Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of expe.....
Hatchery Market: By Product Type, By Species, By End Use 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.
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.
• 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
• 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.
• 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.
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.
Study Period
2024 - 2030Base Year
2023CAGR
X%Largest Market
North AmericaFastest Growing Market
Asia pacific
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.
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.
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.
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.
Report Benchmarks |
Details |
Report Study Period |
2024 - 2030 |
Market CAGR |
X% |
By Product Type |
|
By Species |
|
By End Use |
|
By Region |
|
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.
Download Free Sample Report
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.
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 |