Poultry & Egg Production
Description
Brief Excerpt from Industry Overview Chapter:
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 consumption is forecast to reach 2.5% to 3% in 2024, according to the latest animal protein report by RaboResearch. The countries with highest poultry consumption include China, the US, Brazil, Russia, and Mexico, according to World Population Review. Demand is growing due to an increasing population, higher incomes, and urbanization.
The US poultry and egg production industry includes about 168,000 farms. US farmers sold about $76.5 billion of poultry and eggs during 2022, according to the USDA Census of Agriculture.
The industry doesn't include slaughter, processing, or packing operations. Poultry processing is covered in the Poultry Product Manufacturing profile.
Table of Contents
- Industry Overview
- Quarterly Industry Update
- Business Challenges
- Business Trends
- Industry Opportunities
- Call Preparation Questions
- Financial Information
- Industry Forecast
- Web Links and Acronyms
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