Broiler Farms Market Size, Share, Growth, and Industry Analysis by Type (Fresh, Frozen), by Application (Retail, Catering Services, Processing Food Plants, Others), Regional Insights, and Forecast To 2032

Updated On: 08 April 2024

Report Overview

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The global broiler farms market size was 188620 million in 2022. As per our research, the market is expected to reach USD 321600 million in 2029, exhibiting a CAGR of 9.3% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with broiler farms market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market growth and demand returning to pre-pandemic levels once the pandemic is over. 

A broiler is chicken that is bred and raised specifically for meat production. Most commercial broilers reach slaughter weight between 4-7 weeks of age, although slower growing breeds reach slaughter weight at approximately 14 weeks of age. In the long run, broiler farming is a lucrative business. Broiler farms produce numerous flocks per year. The broiler farms industry is the process by which broiler chickens are nurtured and prepared for meat intake. Broiler farmers work under the regulation of company field experts. Because the broiler farm is the final stage before processing for consumers birds are closely observed for health issues to safeguard a wholesome product. Since the broiler grower doesn’t have constant supervision of company staff, they must pay close attention to bird health and converse back to company staffs and veterinary staff rapidly if they detect any bird health issues. Numerous techniques are used to measure the purebred stock such as birds might be inspected with ultrasound or x-rays to study the shape of muscles and bones. The blood oxygen level is measured to determine cardiovascular health. Broiler farms increase parent stock which produce fertilized eggs. A broiler hatching egg is never sold at stores and is not meant for human consumption. Broilers today has appeared as the one of the firmest growing poultry sector with the increased approval of broiler chicken meat in cities, town, and village. The demand for broiler chicken is increasing day by day in a fast speed. One should be aware and have good knowledge on its technicality. To achieve optimum chick growth and body weight gain in broiler farms it is essential to provide comfortable and growth specific housing or shed area. Participating are fixing their efforts on encouraging R&D. Technological development are supporting the regional market growth. Companies coming up with progressive technological solutions for firming their positions.

COVID-19 Impact:  Pandemic hampered the market due to unexpected disruption in the sector

Covid 19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. Covid 19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.

Latest Trends

"Use of innovative products to boost the market growth "

Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand.

Segmentation

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• By Type Analysis

According to type, the market can be segmented into fresh, frozen.

Fresh capture the maximum market share through forecast period.

• By Application Analysis

According to application, the market can be segmented into retail, catering services, processing food plants, others.

Broiler farms market players cover segment as catering services will dominate the market share during forecast period.

Driving Factors

"Increase in demand in various activities to boost the market growth"

Products based on poultry are becoming progressively well- liked over the world as a they are relatively inexpensive prices and better taste. The demand for white meat is being determined rising by growing worldwide per capita meat consumption. Broiler feed is been forced by the rising population due to which there is high demand and opportunity which will upsurge the broiler farms market growth.

"Growing investment in R&D spending to upsurge the market"

The need for high levels of R&D spending impelled consolidation within the primary breeder industry. Concerns about food safety have boosted the demand for high-quality chicken feed to promise the security of meat. Growing investment in research and development activities and growing awareness about benefits of broiler farms are expected to deliver profitable opportunities for the market. Constant development are one of the trends in the variety of practices.

Restraining Factors

"Cost fluctuations to hamper the market growth"

Cost fluctuation is hampering development of broiler farms market.  Improper feeding causes numerous deficiency diseases which result in poor production performance. High raw material prices and an increasing number of restrictions and regulatory bans will act as market restraints for the growth of the broilers farms. Technical difficulties will reduce the industry revenue.

Regional Insights

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"Asia Pacific to dominate the region due to animal sourced protein "

Asia Pacific is further expected to witness growth in the broiler farms market share. The region is dominating the market due to rising demand for animal obtained protein and knowledge of the nutritional value of chicken meat. The rising inhabitants and increasing income levels are also contributing to the development of the market. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.

Key Industry Players

"Key players focus on partnerships to gain competitive advantage."

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger.

List of Market Players Profiled

• JBS (U.S.)
• Tyson Foods, Inc. (U.S.)
• Cargill (U.S.)
• Sanderson Farms Inc. (U.S.)
• Wens Foodstuff Group (China)

Report Coverage

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.