Poultry Market Excellent Growth 2021 Top Key Players

 


Poultry are domesticated birds such as for instance chicken, duck, turkey, and geese, which provide food and fiber. Poultry market is likely to witness significant growth on the forecast period, owing to increasing global population and purchasing power of people. For example, in line with the World Bank, the global population was 7.6 billion in December 2017, and is expected to achieve 11.8 billion by 2021.


The global Poultry Market was valued at US$ 267,332.3 Mn in 2018, and is likely to exhibit a CAGR of 3.0%, when it comes to revenue, on the forecast period (2019-2027), to achieve US$ 347,265.8 Mn by 2027.

Among regions, Asia Pacific accounted for the greatest revenue share of 27.3% in the global poultry market in 2018, and is likely to witness significant growth on the forecast period, owing to rising poultry consumption in countries such as for instance China, India, Malaysia, and Australia. For example, in line with the Food & Agricultural Organization (FAO), the per capita consumption of poultry products pegged at 48.7 kg and 44.1 kg in Malaysia and Australia respectively, in 2018. These factors are expected to drive demand for poultry in Asia Pacific throughout the forecast period (2019-2027).


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