The poultry processing equipment global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Poultry Processing Equipment Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The poultry processing equipment market size has grown strongly in recent years. It will grow from $4.07 billion in 2023 to $4.36 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to rise in global population, stringent food safety regulations, rise in consumer awareness of food safety, expansion of the poultry industry .
The poultry processing equipment market size is expected to see strong growth in the next few years. It will grow to $5.74 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to rise in urbanization, rising demand for convenience and ready-to-cook poultry products, rise in disposable income, growing fast food and restaurant chains. Major trends in the forecast period include automation and robotics integration, adoption of iot (internet of things), advanced systems for tracking and tracing, remote monitoring and maintenance, customization and specialization .
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Scope Of Poultry Processing Equipment Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Poultry Processing Equipment Market Overview
Market Drivers –
The increase in consumption of processed foods is expected to propel the growth of the poultry processing equipment market moving forward. Processed food is defined as food that is prepared through a special method with the main aim of preserving, storing, and making the food safe for consumption. Consumption of processed food is increasing because of its easy availability and thereby increases the demand for poultry processing equipment. For instance, according to the National Investment Promotion and Facilitation Agency, an India-based investment promotion agency operated by the government, the processed food industry in India is expected to reach half a trillion dollars by 2025. In addition, household consumption of processed food is expected to increase at a higher rate, making India the 5th largest consumer across the globe by 2030. Therefore, the rising consumption of processed foods is driving the growth of the poultry processing equipment market.
Market Trends –
Product innovations are a key trend gaining popularity in the poultry processing equipment market. Companies operating in the poultry processing equipment sector are focused on developing new products with innovative solutions to strengthen their presence. For instance, in May 2022, GEA Group AG, a Germany-based food processing technology company, launched the new CutMaster Generation 3 for manufacturing several types of sausage, a variety of chicken, fish, plant-based, vegan, and vegetarian items, and processed cheese. This product is designed with customer-driven technology upgrades with a unique integrated AC drive that provides more flexibility with an easy power supply and is maintenance-free, that relies on cutting-edge technology.
The 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
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Regional Insights –
North America was the largest region in the poultry processing equipment market in 2023. Asia-Pacific is 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.
Key Companies –
Major companies operating in the poultry processing equipment market include 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
Table of Contents
1. Executive Summary
2. Poultry Processing Equipment Market Report Structure
3. Poultry Processing Equipment Market Trends And Strategies
4. Poultry Processing Equipment Market – Macro Economic Scenario
5. Poultry Processing Equipment Market Size And Growth
…..
27. Poultry Processing Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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