Chicken & Turkey Meat Production in Canada
As with most other industries under the supply management system, the Chicken and Turkey Meat Production industry in Canada exhibits a low degree of volatility. Fortunately for farmers, effective supply management has helped offset dips in revenue. The industry's revenue growth is expected to be relatively steady over the five years to 2019, with profit rising as feed costs diminish. Over the five years to 2024, poultry farmers will continue to experience positive growth, albeit at a slightly slower pace than during the previous five-year period. Poultry consumption is expected to continue to become more popular at the expense of red meats, including beef, and thus, per capita poultry consumption is forecast to rise over the five years to 2024.
This industry is composed of farms that raise chicken broilers, hens and turkeys for meat production. Most farmers are contracted suppliers for particular processors; however, because the industry operates under a supply management system, processors are required to pay producers a regulated price for their poultry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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