The global poultry keeping machinery market is on a trajectory of steady growth, projected to achieve a Compound Annual Growth Rate (CAGR) of 3.6%. By the year 2028, it is anticipated to reach a valuation of approximately US$ 6.54 billion.
Future Market Insights (FMI) is pleased to present a comprehensive comparison and review analysis of the poultry keeping machinery sector, shedding light on the dynamic factors fueling its growth. One of the primary driving forces behind this expansion is the proliferation of fast-food and restaurant chains worldwide, which has been catalyzed by the growing global population. Furthermore, the market derives significant advantages from the escalating consumption of poultry meat.
The poultry keeping machinery market’s promising growth trajectory is a testament to its indispensable role in supporting the evolving demands of the global food industry. As the population continues to rise and dietary preferences evolve, the poultry sector is poised for sustained expansion.
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According to a thorough analysis conducted by Future Market Insights (FMI), the disparity in Basis Point Share (BPS) values observed in the poultry keeping machinery market during the first half of 2022, in contrast to the projected outlook for the same period, reveals a notable growth of 10 units. Particularly noteworthy is the comparison to the first half of 2021, where the market exhibited a substantial increase of 29 BPS in the first half of 2022.
This shift in growth dynamics can be primarily attributed to the efficacy of poultry as a cost-effective source of protein, which has led to a recent surge in demand for chicken products. Consequently, an upward trajectory in poultry meat consumption is expected to follow suit. Due to its affordability and high protein content, poultry meat is anticipated to retain its status as the preferred source of animal protein among consumers in the foreseeable future.
The indirect driver for the demand in poultry keeping machinery lies in the surging global consumption of chicken products. This demand is not limited to households but also extends to fast-food chains and restaurants, where poultry items are increasingly favored by consumers. In order to meet this growing demand, a diverse range of equipment is required to ensure the healthy and secure production of chickens and eggs, further fueling the poultry keeping machinery market’s growth.
Country-wise Analysis: Poultry Keeping Machinery Market
United States: Growing Adoption of Advanced Machinery Drives Market Growth
The outlook for the Poultry Keeping Machinery Market in the United States is promising, characterized by the increasing deployment of advanced poultry machinery, including automated egg collectors and broiler harvesters. This technological advancement is poised to be a significant driver of market growth within the U.S.
As a result of these innovations, the demand for healthy dietary products is anticipated to witness a substantial upswing, particularly in the realm of chicken products. Recognized as an economical source of protein, chicken products are expected to experience a notable surge in demand. Consequently, there is a growing need for improved infrastructure and facilities to effectively manage poultry, meeting the evolving demands of the market.
China: Novel Technologies Propel Poultry Farm Equipment Demand
China presents a highly lucrative market for poultry keeping machinery, with the rising implementation of novel technologies creating compelling growth opportunities for poultry farm equipment manufacturers. Key drivers in this context include an increase in household income, shifts in food consumption patterns, and changing consumer preferences favoring value-added foods.
Notably, livestock production holds a substantial share of China’s total agricultural output. The widespread adoption of technology for poultry farm equipment, coupled with the emergence of new market entrants offering innovative products, underscores the extensive use of poultry keeping machinery in China. The market’s growth potential is further accentuated by these factors, positioning China as a prominent player in the global poultry keeping machinery market.
Key Players:
- Valco Companies, Inc.
- Vencomatic Group
- TEXHA PA LLC
- Petersime NV
- HAMex-GmbH
- Big Dutchman International GmbH
- Jansen Poultry Equipment
- Ziggity Systems, Inc.
- A.P. POULTRY EQUIPMENTS
- TECNO POULTRY EQUIPMENT Spa
- Salmet
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Market Segmentation:
By Product:
- Feeding
- Drinking
- Climate Control
- Incubator Equipment
- Hatchery Equipment
- Egg Collection, Handling, and Management Equipment
- Broiler Harvesting and Slaughtering
- Residue and Waste Management
- Others (Vaccinations, Floorings, Scales, Nests, Cages)
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa (MEA)
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