Chicken & Turkey Meat Production in the US - Market Research Report (2014-2029)

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.