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

 BROILER FARMS MARKET REPORT OVERVIEW

The global broiler farms market size was USD 170.4 million in 2023 and the market is projected to touch USD 419.92 million by 2032, exhibiting a CAGR of 9.3% during the forecast period.

Broiler farms, which focus in rising chickens precisely for meat production, have become a vital constituent of the universal food supply chain. These farms use modern breeding methods, progressive feed formulations, and effective management practices to produce chickens that range market weight in a comparatively short period, normally 6-8 weeks. The growing universal population and growing customer liking for high-protein, low-fat diets are motivating the demand for poultry meat. This trend is mainly robust in developing regions where meat intake is on the rise. Improvements in poultry farming technology, comprising automated feeding systems, temperature control, and ailment management, have considerably enhanced farm productivity. Governments are proposing subsidies and support plans for poultry farmers to enhance production.

Participants are fixing their efforts on encouraging R&D. Technological development are supporting the regional market growth. Companies need to stay updated with varying market trends and develop products that meet rising consumer needs. Companies coming up with advanced technological solutions for firming their positions.

COVID-19 Impact:  Pandemic Hampered The Market Due To Unexpected Disruption In The Sector

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

COVID- 19 pandemic has tremendously affected the complete 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.

BROILER FARMS MARKET SEGMENTATION

• By Type Analysis

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

Fresh will capture the maximum market share through forecast period.  

• Lead-acid battery: Fresh broiler meat is sold in its natural state without being frozen.
• Lithium ion battery: Frozen broiler meat is processed and stored at low temperatures to extend its shelf life.

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 retail will dominate the market share during forecast period.

• Retail: The retail sector embraces superstores, hypermarkets, and local grocery stores where broiler meat is sold directly to consumers.
• Catering Services: Catering services, comprising restaurants, hotels, and fast-food chains, are key customers of broiler meat.
• Processing Food Plants: Processing food plants use broiler meat as a raw material to produce various processed food products.

DRIVING FACTORS

"Increasing Consumer Trends Favouring Chicken Over Red Meat To Boost The Market Growth"

Health concerns associated to the intake of red meat have led to a shift towards poultry, which is supposed as a healthier alternative. This shift is fuelling the development of the broiler farms market, as chicken turn into a more prominent part of the universal diet.

"Technological Advancement and Innovation To Upsurge The Market"

Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the broiler farms market growth. Growing investment in research and development activities and growing awareness about benefits are expected to deliver profitable opportunities for the market. Technological improvements such as automation and data analytics are being implemented to augment farm management and increase exactness and productivity in broiler farming processes.

RESTRAINING FACTOR

"Environmental Concerns and Regulatory Pressures To Hamper The Market Growth"

Broiler farming is frequently criticized for its ecological influence, comprising issues associated to waste management, water usage, and greenhouse gas discharges. Growing regulatory pressures intended at modifying these ecological impacts can stance challenges for the industry.

BROILER FARMS MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East and Africa.

"North America to Dominate the Region Due To Innovative Technology"

North America is further expected to witness growth in the broiler farms market share. The region is dominating the market due to innovative technology, and strong consumer demand for poultry. 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. The collective efforts of these major players expressively impact the competitive landscape and future path of the market.

List Of Market Players Profiled

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

INDUSTRIAL DEVELOPMENT

May 2023:  Tyson Foods announced the company and individual plants received 80 awards from the North American Meat Institute (NAMI). The global protein leader received the Community Wellness Award, for its leadership in fighting hunger and food insecurity through protein donations to regional food banks and community pantry partners across the nation.

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.