Poultry Products Market Predicted to Soar with a CAGR of 4.7% by 2030, Unveils MarkWide Research Report
According to a new report published by MarkWide Research, titled, “Poultry Products Market: Trends, Analysis, and Forecast till 2030,” the global poultry products market is poised for substantial growth in the foreseeable future. The report offers comprehensive insights into the market dynamics, trends, challenges, and opportunities that are shaping the poultry industry.
Poultry products, encompassing a wide range of items such as chicken, turkey, eggs, and processed poultry products, play a crucial role in the global food industry. With a growing population, increasing urbanization, and changing dietary preferences, the demand for poultry products has witnessed steady growth. Poultry is recognized for its nutritional value, affordability, and versatility in culinary applications.
The report highlights that the global poultry products market was valued at $257 billion in 2022 and is projected to reach a market size of $390.6 billion by 2030, exhibiting a promising CAGR of 4.7% during the forecast period.
Key Insights from the Report:
- Rising Protein Consumption: The global rise in demand for protein-rich diets is driving the consumption of poultry products. Poultry is a lean source of high-quality protein, making it a preferred choice for health-conscious consumers.
- Growing Preference for Convenience Foods: The increasing demand for convenient and ready-to-eat food options is boosting the consumption of processed poultry products. These products cater to consumers’ busy lifestyles and desire for quick meal solutions.
- Diversification of Poultry Offerings: Manufacturers are introducing innovative and value-added poultry products to cater to diverse consumer preferences. Organic, antibiotic-free, and ethically raised poultry products are gaining popularity among health-conscious and environmentally conscious consumers.
- Emerging Markets on the Horizon: Developing regions, particularly in Asia-Pacific and Latin America, are experiencing rapid urbanization and improving disposable incomes. This shift is driving the demand for poultry products as a primary source of affordable protein.
- Food Safety and Quality Assurance: Stringent food safety regulations and increasing consumer awareness are compelling poultry producers to maintain high standards of quality and safety throughout the supply chain.
In Conclusion:
The global poultry products market is on the path of robust growth, driven by factors such as increasing protein consumption, changing dietary preferences, and the rise of convenience foods. With a projected CAGR of 4.7% from 2023 to 2030, investing in the poultry products market presents promising opportunities for stakeholders in the food and agriculture sectors.
MarkWide Research’s comprehensive report, “Poultry Products Market: Trends, Analysis, and Forecast till 2030,” provides detailed insights into market trends, growth drivers, challenges, and opportunities. The projected market size of $390.6 billion by 2030 underscores the potential for substantial returns on investments in the poultry products market.
For a comprehensive understanding of the global poultry products market landscape, refer to the complete report, “Poultry Products Market: Trends, Analysis, and Forecast till 2030,” now available from MarkWide Research.