Poultry Market , Distribution Channel - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018 - 2026
The group of domesticated birds such as chicken, geese, and ducks is referred as poultry, which provide food and fiber. Poultry industry is rising continuously, owing to an increasing population and their purchasing power, which is fueling the growth of poultry market. According to the World Bank, the world population was 7.6 billion in December 2017 and is expected to reach 11.8 billion by 2100. Furthermore, poultry is most preferred form of meat and it is relatively less expensive, which in turn is driving the growth of poultry market. Poultry is the most widely consumed type of meat coupled with eggs worldwide. It is a rich source of protein. However, high prevalence of diseases such as avian influenza, fowl cholera, infectious bursal disease, and others due to production of poultry in Europe and Asia Pacific region is one of the factor hindering the growth of poultry market. Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/1230 Among species type segment, chicken accounted for the largest market share in terms of revenue, owing to increasing consumption of chicken due to its nutritional benefits as compared with other meat such as lamb and beef, which have low iron content. According to the Australian Chicken Meat Federation (ACMF), the global demand for chicken meat is expected to increase over 400 MT (million tons) by 2030. Furthermore, chicken is the cheapest of all domestic livestock meat, which increases its demand in low income economies such as Africa. Poultry -Market Outlook: North America has the largest poultry market, followed by Europe and Asia Pacific. This is attributed to increasing demand for the poultry product, leading to rising poultry production in this region. According to United States International Trade Commission, in 2012, nearly 9.2 billion broiler chicks and poults were hatched for production of meat in the U.S. The U.S. is the largest consumer for chicken poultry meat and per capita consumption in America was 84 billion pounds during 2012. Furthermore, increasing awareness among consumers that poultry is an easier protein as a complement to a wide range of vegetables, fuels the growth of poultry market growth in North America.