In 2023, the poultry keeping machinery market is estimated to be worth a substantial US$ 5.2 billion, and the horizon looks even more promising. Projections indicate that the market is poised for a significant surge at a Compound Annual Growth Rate (CAGR) of 4% during the forecast period from 2023 to 2033, ultimately reaching an impressive valuation of US$ 7.7 billion by 2033.
One standout factor is the global proliferation of fast-food and restaurant chains, largely fueled by the ever-increasing world population. As people’s lives become busier, dining out becomes more of a convenience, and the demand for poultry-based products in these establishments has witnessed a remarkable surge. Poultry, recognized for its versatility and cost-effectiveness as a protein source, has become the preferred choice for these foodservice outlets.
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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.
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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
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)
Bye End User:
- Farm
- Poultry Factory
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa (MEA)
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Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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