Global Chicken Meat Market is expected to expand with a nominal CAGR of 0.96% during 2021-2027

According to Renub Research report titled, “Global Chicken Market, Size, Share, Forecast 2022-2027, Industry Trends, Growth, Impact of COVID-19, Opportunity Company Analysis” The Worldwide Chicken Market Size was USD 196.02 Billion. The chicken market has increased, consolidation, and globalized in multiple countries of all income levels, mainly owing to strong demand. The major producers are likely to achieve significant advances, with the United States, Brazil, and China leading the way. Globally, the chicken industry is most dynamic and adaptable in the worldwide livestock market. Furthermore, the chicken, which was formerly considered a unique treat, is today the most devoured animal on the planet. The chicken meat industry plays a vital role in nutrition and is the fastest-growing agricultural sub-sector, particularly in emerging countries.

Global Chicken Market to Reach USD 207.67 Billion by 2027

The Chicken Market will grow at a nominal growth rate:

The chicken industry is one of the most competitive markets in the world, and it is presently mature. Besides, consumer awareness of animal-rich protein has increased significantly in the last few years. Moreover, chicken meat is becoming increasingly popular among people in both developed and developing countries, and it is expected that this trend will continue in the future years. As a result, the market has been growing nominally with considerable growth rates over the last few years, anticipating to increase significantly in the forecast period, i.e., 2021-2027. Furthermore, many companies are generating clean meat in laboratories employing cell technology, which avoids the use of animal slaughter. As per our analysis, during 2021-2027, the Global Chicken Market market is predicted to grow at a CAGR of 0.96%.

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China, the United States, and Brazil are the Largest Producers of Chicken:

Over the period of time, global chicken production has seen upsurge records in various countries such as European Union, Russia, China, Brazil, India, Argentina, Turkey, Columbia, Mexico, Thailand, and the United States. As per our report, the United States, Brazil, China are the leading chicken producers worldwide. Several companies and manufacturers worldwide have taken steps to introduce cell-based chicken meat, which is gaining popularity in the market. For instance, as published on March 1, 2021, in CNBC, Eat Just, a multibillion-dollar company, is selling lab-grown chicken worldwide. Aside from that, the nutritional benefits of chicken meat products are well-known around the world.

China, Thailand, and the European Union have Significant Consumption Markets:

In our report, we have analyzed the consumption market of chicken in Brazil, China, the European Union, India, Russia, Mexico, Thailand, Argentina, Columbia, Turkey, and the United States. Remarkably, the United States, China, and Brazil are the leading chicken-consuming countries in the world. Moreover, we have accessed that China had the most impressive consumption growth rate in terms of poultry consumption per capita among the leading consumer countries. In contrast, other global leaders’ poultry consumption per capita grew considerably slower.

Importing and Exporting Countries of the Chicken:

We have covered Mexico, Japan, China, European Union, Saudi Arabia, United Arab Emirates, South Africa, Iraq, the Philippines, and United Kingdom. As per our analysis, Japan, Mexico, and United Kingdom are the major importing countries. Further based on our report, we have analyzed the export market of the European Union, Brazil, Ukraine, Thailand, China, Turkey, Belarus, Argentina, Russia, and the United States. Remarkably, Brazil, the United States, and European Union are the leading exporters.

Key Players

Our report includes JBS S.A., Tyson Foods, Pilgrim’s Pride Corporation, Danish Crown Group, Vion Food Group, WH group, Hormel Foods Corporation, Muyuan Foods, among the key market players. Further, our analysis includes a business overview, sales analysis, and recent development of the companies.

COVID-19 Impact on the Global Chicken Industry

During the pandemic, chicken sales in the first few months were regularly declining as rumors spread that COVID-19 could be transmitted through meat consumption. However, as per our analysis, the chicken market will rebound in the forecast period, i.e., 2021-2027. Production and transportation disruptions, dwindling consumer demand, and fluctuating markets wreaked havoc on farm finances, forcing many to close permanently. The distribution of chicken and poultry products was hampered by market risks such as value chain fragmentation, high intermediation costs, and no or limited traceability. Hence, the global chicken market saw a negative impact during the pandemic.

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Market Summary:

  • Production: We have covered chicken production in China, Brazil, European Union, Russia, India, Mexico, Thailand, Argentina, Turkey, Columbia, United States.
  • Consumption: Our report includes China, Brazil, the European Union, Russia, Mexico, South Africa, Japan, Argentina, the United Kingdom, Thailand, and the United States as consuming countries of the global chicken market.
  • Import: In our report, we have covered Japan, Mexico, China, European Union, United Arab Emirates, Saudi Arabia, Iraq, South Africa, the Philippines, and United Kingdom as importing countries.
  • Export: We have covered chicken export in Brazil, European Union, Thailand, Ukraine, China, Turkey, Belarus, Russia, Argentina, and the United States.
  • Key Players: Our report includes companies like JBS S.A., Tyson Foods, Pilgrim’s Pride Corporation, Danish Crown Group, Vion Food Group, Hormel Foods Corporation, WH group Muyuan Foods as key market players in the global chicken industry.

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building, and Construction, & Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis, and forecasting that is essential in today’s ultra-competitive markets.

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Global Chicken Market By Consuming, Import, Export & Forecast to 2026

Renub Research report titled “Global Chicken Market, Forecast By Consuming Country (China, European Union, Brazil, Russia, Mexico, India, Japan, Argentina, Thailand, Philippines, United States, Others), Producing Country (China, Brazil, European Union, Russia, India, Mexico, Thailand, Argentina, Turkey, Colombia, United States, Others), Importing Country (Japan, Mexico, China, European Union, United Arab Emirates, Saudi Arabia, Iraq, Philippines, Hong Kong), Exporting Country (Brazil, European Union, Thailand, Ukraine, China, Turkey, Belarus, Russia, Argentina, United States)”. This report provides an all-encompassing analysis of the key growth drivers and restraining factors, demand, and their projections for the upcoming years.

The chicken industry is one of the most competitive markets, and it is currently in a matured stage globally. Apart from that, the nutritional benefits of chicken meat products are globally known. Many countries across the globe have increased the import and export of chicken meat in recent years, say Japan, Mexico, Saudi Arabia are the leading importers of chicken meat. China is the biggest importer, exporter, producer as well as consumer of all types of meat across the globe. As per our analysis, Global Chicken Market will be a US$ 247 Billion opportunity by 2026.

Besides, by using cell technologies, many companies are developing clean meat in laboratories, which is exempted by the involvement of animal slaughter. Across the globe, numerous companies, as well as manufacturers, have taken initiatives in launching cell-based chicken meat, that itself is giving traction to this market.

COVID-19 affecting the Global Chicken Industry

Pandemic COVID-19 has affected chicken sales in the first few months as the rumours spread that COVID-19 can be caused by eating meat. But according to our research, the chicken market will revive again in the latter part of the year. Read the complete analysis on how coronavirus affects the chicken industry globally.

Factors driving the Chicken Market Globally

In 2018 ASF commonly called “African Swine flu” giving traction to production as well as consumption of the chicken meat, and people are more inclined towards chicken. Other significant factors include the growth of the global chicken market is increasing import and export of poultry meat, development of clean meat.

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Besides, consumer awareness regarding animal rich protein has grown substantially over a couple of years. In the developed countries, the consumers are avoiding high intake of protein-rich diet, owing to its high saturated fat content that leads to numerous health hazards. More and more people from developed and developing nations are reaching to chicken meat, and in the upcoming years, we expect to see that the number increases to a great extent globally.

About Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises of major players in Life Sciences, Information Technology, Telecom, Financial Services (Banking, Insurance), Energy, Retail, Manufacturing, Automotive, and Social sector. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

Also Read: https://www.pressreleasepoint.com/global-chicken-market-consuming-import-export-countries

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