The global turkey industry has been falling since last year, but there is still a way up

Published 2024년 12월 4일

Tridge summary

The turkey meat sector in Hungary and Europe is experiencing a decline despite high demand. The number of turkeys sent to slaughterhouses and the population of turkeys have decreased, with only a slight increase in eggs placed in hatchers and a decrease in hatched turkeys. However, with global meat consumption on the rise, particularly poultry meat, the turkey sector has positive growth prospects. In Hungary, the turkey association is focusing on increasing efficiency, sustainability, and animal welfare, and is looking to export to South-East Asian markets and Muslim countries as a potential growth strategy.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Not only in our country, but also in Europe, North Africa and the Russians, there is a marked downward trend in the turkey sector. However, the demand for turkey meat is high, and there is room for growth in the sector. Domestic turkey slaughter data (in the first 3 quarters of this year) do not show a significant increase compared to the same period last year. According to the summary of the Institute of Agricultural Economics, the 3.8 million animals sent to slaughterhouses are only 1.1% more than by the fall of 2023, but the share of the turkey segment is only 2% within the poultry sector. It is already clear from the KSH data that the turkey population has been continuously decreasing in recent years. Their number was nearly 2 million in December 2023, which, however, represents a significant 21% decrease compared to December 2022. Like the other poultry farms, the number of turkey farms also decreased, by a very large 31%. The number of 8.7 million turkey eggs placed in ...
Source: Agraragazat

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.