Gobbled up: The price of poultry meat is projected to rise slightly, enabling industry revenue to growAbstractChicken & Turkey Meat Production in the US
Similar to most of the agricultural sector, the Chicken and Turkey Meat Production industry exhibits a high degree of volatility. Fortunately for poultry farmers, positive trends in demand-side variables and near-constant demand from poultry processors have helped offset industry declines over the five years to 2017. Increased demand for chicken as a substitute for other meats has also helped drive growth. Over the five years to 2022, conditions for the industry are expected to remain relatively consistent. Per capita poultry consumption is on the rise, albeit at a slow rate, suggesting that demand for industry products will rise. However, competition between poultry farmers and other livestock producers is expected to increase as demand from downstream meat processors is projected to rise.
This industry includes farms that raise chickens and turkeys for meat production. Downstream meat processors and food producers supply farmers with chicks, feed and payment, according to contractual agreements. Farmers provide growing facilities, animal care and agricultural expertise. Revenue is recorded in the final prices that farmers receive per average weight of a live animal. This industry excludes chicken egg production, poultry hatcheries and other poultry production.
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.