USD 4.53 billion
Report ID:
SQMIG20D2030 |
Region:
Global |
Published Date: July, 2001
Pages:
157
|Tables:
96
|Figures:
76
Poultry Processing Equipment Market size was valued at USD 4.53 billion in 2019 and is poised to grow from USD 4.87 billion in 2023 to USD 8.46 billion by 2031, growing at a CAGR of 7.13% in the forecast period (2024-2031).
Poultry processing equipment is used to transform live poultry into raw poultry products fit for human consumption. Many other advancements in meat processing technology may play a role in the growth of the global poultry processing equipment market. Mechanization of the meat production method furthermore reduced labor costs and improving meat quality and safety. Meat contains various components such as water, protein, and fat. Meat processing techniques are used to prolong the life of food, refine the preparation process, and enhance flavor. Many industries have entered the market to serve to the global demand for processed meat, creating a demand for meat processing equipment. Poultry processing equipment, in particular, is used to treat turkeys, ducks, and, most notably, chicken.
The poultry processing equipment is used in the preparation of meat from various types of poultry consumed by humans. Processes such as battering and breading, tumbling and massaging, smoking, deboning, and grinding are used to transform poultry into a variety of products. With Industry 4.0 market trends, the stakeholders have embraced a paradigm shift in technology, and poultry farming is no exception. This industry is moving toward a digitized regime in which poultry processing tools will be automated. Players in the poultry farming industry are gradually recognizing the potential for process efficiency through technology adoption.
US Poultry Processing Equipment Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 4.53 billion
Largest Segment
Raw cooked
Fastest Growth
Raw cooked
Growth Rate
7.13% CAGR
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Poultry processing equipment market is segmented based on poultry type, equipment type, product type and region. Based on poultry type, the market is categorized into chicken, turkey, ducks, based on equipment type, the market is categorized into killing & defeathering, evisceration, cut-ups, deboning & skinning, marinating & tumbling. Based on product type, the market is categorized into fresh processed, raw cooked, pre-cooked, raw fermented sausages, cured, dried, others. Based on region, the market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Poultry Processing Equipment Market Analysis by Poultry Type
in the forecast years, chicken is expected to hold a significant poultry processing equipment market share. A wide range of processed chicken products, such as ham, bacon, nuggets, smoked chicken, and sausages are available on the market which is expected to boost chicken sales. The rising demand for chicken products is attributed to the increasing popularity of chicken among poultry product producers and consumers as a result of the product's low production costs and lower product prices. Chicken meat stands out for its flavor, versatility, and texture, and its sales are expected to increase in the coming years.
Poultry Processing Equipment Market Analysis by Product Type
In 2022, fresh processed segment has dominated the market. The rise in demand for convenient and packaged food products as a result of hectic schedules and an increasing number of working women has boosted the demand for processed food products. In comparison to home-cooked food, processed meat and poultry products are gaining popularity across different regions. Thus, an increase in demand for convenient meat and poultry products is expected to propel the demand for poultry processing equipment and subsequently drive the market.
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North America has encountered the largest Poultry Processing Equipment Market share in the year 2022. Considering consumer preferences, the United States and Canada had the largest market share for poultry processing equipment. Increased government support for the expansion of the poultry processing industry in this region has the greatest impact on the North America poultry processing equipment market. Furthermore, strict government regulations to ensure food quality and shift consumer preferences toward high-value, protein-rich, fat-free foods have increased demand for poultry processing equipment in North America. Emerging markets, particularly India, Japan, New Zealand, and China, are overcoming technological constraints and currently offer ample growth opportunities.
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Poultry Processing Equipment Market Driver
Growing Preference for Flavored Products and Health Benefits Associated with Meat Consumption to Drive the Market Growth
Poultry Processing Equipment Market Restraint
Significant costs of equipment and lack of technological awareness to create market challenges
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Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Global Poultry Processing Equipment Market. Many major firms are shifting their focus to the introduction of new products into the market.
The Poultry Processing Equipment Market is highly fragmented due to the increase in demand for meat products in both the home and foodservice channels across the world. Furthermore, as demand for goat, mutton, beef, fish, and pork starts growing, food service companies are focusing on providing excellent meat products to their customers. Furthermore, operators are being pushed toUSe automated slaughtering and plucking technology to avoid direct touch and ensure cut meat cleanliness and safety. As a result, the ever-increasing demand for power is fueled by technological advancements.
Poultry Processing Equipment Market Top Players Company Profiles
Poultry Processing Equipment Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to the global poultry processing equipment market report analysis, the demand for poultry processing equipment is expected to rise in the forecast years as a result of multiple health benefits associated with poultry meat products. Poultry meat contains a variety of nutrients, including proteins, minerals, vitamins, and omega-3 fatty acids. Docosahexaenoic Acid (DHA) and Eicosapentaenoic Acid (EPA) found in poultry meat products aid in weight management, cognitive function, and Alzheimer's disease prevention. In addition, other nutrients found in poultry meat products help with brain development and reproductive health. These advantages offered by poultry meat products are expected to drive the poultry processing equipment market during the forecast period.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 4.53 billion |
Market size value in 2031 | USD 8.46 billion |
Growth Rate | 7.13% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Poultry Processing Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Poultry Processing Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Poultry Processing Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Poultry Processing Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Poultry Processing Equipment Market size was valued at USD 4.53 billion in 2019 and is poised to grow from USD 4.87 billion in 2023 to USD 8.46 billion by 2031, growing at a CAGR of 7.13% in the forecast period (2024-2031).
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Report ID: SQMIG20D2030
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