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    Poultry Product Manufacturing Industry Profile

    Report Page Length: 10-12
    Last Quarterly Update: 5/24/2021
    SIC Codes: 2015
    NAICS Codes: 311615
    Chapters Include:
    Industry Overview Trends & Challenges Industry Forecast
    Quarterly Industry Update Call Prep Questions Website & Media Links
    Business Challenges Financial Information Glossary & Acronyms
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    Excerpt from Poultry Product Manufacturing Industry Profile

    Companies in this industry slaughter and process poultry and small game. Major companies include US-based Koch Foods, Perdue, Pilgrim's Pride (owned by Brazil-based JBS), Sanderson Farms, and Tyson Foods; as well as Brazilian firms BRF and Copacol, Charoen Pokphand Foods (Thailand), Industrias Bachoco (Mexico), and New Hope Liuhe (China).

    World population growth and rising demand for protein drive revenue for the poultry industry. Global output of poultry meat is more than 120 million metric tons per year, according to the UN Food and Agriculture Organization. The US, China, and Brazil are the largest producers.

    The US poultry product manufacturing industry includes about 520 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $70 billion.

    COMPETITIVE LANDSCAPE

    Demand is driven by domestic meat consumption trends and export markets. The profitability of individual companies depends on efficient production and distribution. Big companies have economies of scale in production and distribution. Small companies can compete successfully by targeting regional markets or by producing specialized products. The US industry is highly concentrated: the 50 largest companies account for more than 90% of revenue.

    Export sales are a significant source of revenue for some US processors. Unlike the US market, which values mainly the white meat of chickens, many export markets value mainly dark meat. Exports of poultry products, mainly to Mexico, Hong Kong, and Canada, account for about 7% of US production. Imports, ...

     
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