Poultry & Egg Production Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 12/11/2023
SIC Codes: 0251, 0252, 0253, 0254, 0259
NAICS Codes: 1123
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Poultry & Egg Production Industry Profile

Companies in this industry breed, hatch, and raise poultry for meat or egg production. Major companies include Foster Farms, Perdue Farms, and Tyson Foods (all based in the US) as well as Bachoco (Mexico). BRF and JBS (both based in Brazil), Charoen Pokphand Foods (Thailand), and New Hope Liuhe and Wen's Food Group (both based in China).

The global poultry market is forecast to reach about $420 billion in 2025 at a CAGR of 7%, according to Far Eastern Agriculture. The countries with highest poultry consumption include China, the US, EU and Brazil, according to Index Mundi. Demand is growing due to an increasing population, higher incomes, and urbanization.

The US poultry and egg production industry includes about 165,000 farms, according to the USDA Census of Agriculture. According to the US Poultry & Egg Association, has about $35 billion in government revenue.

The industry doesn't include slaughter, processing, or packing operations. Poultry processing is covered in the Poultry Product Manufacturing profile.

COMPETITIVE LANDSCAPE

Demand is driven by food prices and consumption trends. The profitability of individual farms depends on efficient operations and anticipating market demand. Large companies have advantages in vertically integrated operations and economies of scale. Small operations can compete effectively by specializing in certain breeds, supplying local markets, or raising humanely treated or hormone-free animals.

Because of the products' perishability, international trade in live poultry and eggs is limited. US exports of ...

 
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