The Poultry Brooders, Feeders, And Waterers Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Poultry Brooders, Feeders, And Waterers Global Market Report 2024, The poultry brooders, feeders, and waterers market size has grown strongly in recent years. It will grow from $33.05 billion in 2023 to $35.51 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to growing poultry industry, focus on animal welfare, efficiency and productivity.
The poultry brooders, feeders, and waterers market size is expected to see strong growth in the next few years. It will grow to $46.15 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to population growth and urbanization, food safety and hygiene, sustainability and environmental concerns, disease outbreaks and biosecurity. Major trends in the forecast period include automation and iot integration, customization and flexibility, hybrid systems, data-driven decision-making, market consolidation.
Increasing consumption of poultry products is expected to drive the growth of the poultry brooders, feeders, and waterers market. The rise in poultry consumption is connected with four key factors such as explicit growth, improvements in income, chicken price relative to those for competitive meats, and dietary preferences. According to the Organisation for Economic Co-operation and Development (OECD) statistics, a France-based intergovernmental organisation, in July 2021, the estimate for total poultry meat production in 2020 is 134 Mt, up 1.2% from 2019 and supported by a significant increase in demand in China. Thus, the rising consumption of poultry products is indicating the need for high-quality poultry meat which in turn boosts the market growth for poultry brooders, feeders, and waterers market.
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The poultry brooders, feeders, and waterers market covered in this report is segmented –
1) By Product Type: Brooders; Feeders; Waterers
2) By Operation: Automatic; Manual; Semi-Automatic
3) By Poultry: Chicken; Turkey; Duck; Other Poultry
The poultry brooders, feeders, and waterers market report table of contents includes:
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Top Major Players
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