September 30th, 2022
Poultry Processing Equipment Market
The Poultry Processing Equipment Market was estimated around USD 3,480 million in 2019 and is predicted to grow at a CAGR of 4.7% over the forecast period (2020-2027).
The factors driving the growth of Poultry Processing Equipment Market includes growing demand for protein rich food, rise in the consumption of red meats and increasing cases of obesity and Alzheimer's disease around the world. According to the report published by Statista, the Global Meat market is predicted to reach USD 1,198 billion by the end of 2022, expanding at a CAGR of 7.78% over the forecast period (2022-2027), which is expected to boost the Poultry Processing Equipment Market share in the approaching years. Moreover, the technological advancements in the processing equipment, regulations regarding the adoption of safety measures inside the poultry processing plants and rising awareness amongst consumers about the nutritional benefits of consuming eggs and meat, are some of the additional factors supplementing the Poultry Processing Equipment Market size. In addition, the increasing investments by leading players on research and development, rise in the number of fast-food chains and restaurants, improvements in the living standards and growing disposable incomes, are further contributing to the market growth.
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However, the growth of Poultry Processing Equipment Market is hindered due to increase in the cost of raw materials.
The major players operating in the market are Bayle S.A., Marel HF, Key Technology Inc., John Bean Technologies Corporation, Brower Equipment, Cargill Inc., H Walton Ltd., CG Manufacturing and Distribution Limited, Prime Equipment Group Inc., CTB Inc., Baader Food Processing Machinery Inc., and Brower Equipment, among others.
Equipment: Segment Analysis
Based on Equipment, the Killing & Defeathering segment is expected to expand at a significant CAGR during the forecast period attributed to its increasing use in advanced poultry processing plants across the globe.
Product Type: Segment Analysis
Based on Product Type, the Fresh Processed segment is anticipated to hold the highest market share over the forecast period attributed to busy lifestyles and easy availability of processed food products at the e-commerce platforms.
Poultry: Segment Analysis
Based on Poultry, the Chicken segment is estimated to dominate the market during the forecast period attributed to growing demand for boneless chicken food items and rising awareness about the nutritional benefits of consuming chicken.
Regional: Segment Analysis
Based on Region, the North American region is predicted to capture the largest market share during the forecast period attributed to advancements in the poultry processing equipment, growing demand for protein rich food items and high per capita incomes.
Global Poultry Processing Equipment Market by Equipment
Killing & Defeathering
Deboning & Skinning
Marinating & Tumbling
Global Poultry Processing Equipment Market by Product Type
Raw Fermented Sausages
Global Poultry Processing Equipment Market by Poultry
Global Poultry Processing Equipment Market by Region
Rest of APAC
North AmericaUnited States of America
Rest of Europe
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