Poultry farming is a major industry worldwide, generating billions of dollars in revenue each year. The industry is shaped by trends such as growing demand for organic and free-range products, increased interest in plant-based protein, and ongoing challenges posed by disease outbreaks. As these trends continue to evolve, it will be important for companies in the poultry industry to adapt and innovate to stay competitive in the global market. The industry is divided into several sectors, including broiler production, egg production, and turkey production.
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Broiler Production:
The broiler production sector is the largest of the three, accounting for the majority of revenue generated by the poultry industry. Broiler production involves raising chickens for their meat, which is used in a wide range of food products such as chicken nuggets, fried chicken, and deli meats. The majority of broiler production occurs in developed countries, such as the United States and the European Union, but it is also a significant industry in developing countries like Brazil and China.
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Egg Production:
Egg production is the second largest sector of the poultry industry, with eggs being a major source of protein for people around the world. In addition to being used for human consumption, eggs are also used in the production of many processed food products, such as mayonnaise and cakes. Egg production is widely distributed around the globe, with significant production occurring in countries like the United States, China, and India.
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Turkey Production:
Turkey’s production is the third major sector of the poultry industry. Turkey meat is popular in many countries, particularly in the United States and European Union, where it is traditionally consumed during the holiday season. Turkey’s production is also significant in countries like Canada, Brazil, and France.
The demand for Poultry Products:
One of the major trends shaping the poultry industry in recent years is the growing demand for organic and free-range products. Consumers are increasingly concerned about the welfare of animals raised for food and are willing to pay a premium for products that meet their ethical standards. This trend is particularly evident in developed countries like the United States and European Union, but it is also increasingly being seen in developing countries like China and Brazil.
Another trend that is having a significant impact on the poultry industry is the increasing demand for plant-based protein. With more and more consumers looking for meat alternatives, companies are investing in the development of new plant-based products to meet this demand. This trend is also pushing companies in the poultry industry to focus on developing more sustainable and humane farming practices to appeal to consumers who are interested in animal welfare and environmentally friendly food production.
Revenue of Poultry Farming:
Poultry farming is a big business worldwide. The revenue generated by the poultry industry comes from the sale of meat and eggs, as well as from by-products such as feathers and manure, which can be used as fertilizer. In addition to revenue generated by the sale of poultry products, the industry also generates revenue through the sale of feed, equipment, and other inputs used in the production process. with the global poultry industry generating revenue of over $250 billion in 2019. In 2020, the revenue of poultry farming was $ 310.7 billion, in 2021 it was $318.58 billion and last year in 2022, the revenue of poultry farming was about $352.02 billion and still, its revenue is increasing day by day.
