According to Renub Research report titled, “Global Chicken Market, Size, Share, Forecast 2022-2027, Industry Trends, Growth, Impact of COVID-19, Opportunity Company Analysis” The Worldwide Chicken Market Size was USD 196.02 Billion. The chicken market has increased, consolidation, and globalized in multiple countries of all income levels, mainly owing to strong demand. The major producers are likely to achieve significant advances, with the United States, Brazil, and China leading the way. Globally, the chicken industry is most dynamic and adaptable in the worldwide livestock market. Furthermore, the chicken, which was formerly considered a unique treat, is today the most devoured animal on the planet. The chicken meat industry plays a vital role in nutrition and is the fastest-growing agricultural sub-sector, particularly in emerging countries.
The Chicken Market will grow at a nominal growth rate:
The chicken industry is one of the most competitive markets in the world, and it is presently mature. Besides, consumer awareness of animal-rich protein has increased significantly in the last few years. Moreover, chicken meat is becoming increasingly popular among people in both developed and developing countries, and it is expected that this trend will continue in the future years. As a result, the market has been growing nominally with considerable growth rates over the last few years, anticipating to increase significantly in the forecast period, i.e., 2021-2027. Furthermore, many companies are generating clean meat in laboratories employing cell technology, which avoids the use of animal slaughter. As per our analysis, during 2021-2027, the Global Chicken Market market is predicted to grow at a CAGR of 0.96%.