Categories: Food & Beverages

Organic Poultry Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Organic Poultry by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Organic Poultry, The organic poultry market size has grown strongly in recent years. It will grow from $8.44 billion in 2023 to $8.86 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to low interest rates, rise in disposable income, increased demand for quality and sustainability, slow-growing chickens and the environment and emerging markets growth.

The organic poultry market size is expected to see steady growth in the next few years. It will grow to $10.54 billion in 2028 at a compound annual growth rate (CAGR) of 4.4%. The growth in the forecast period can be attributed to technological developments, stringent political restraints and increased awareness about the health benefits. Major trends in the forecast period include making and investing in new ready-to-eat variants of organic poultry products to increase their portfolio of products and meet the increased demand and remain competitive, integrating 3d imaging systems to optimize their processes and boost revenues, investing in solutions based on big data and predictive analysis to increase their revenues, investing in robotics technology to enhance management of farms and to enhance productivity, investing in virtual reality to increase the efficiency of farms, and offering online delivery services to increase revenues and their share in the market.

Consumer awareness about the health benefits of organic food, including organic poultry, has seen a significant increase and is driving the organic poultry market in a positive direction. Organic poultry is rich in vitamins and omega-3 fatty acids and offers high nutritional value. Thus, more awareness of the health benefits of organic food, including organic poultry, among consumers increases the demand for organic poultry. According to the U.S. Department of Agriculture (USDA), the total sales of organic boilers in the USA were more than $749 million, followed by $83 million in sales of organic turkey. Also, more than 19.5 million organic broilers and 15.7 million organic layers were raised in the USA. With an increase in consumer awareness of organic food. there is a developing potential that would drive the growth of the organic poultry market.

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The organic poultry market covered in this report is segmented –

1) By Product Type: Eggs, Meat

2) By Processing Type: Fresh, Frozen, Processed

3) By Distribution Channel: Supermarkets, Specialty Stores, Online Sales, Others

4) By End User: Households, Food Services

To meet the ever-increasing need for improved and more efficient organic poultry services, companies operating in the organic poultry market are rapidly adopting new market dynamics and focusing primarily on enhancing technologies to address the rising demand for safe and improved poultry services. For instance, in February 2021, Bell and Evans, a US-based provider of premium chicken partnered with Cargill, a US-based food and beverage manufacturing company, to secure the organic grain completely and enhance domestic organic grain supply. Through this, Cargill would incentivize US farmers to switch from conventional to organic management through subsidised organic crop advisory services offered by organic pioneer Rodale Institute under the terms of the agreement. Since the beginning of its organic programme, Bell & Evans has been committed to sourcing 100% U.S. organic grains for its organic chicken feed.

The organic poultry market report table of contents includes: