Global Poultry Processing Market Overview:
Poultry Processing is the method of preparing meat from various types of animals to be used as feeding by humans. The poultry is majorly used to keep the animals for their eggs and meat purpose. The animals such as chickens and turkeys are widely used due to their meat containing high proteins. According to the United States Department of Agriculture (USDA), poultry consumption around the world will strengthen to 145.84 metric tons from 114.20 metric tons in-between 2016-2028. This has expanded the demand for the poultry processing market globally.
- Rising Number of Quick-Service Restaurants Globally
- Easy Availability and Accessibility of Processed Meat in Urban Areas
- Rising Awareness among Consumers for Protein Rich Diet
- Growing Trend of Processed Food
- Environmental Problems, such as Handling and Disposal of Large Amounts of Litter
- Fear of Harm Occurring Due To Bird Flu
- Increasing Per Capita Disposable Income of People in Emerging Countries
- Increasing Government Support for Poultry Business
- Poultry Industry Facing Social Unacceptance in Some Regions
In Poultry Processing Market, it has been observed that most of the companies are upgrading or introducing innovative services. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share.
Some of the key players profiled in the report are Beck’s Meat Processing (United States), Tyson Foods Inc. (United States), JBS USA Holdings, Inc. (United States), BRF S.A. (Brazil), Wen’s Food Group Co., Ltd. (China), Charoen Pokphand Foods PCL (Thailand), Perdue Farms Inc. (United States), V H Group (India), Suguna Foods Pvt. Ltd. (India) and Godrej Tyson Foods Ltd. (India). Additionally, following companies can also be profiled that are part of our coverage like Koch Foods (United States), Bachoco (Mexico) and Sanderson Farms, Incorporated (United States). Analyst at AdvanceMarketAnalytics see United States, India Vendors to retain maximum share of Global Poultry Processing market by 2024. Considering Market by Poultry Type, the sub-segment i.e. Chicken Meat will boost the Poultry Processing market.
In 2018, Tyson Foods, Inc. completed the acquisition of the poultry rendering and blending assets of Cumming, Ga.-based American Proteins, Inc. and AMPRO Products, Inc. This acquisition amounted to approximately USD 850 million. This acquisition will enable Tyson Foods to expand its presence in the animal feed ingredient business.
In October 2019, BRF S.A. to invest around USD 120 million in Saudi chicken processing plant. This plant is estimated to output around 50,000 tons per year for the Saudi market including its neighboring countries. This expansion will further strengthen the company’s position in the Middle East region.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Poultry Processing market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Poultry Processing market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Restaurants and Food Manufacturers, Raw Material Suppliers, Poultry Farms, Agriculture Institutes, Poultry Processing Suppliers, Research institutes and organizations and Government Bodies, Venture Capitalists, and Private Equity Firms.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.