APAC Poultry Market Size

APAC Poultry Market Analysis

The Asia Pacific Poultry Market is projected to register a CAGR of 7.8% over the next five years.

Asia Pacific is expected to witness substantial growth in the poultry products market. With the increasing popularity of poultry meat, rapid urbanization, and rising disposable income, the demand for poultry has witnessed significant growth across developing countries of the Asia Pacific region. Furthermore, the poultry industry plays a crucial role in and fastest-growing agriculture sector in achieving food security, higher incomes, and farmers' welfare. Advancements in breeding technologies and a growing share of cold storage and transport facility farmers have further evolved the poultry industry in the Asia Pacific region. In the Asia-Pacific region, China and India's countries hold a significant share of the poultry market, rapid world's According to the National Action Plan for Egg and Poultry 2022 prepared by the Department of Animal Husbandry, more than 80% of poultry output, particularly in the broiler segment, is produced by organized commercial farms, Major poultry companies have vertically integrated operations which comprise poultry meat production.

The rising consumer health consciousness, coupled with the escalating inclination towards protein-rich food products, is primarily driving the poultry market in the region. Additionally, the increasing exposure to global cuisines, changing consumer food habits, and growing adoption of an eggetarian diet propel the demand for chicken meat and eggs. Furthermore, improving consumer living standards and elevating preferences for healthy lifestyles are significant growth-inducing factors. Apart from this, the launch of numerous initiatives undertaken by the government to encourage poultry farming in the country is also bolstering the market growth. Although there is an increasing demand for poultry products, the increasing vegan trend might impact the market growth in the future.