Hatchery Market: By Product Type, By Species, By End Use and by Region Forecast 2019-2030

Hatchery Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Equipment, Software, and Consumables), By Species (Poultry, Aquaculture, and Other Livestock), By End Use (Commercial Hatcheries, Small-scale Farms and Research Institutions) and by Region Forecast 2019-2030

The global hatchery market size was valued at US$ XX million in 2023 and is projected to reach US$ XX million by 2030, at a CAGR of XX% from 2024-2030. Moreover, the U.S. Hatchery market is projected to grow significantly, reaching an estimated value of US$ XX million by 2032. 
The market is engaged in egg production and sales primarily for poultry farming. Hatcheries incubate eggs to hatch chicks, which they then sell to poultry farmers for either meat or egg production purposes.
Advancements in hatchery technology have led to improved hatch rates and healthier chicks, making the market more efficient and attractive. However, challenges such as high initial investment costs, technological complexities, and regulatory compliance may impact market expansion.

Key Players 

The Hatchery market share is inclusive of several companies such as Aviagen Group, Hendrix Genetics, Petersime NV, Neogen Corporation, CTB, Inc. (Chore-Time Brock), Pas Reform Hatchery Technologies, Trouw Nutrition, Lindsay Corporation, AKVA Group and so on.

Key Takeaways

•    The fastest-growing region is Asia-Pacific.
•    Based on Product Type, Equipment segment holds the XX% market share
•    Based on Species, the Poultry segment holds the XX% market share
•    Based on End Use, Commercial Hatcheries segment holds the XX% market share

Facts & Figures 

•    Over 67 billion eggs were set in hatcheries worldwide in 2021, providing chicks for meat production and layers for egg production.
•    The global hatchery industry produced over 23 billion chicks in 2020 for poultry meat production.
•    In the U.S., approximately 1.2 billion broiler chicks were hatched each month in 2022, indicating the country's strong demand for poultry meat.
•    Europe’s hatcheries produced over 8 billion broiler chicks in 2021, with France and the Netherlands being the largest contributors.
•    Hatchery mortality rates typically range from 2% to 4%, depending on the species and hatchery conditions as of 2021.

Key Developments

•    In 2021, IB Group collaborated with Royal Pas Reform in developing the multi-site hatchery expansion program in the Indian sub-continent.
Top companies in market
In the market, top key players like Aviagen Group, a hatchery leader specializing in poultry genetics and breeding. It sells day-old grandparent and parent stock chicks to customers in over 130 countries under the Arbor Acres, Indian River, and Ross brand names. Aviagen has always shown commitment to food security, bird welfare, and sustainability. The company recently opened its ninth hatchery in Longview, Texas, as a significant investment in the poultry supply chain. Innovation and research at Aviagen ensured high-quality chicks to meet the demand of the world market for poultry products.

Hatchery Market Segmentation

By Product Type: In the market, the highest market share is seen in the equipment segment. It is an inevitable fact that equipment like incubators, HVACs, and automation tools are completely unavoidable for maintaining the optimal condition of laying eggs with proper conditions to be kept for the hatching eggs and maintenance for the health and productivity of chicks. According to need and demand, the demand for advanced and efficient equipment comes due to improved hatch rates, lower labor costs, and proper hatchery operations.

By Species: In the market, the Poultry segment holds the highest market share. This is because poultry farming, including both broilers (meat chickens) and layers (egg-producing chickens), is one of the most widespread and economically significant forms of animal husbandry globally. The high demand for poultry products, such as meat and eggs, drives the need for efficient and large-scale hatchery operations to ensure a steady supply of chicks.

By End Use: Commercial Hatcheries holds the highest market share in the market. The reason this segment dominates is that commercial hatcheries serve large-scale poultry farms and the food industry that needs very massive and continuous supplies of chicks for large-scale production. Their efficiency and scale of operation allow them to meet this ever-growing global demand for poultry, thus topping the list in that market.

Hatchery Market Summary

Study Period

2024 - 2030

Base Year

2023

CAGR

X%

Largest Market

North America

Fastest Growing Market

Asia pacific

Hatchery Market Dynamics

Drivers

The demand for the hatchery market is initiated by several factors, of which the key reasons are the surging demand for poultry products such as meat and eggs, which then necessitates a steady supply of chicks. The technology of hatchery is moving toward increased hatch rates and healthier chicks, which are making the whole market more efficient and attractive. In addition, there is an increasing consciousness of consumer nutrition regarding poultry products, as well as an increase in disposable incomes in many areas that will fuel growth. Growth in the food service industry and urbanization will also contribute a lot to the demand for poultry and therefore to hatchery services.

Restraints

The market is growing due to various factors. Moreover, the market has various limitations. These include high front-end investment requirements to establish and maintain hatcheries, more particularly for smaller-scale farmers. Technological advancements and demanding labor to run them are complex issues. Over-regulation control and animal welfare may increase costs and operational burdens. Also, competition from other sources of protein and dynamic feed prices can be an issue to profitability and growth.

Opportunities

In the history of poultry products, which include meat and eggs, the demand is on a continuous increase. This requires stable needs for chicks as well as improvements in hatchery technology. This results in higher hatch rates and healthier chicks, thus higher efficiency and appeal in the market. There is an increase in the level of nutrition awareness of poultry products among consumers, combined with growth in disposable incomes across various regions. Expansion in the food service sector and urbanization also contribute to increased demand for poultry, thereby driving the hatchery services market.

Challenges

High initial investments in setting up and maintaining hatcheries, which is costly for small-scale farmers. Technological complexity and the requirement of skilled labor for operating advanced hatchery equipment form a problem. Additional costs and operational constraints may be set on regulatory compliance, while animal welfare standards can also be a problem. Finally, market competition sourced from other protein sources, and fluctuations in feed prices, mean reduced profitability and retarded market growth.

Hatchery Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024 - 2030

Market CAGR

X%

By Product Type

  • Equipment
  • Software
  • Consumables

By Species

  • Poultry,
  • Aquaculture
  • Other Livestock

By End Use

  • Commercial Hatcheries
  • Small-scale Farms
  • Research Institution

By Region

  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA

Analyst Review

Overall, hatchery market is in a growth trend mainly through the increasing demand for poultry products such as chicken meat and eggs that the firms are in continuous demand for a constant supply of chicks to be provided within farms. Expansion of the food service industry and urbanization further boost demand for poultry and, as a result, hatchery activity. Conversely, high investment costs, technological complexities, and regulatory compliance can provide fewer market opportunities. 

Key Features of the Report

  • The hatchery market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies.
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
  • The report provides a plethora of information about Market entry strategies, regulatory framework, and reimbursement scenarios.
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis in addition to recent technology advancements and innovations in the market. (edited) 
 

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Frequently Asked Questions

Rising consumer demand for poultry products, technological advancements, and expansion of the food service sector.

High initial investment costs, technological complexities, and regulatory compliance.

In the market, the Poultry segment holds the highest market share. This is because poultry farming, including both broilers (meat chickens) and layers (egg-producing chickens), is one of the most widespread and economically significant forms of animal husbandry globally.

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Author

Sravani

Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of expe.....

1. Executive Summary
2. Global Hatchery Market Introduction 
2.1.Global Hatchery Market  - Taxonomy
2.2.Global Hatchery Market  - Definitions
2.2.1.Product Type 
2.2.2.Species 
2.2.3.End Users
2.2.4.Region
3. Global Hatchery Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4. Global Hatchery Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5. Global Hatchery Market  By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Equipment
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Software
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Consumables
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
6. Global Hatchery Market  By Species , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Poultry,
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Aquaculture
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Other Livestock
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
7. Global Hatchery Market  By End Users, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Commercial Hatcheries
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Small-scale Farms
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Research Institution
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
8. Global Hatchery Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9. North America Hatchery Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Product Type  Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Equipment
9.1.2.Software
9.1.3.Consumables
9.2.  Species  Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Poultry,
9.2.2.Aquaculture
9.2.3.Other Livestock
9.3.  End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Commercial Hatcheries
9.3.2.Small-scale Farms
9.3.3.Research Institution
9.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10. Europe Hatchery Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Product Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Equipment
10.1.2.Software
10.1.3.Consumables
10.2.  Species  Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Poultry,
10.2.2.Aquaculture
10.2.3.Other Livestock
10.3.  End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Commercial Hatcheries
10.3.2.Small-scale Farms
10.3.3.Research Institution
10.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
10.4.6.Rest of EU
11. Asia Pacific (APAC) Hatchery Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Product Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Equipment
11.1.2.Software
11.1.3.Consumables
11.2.  Species  Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Poultry,
11.2.2.Aquaculture
11.2.3.Other Livestock
11.3.  End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Commercial Hatcheries
11.3.2.Small-scale Farms
11.3.3.Research Institution
11.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12. Middle East and Africa (MEA) Hatchery Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Product Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Equipment
12.1.2.Software
12.1.3.Consumables
12.2.  Species  Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Poultry,
12.2.2.Aquaculture
12.2.3.Other Livestock
12.3.  End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Commercial Hatcheries
12.3.2.Small-scale Farms
12.3.3.Research Institution
12.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13. Latin America Hatchery Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Product Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Equipment
13.1.2.Software
13.1.3.Consumables
13.2.  Species  Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Poultry,
13.2.2.Aquaculture
13.2.3.Other Livestock
13.3.  End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Commercial Hatcheries
13.3.2.Small-scale Farms
13.3.3.Research Institution
13.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.Aviagen Group
14.2.2.Hendrix Genetics
14.2.3.Petersime NV
14.2.4.Neogen Corporation
14.2.5.CTB, Inc. (Chore-Time Brock)
14.2.6.Pas Reform Hatchery Technologies
14.2.7.Trouw Nutrition
14.2.8.Lindsay Corporation
14.2.9.AKVA Group
15. Research Methodology 
16. Appendix and Abbreviations 

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