GITNUX MARKETDATA REPORT 2024
Must-Know Poultry Industry Statistics [Latest Report]
With sources from: grandviewresearch.com, usda.gov, fas.usda.gov, nationalchickencouncil.org and many more
In this post, we explore key statistics and trends in the poultry industry, shedding light on the significant economic impact, production figures, and global consumption patterns that characterize this vital sector. From the soaring market values and production volumes to the shifting dynamics of top-producing countries and emerging market trends, the poultry industry stands as a cornerstone of the global food supply chain. Let’s dive into the numbers that define this dynamic and ever-evolving industry.
Statistic 1
"Global poultry trade is projected to increase by 2% annually over the next decade."
Statistic 2
"Roughly 70 million tons of poultry meat were produced globally in 2020."
Statistic 3
"China is the world's largest producer of chicken meat, accounting for over 20% of global production."
Statistic 4
"The European Union is the second-largest producer of poultry meat, representing about 13% of global production."
Statistic 5
"In 2020, the United States produced over 9 billion broiler chickens."
Statistic 6
"Approximately 1.4 million people are employed in the U.S. poultry industry."
Statistic 7
"The global poultry market size was valued at USD 320.25 billion in 2020."
Statistic 8
"The global broiler market is expected to grow at a CAGR of 4.7% from 2021 to 2028."
Statistic 9
"The poultry feed market is expected to grow at a CAGR of 4.1% from 2021 to 2026."
Statistic 10
"Brazil is the largest exporter of poultry meat, accounting for about 30% of global exports."
Statistic 11
"The U.S. exports nearly 20% of its poultry production annually."
Statistic 12
"The global poultry processing equipment market size was valued at USD 3.60 billion in 2020."
Statistic 13
"The U.S. egg production reached approximately 109 billion eggs in 2020."
Statistic 14
"The poultry industry contributes approximately $495 billion to the U.S. economy annually."
Statistic 15
"India’s poultry meat production is growing at a rate of 7-8% per year."
Statistic 16
"The average American consumes about 97 pounds of chicken per year."
Statistic 17
"The annual per capita poultry consumption in the EU is about 24.1 kilograms."
Statistic 18
"Asia-Pacific is the fastest-growing region in the poultry industry, with India and China leading the growth."
Statistic 19
"More than 90% of broilers in the U.S. are produced by independent farmers working under contract with integrated chicken companies."
Statistic 20
"The Brazil poultry market is projected to reach USD 27.2 billion by 2025."
Interpretation
The statistics on the poultry industry present a comprehensive overview of its global significance and impact. With a substantial valuation, substantial contributions to meat production and protein consumption, and key players like Brazil and the United States leading in production and export, the industry remains a crucial pillar in the food sector. Moreover, trends such as increasing poultry population in countries like India, shifting towards reduced antibiotic use, and the projected growth in broiler meat production indicate a dynamic landscape that demands attention to sustainability, innovation, and workforce wellbeing to sustain its growth and meet global demands effectively.
Jannik Lindner
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