$49.7bn
$X.Xbn
49,838
32,130
$XXX.Xm
Positive trends in demand variables and near-constant demand from poultry processors, along with a recovery in the price of poultry meat in 2021 and 2022, have led to rising industry revenue over the five years to 2024. Additionally, increased demand for chicken as a substitute for other meats, particularly red meat, helped limit revenue declines amid the COVID-19 pandemic. In addition, increasing health consciousness among US consumers has boosted consumption of white meat in general. A rising price of feed from a low prior to the period has also driven growth. As feed is the largest input cost for meat producers, the price of feed is directly tied to the price of meat, including poultry and substitutes, such as beef and pork. This rise has aided industry revenue growth. Industry revenue has increased at a CAGR of 4.8% to $49.7 billion in 2024.
Industry revenue has grown at a CAGR of 4.8 % over the past five years, to reach an estimated $49.7bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Tyson Foods, Inc. | 14,963.8 | -115.3 | -0.8 |
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Industry revenue is measured across several distinct product and services lines, including Large broiler chickens, Small broiler chickens and Organic operations. Large broiler chickens is the largest segment of the Chicken & Turkey Meat Production in the US.
Large and small broiler chickens
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.
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NAICS 112320 - Chicken & Turkey Meat Production in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Demand for chicken and turkey meat has remained steady. Even during the COVID-19 pandemic, consumers sought the same amount of poultry but from different sources. Although so...
Learn about an industry's products and services, markets and trends in international trade.
Most of the industry’s revenue comes from broilers. These are large birds predominantly raised for meat.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Most industry locations are in the Southeast region. Proximity to processors, availability of land and labor and history have led to this concentration.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Price points can differentiate poultry products. Farmers that successfully manage operating costs can offer competitive market prices. Retailers typically enter into supply c...
Learn about the performance of the top companies in the industry.
Tyson Foods leads the chicken and turkey farming industry. The Arkansas-based company has a robust network of poultry farms.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Volatile production leads to volatile revenue. Animal health issues, feed costs, demand for substitute meats and weather patterns all contribute to uncertainty for farmers.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Wages represent a decreasing share of revenue. This is because of automation investments in production facilities. Chicken feed systems, vaccination machines and automated fe...
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Chicken & Turkey Meat Production in the US industry in United States is $49.7bn in 2024.
There are 32,130 businesses in the Chicken & Turkey Meat Production in the US industry in United States, which has declined at a CAGR of 5.5 % between 2019 and 2024.
The market size of the Chicken & Turkey Meat Production in the US industry in United States has been growing at a CAGR of 4.8 % between 2019 and 2024.
Over the next five years, the Chicken & Turkey Meat Production in the US industry in United States is expected to grow.
The biggest company operating in the Chicken & Turkey Meat Production market in United States is Tyson Foods, Inc.
Chicken production (except egg laying) and Broiler chicken production are part of the Chicken & Turkey Meat Production in the US industry.
The company holding the most market share in United States is Tyson Foods, Inc..
The level of competition is high and steady in the Chicken & Turkey Meat Production in the US industry in United States.