Global Poultry Processing Equipment Market to Hit US$ 5.8 Billion by 2032
The global poultry processing equipment market is bifurcated into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa based on geographical locations. Among these, North American region is likely to hold a dominating position in the global market owing to rising government support to expand the poultry processing industry in the region.
The valuation of the global poultry processing equipment market
is US$ 3.8 billion in 2022 and is estimated to reach US$
5.8 billion by 2032-end. Worldwide demand for commercial poultry
processing equipment is anticipated to increase at a CAGR of 4.3% through
2032.
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Key Takeaways from Market Study:
- Sales
of poultry processing equipment are likely to progress at a CAGR of 4.3%
through 2032.
- The
chicken segment is expected to increase at a CAGR of 4.6% through 2032.
- Valuation
of poultry processing equipment is estimated to reach US$ 5.8 billion by
2032-end.
- The
killing & defeathering segment is likely to progress at a CAGR of 5%
through 2032.
“Increasing awareness about health concerns along with
rising consumption of high protein-rich food around the world is estimated to
generate new sales opportunities for poultry processing equipment manufacturers
over the coming years,” says a Fact.MR analyst
Enhanced Focus on Nutritional Requirements in the Poultry Industry:
The poultry industry, with its conversion of feed into
products like eggs and meat, exhibits a notable demand for essential nutrients.
Insufficient levels of key amino acids can lead to growth setbacks, behavioral
issues like feather picking, and reduced egg production among poultry.
Inadequate nutrition not only affects poultry health but
also has environmental consequences, including increased nitrous oxide emissions
linked to manure. This, in turn, can negatively impact the environment.
Therefore, maintaining the right balance of protein requirements is imperative
for fostering both environmental sustainability and production efficiency.
Competitive
landscape:
Poultry processing
equipment manufacturers are adopting many strategies such as mergers &
acquisitions, partnerships, collaborations, portfolio expansion, novel product
launches, and many more for the generation of growth opportunities.
For instance,
- TARGAN in May 2022 secures around
US$ 35.1 million for the launching of novel technologies for the poultry
industry.
- Marel, Lincoln Premium Poultry, and
Costco on October 19, 2019, established a partnership. This partnership
will help Marel with the installation of a novel plant to give efficient
poultry products of suitable quality and at an economical price.
Key suppliers of
poultry processing equipment include Baader Group, Meyn Food Processing
Technology B.V., Cantrell Gainco Group, Inc., Brower Equipment, JBT
Corporation, CTB Inc., and John Bean Technologies Corporation, as per the
latest study by Fact.MR, a provider of market research and competitive
intelligence.
Segmentation of
Poultry Processing Equipment Industry Research:
- By Product:
- Chicken
- Other
Types
- By Equipment:
- Killing
& Defeathering
- Deboning
& Skinning
- Cut-ups
- Marinating
& Tumbling
- Evisceration
- Other
Equipment
- By Region:
- North
America
- Europe
- Asia
Pacific
- Latin
America
- Middle
East & Africa
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Questionnaire
answered in the Market outlook Report of Poultry Processing Equipment include:
- What is the key strategy
deployed by large players to maximize Poultry Processing Equipment Market growth?
- What are the main
challenges faced by players in the Poultry Processing Equipment market
Demand?
- With the advent of
technological advancement, how will the Poultry Processing Equipment
market landscape change over the forecast period?
- What does player bring to
the table which is unique as a strategy, and is easy to emulate for new
investors in the Poultry Processing Equipment market size?
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