
Regional Trends and Challenges
The global poultry industry faces different challenges in various regions. The Regional Poultry Market Dynamics show interesting trends, especially in Europe and South Africa.
Europe’s Deforestation Regulation and HPAI Risks
The European Union Deforestation Regulation (EUDR) is changing the Regulatory Landscape for Poultry Trade in Europe. It aims to stop products, like poultry, from causing deforestation. The region also worries about Highly Pathogenic Avian Influenza (HPAI) outbreaks, which are big Risks and Challenges in Poultry Production.
Overproduction Concerns in South Africa
In South Africa, the poultry industry is worried about overproduction. Chicken meat prices are very sensitive to demand. Imported chicken is often cheaper than what’s made locally. This makes it hard for South African producers to keep up with demand and supply.
| Region | Key Trends and Challenges |
|---|---|
| Europe |
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| South Africa |
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As the global poultry industry deals with these issues, everyone needs to stay alert. Producers and policymakers must work together to handle the Regulatory Landscape for Poultry Trade. They also need to tackle the Risks and Challenges in Poultry Production to keep the industry growing and sustainable.
Asia’s Mixed Prospects in Poultry Production
The global poultry industry in Asia shows a mixed outlook, says the latest Rabobank report. Producers in South and Southeast Asia are mostly profitable. But, challenges exist in China and Japan.
Poultry Production Trends in Asia are complex. China and Japan’s recent increase in chicken production has caused oversupply and lower prices. This is worsened by weak consumer confidence and tough economic times. Yet, China is investing heavily in white bird and egg production, possibly due to high pork prices.
The Factors Influencing Poultry Sector in Asia are varied. Producers in India, Indonesia, Malaysia, the Philippines, Saudi Arabia, and Thailand have kept profits steady. This shows the sector’s strength in these markets. But, the Challenges and Opportunities in Asian Poultry Markets are complex, needing careful handling by the industry.
| Market Size of Asia-Pacific Poultry Meat Market | 2024 | 2029 | CAGR (2024-2029) |
|---|---|---|---|
| Market Size (USD Billion) | 173.09 | 185.16 | 1.36% |
The Asia-Pacific poultry meat market is set to grow steadily. It will see a Compound Annual Growth Rate (CAGR) of 1.36% from 2024 to 2029. This growth is due to more people living in cities, higher obesity rates, economic growth, and health worries about red meat.
As the poultry industry in Asia faces these mixed prospects, players must adjust their plans. They need to seize opportunities while tackling the challenges ahead.
Conclusion
The Key Takeaways on Global Broiler Chicken Meat Market show a bright future for poultry. Lower feed costs and competitive chicken prices have boosted growth, especially in Asia. Meanwhile, the demand for sustainable protein is on the rise.
In Europe and North America, traditional producers are facing a decline. Yet, the industry’s outlook remains optimistic. This is due to the potential for growth and innovation.
The Outlook for Poultry Industry is cautiously optimistic. The industry faces challenges like regulatory changes and disease outbreaks. But, it’s also seeing advancements in technology and genetics.
These advancements, along with growing demand in developing countries, offer hope. The industry is ready to tackle these challenges head-on.
Looking ahead, the Factors Shaping the Future of Broiler Production will be key. The industry must embrace sustainable practices and improve animal welfare. It also needs to balance trade and supply-demand dynamics for long-term success.