Future Market Insights projects that the global poultry processing equipment market will reach US$ 7,958.3 million by 2032, growing at a 6.6% CAGR between 2023 and 2033.
The growth of the poultry processing equipment market is primarily being driven by the rising production and consumption of poultry meat products, particularly chicken meat, across the globe. This trend is anticipated to continue during the forecast period.
Poultry processing equipment refers to the tools and machinery used by businesses to process poultry meat on a large scale. Poultry processing machines help end users improve productivity and reduce labour costs by performing functions such as slaughtering, de-feathering, and de-boning, as well as evisceration and marinating.
Factors such as a rapidly growing population, rising disposable income, and changing lifestyles have led to an increase in the consumption of processed and ready-to-eat foods such as chicken wings, fried chicken, and chicken patties. As a result, poultry processing plants are increasing their production capacity. As a result, sales of poultry processing equipment are expected to rise rapidly over the next ten years.
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Similarly, advancement in poultry processing equipment and development of cost-efficient solutions will aid in the expansion of the global poultry processing equipment market.
Key Takeaways from the Poultry Processing Equipment Market Study:
• By product type, the poultry slaughtering and de-feathering equipment segments lead the global market.
• Based on application, chicken processing segment will continue to dominate the global poultry processing equipment market during the forecast period.
• North America holds the largest share of the worldwide poultry processing equipment market.
• With rising consumption of chicken meat products, Asia Pacific is likely to emerge as the fastest growing poultry processing equipment market through 2033.
• Demand for poultry processing equipment across the U.S. is expected to grow at a strong pace over the next ten years.
Who is Winning?
Market leaders of Poultry Processing Equipment in the global market are Marel HF, Key Technology Inc., John Bean Technologies Corporation, CTB Inc., and Baader Food Processing Machinery Inc.
These players are adopting strategies such as new product launches, partnerships, mergers, acquisitions, and collaborations to increase sales and solidify their position in the global market.
Get Valuable Insights into Poultry Processing Equipment Market
FMI, in its new offering, provides an unbiased analysis of the Poultry Processing Equipment market presenting historical demand data (2018-2022) and forecast statistics for the period from (2023-2033). The study divulges compelling insights on the demand for Poultry Processing Equipment Market based by Equipment Type (Poultry slaughtering equipment, De-feathering equipment, De-boning machine, Cut-up machine, Evisceration equipment, tumbling equipment, marinating equipment), Application (Chicken, turkey, duck processing) across seven major regions.
Poultry Processing Equipment Market Segmentation by category
By Product Type:
• Poultry Slaughtering Equipment
• De-feathering Equipment
• De-boning Equipment
• Cut-up Machine
• Evisceration Equipment
• Tumbling Equipment
• Marinating Equipment
By Application:
• Chicken Processing
• Turkey Processing
• Duck Processing
By Distribution Channel:
• Online
• Offline
By Region:
• North America
• Latin America
• Asia pacific
• Eastern Europe
• Western Europe
• Japan