This briefing examines how the chicken commodity performs globally and in the largest countries in terms of supply and consumption. The report also provides data and analysis on chicken price dynamics, key meat-consuming industries, and exports and imports for countries with the largest markets for meat and meat products consumption.
This report comes in PPT.
Over the long term, robust growth in poultry demand will be supported by its affordability, versatility, high nutritional value and better dietary properties. Moreover, in developed markets, consumers are increasingly replacing their red meat intake with poultry due to the environmental impact of cattle farming. According to the OECD-FAO Agricultural Outlook 2022-2031, poultry output is forecast to grow by 16% and account for 47% of total meat protein consumed globally by 2031.
Strong population growth, rapid urbanisation and an expanding middle-income class in developing countries, particularly in Asia, are expected to provide a substantial boost to animal protein consumption. In response to higher demand for inexpensive meat products, the poultry sector in these markets is expected to witness strong expansion of flocks, intensification of production and the development of vertical integration.
Although the prices of chicken are forecast to peak mid-2022, inflationary pressures are likely to persist over 2022 and beyond. Spiralling operational costs, solid demand and tightening supply are the major drivers of growing poultry prices. Despite strong growth, chicken is set to remain less expensive than red meat alternatives, especially beef and lamb, as well as other types of poultry.
Sustainability of meat production has been of rising importance, especially in high-income countries, with consumers increasingly looking for eco-friendly, humanely-raised, locally-sourced and organic produce. Despite being considered a more environment-friendly protein option, poultry producers are still facing increasing pressures regarding animal welfare, as well as slow-growth, non-GMO, antibiotic- and hormone-free production.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!