Chicken is one of the most popular foods worldwide and one of the most widely spread birds on Earth. In this report, we present the most productive countries as well as consumption volumes.
1- The Economic Importance of the Global Chicken Meat Market
The global chicken population reached over 34.4 billion chickens in 2023, averaging 4 chickens per person, according to the World Animal Foundation, marking an increase from 14.4 billion chickens in 2000.
In 2023, the United States alone produced approximately 21 million metric tons of broiler chicken, making it the world's largest producer of chicken meat. Brazil followed in second place with 14.9 million metric tons of broiler chicken the same year, according to Statista.
The chicken industry holds significant economic importance globally, providing a stable investment that offers high-quality animal protein at reasonable prices, as well as job opportunities and income for small farm owners.
The poultry industry plays a vital role in ensuring global food security and meeting consumer demand for high-quality food products.
2- The Size of the Global Chicken Meat Market
The global chicken meat market has rapidly expanded over the past thirty years, reaching a value of $312.1 billion in 2022, as reported by Poultry Producer.
The global poultry market size increased to $360.5 billion in 2023, expected to reach $385.4 billion in 2024 with a compound annual growth rate of 6.9%. It is projected to reach $487.39 billion in 2027 with a compound annual growth rate of 6.5%, according to a recent report on the global poultry market by Research and Markets.
Historical growth in the poultry meat products market can be attributed to:
Strong economic expansion in emerging markets.
Increased meat consumption worldwide.
Greater awareness of the health benefits of chicken meat.
Available income.
This expansion has been accompanied by significant advancements in automated systems in poultry farming methods, as well as the innovation of new varieties through genetic engineering, allowing for higher productivity than before.
Despite the overall increase in meat consumption in terms of absolute and per capita quantity, chicken meat production and consumption have been the most efficient and widespread among meat types due to lower production costs and prices compared to others, leading to increased global consumption of chicken meat.
3- Global Chicken Meat Consumption
The United States is the country with the highest chicken consumption rate globally, with per capita chicken meat consumption reaching about 96.9 pounds in 2022, increasing annually since 2010 according to Statista.
source: nabd.com