Global Poultry Processing Equipment market share 2024, Forecast To 2033
8 Feb, 2024
The poultry processing equipment market has exhibited robust growth, expanding from $4.07 billion in 2023 to $4.36 billion in 2024, boasting a compound annual growth rate (CAGR) of 7.1%. This growth in the historic period is attributed to factors such as the global population rise, stringent food safety regulations, increased consumer awareness of food safety, and the expansion of the poultry industry. Looking ahead, the market is anticipated to experience continued strong growth, reaching $5.74 billion in 2028, with a CAGR of 7.1%. The forecasted growth is driven by urbanization, a surge in demand for convenient and ready-to-cook poultry products, rising disposable income, and the proliferation of fast-food and restaurant chains. Key trends in the forecast period include the integration of automation and robotics, adoption of IoT (Internet of Things), and advanced systems for tracking and tracing, remote monitoring, and maintenance.
Global Poultry Processing Equipment Market Key Driver
The poultry processing equipment market is thriving due to the rising consumption of processed foods. Processed food's easy availability and the subsequent demand for poultry processing equipment are evident in India's projected processed food industry reaching half a trillion dollars by 2025. The market is expected to benefit from the increasing household consumption of processed foods, positioning India as the 5th largest consumer globally by 2030.
Get A Free Sample Of The Global Poultry Processing Equipment Market ReportGlobal Poultry Processing Equipment Market Segments
The global poultry processing equipment market covered in this report is segmented –
1) By Product Type: Fresh Processed, Raw Cooked, Pre-Cooked, Raw Fermentation Sausages, Cured, Dried, Other Product Types
2) By Poultry Type: Turkey Meat, Chicken Meat, Duck meat, Other Poultry Types
3) By Equipment: Killing and Defeathering, Evisceration, Cut-Up, Deboning and Skinning, Marinating and Tumbling, Other Equipment
By Geography: The regions covered in the Poultry Processing Equipment market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North Americawas the largest region in the poultry processing equipment market in 2023. Asia-Pacificis expected to be the fastest-growing region in the forecast period. The regions covered in the poultry processing equipment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Poultry Processing Equipment Industry Players
Baader Group, Bayle S.A., Brower Equipment, Cantrell-Gainco Group Inc., CG Manufacturing and Distributing Inc., CTB Inc., JBT Corporation, Key Technology Inc., Prime Equipment Group Inc., Meyn Food Processing Technology B.V., Tetra Laval International S.A., Bettcher Industries Inc., Featherman Equipment, BFE Services Pty Ltd., John Bean Technologies Corporation, Marel hf., Mayekawa Mfg. Co. Ltd., Foodmate B.V., Cattaruzzi Srl, Qingdao Jianhua Food Machinery Manufacturing Co. Ltd., Shandong Baoxing Machinery Co. Ltd., Poultry Processing Equipment Ltd., Drobtech, Stork Food & Dairy Systems B.V., Linco Food Systems A/S, Chick Master Incubator Company, Foster Farms, Shenandoah Valley Organic
Get The Full Global Poultry Processing Equipment Market Report
Poultry Processing Equipment Market Overview
Poultry processing equipment is defined as the equipment required for preparing meat from several types of fowl that are consumed by humans, and the final products are sold to the customers in the form of meat and eggs. The poultry processing equipment is used for processing poultry such as ducks, chickens, and turkeys.
Poultry Processing Equipment Global Market Report 2023 provides data on the global poultry processing equipment market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The poultry processing equipment market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.