Companies in this industry breed, hatch, and raise poultry for meat or egg production. Major companies include Perdue Farms, Koch Foods, and Tyson (all based in the US) as well as JBS and BRF (Brazil), Charoen Pokphand Foods (Thailand), Guangdong Wen's Food Group and New Hope Group (China), and Industrias Bachoco (Mexico).
Demand is driven by food prices and consumption trends. The profitability of individual farms depends on efficient operations and anticipating market demand. Large companies have advantages in vertically integrated operations and economies of scale. Small operations can compete effectively by specializing in certain breeds, supplying local markets, or raising humanely treated or hormone-free animals. The US industry is concentrated: the top 14% of companies account for about 75% of revenue.
Products, Operations & Technology
Farms and ranches in the industry produce chickens (67% of industry value of production), turkeys (16%), and eggs (17% of revenue). Companies typically raise poultry for slaughter or for egg production, though some farms are dedicated hatcheries. Others focus on duck, ostrich, emu, pheasant, geese, or quail production.