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Poultry Processing Equipment Market to Grow at a CAGR of 5.1% During the Forecast Period 2020-2025


Poultry Processing E

iCrowdNewswire   Jul 23, 202011:00 AM ET

Poultry Processing Equipment Market size was $3.7 billion in 2019 and is estimated to grow at a CAGR of 5.1% during the forecast period 2020-2025. Poultry processing equipment is used for converting live poultry to raw poultry products that are considered suitable for human consumption. Poultry processing equipment has subsequently acquired great importance in the production process. Poultry farming is the method of raising various domestic birds like chicken, turkey, duck etc. and chicken coops helps to protect chickens from bad weather. An egg incubator is a machine that creates the perfect conditions for an egg to incubate successfully. Rising health concerns, increasing consumption of processed food and Government support regarding the safety of processed foods are the major factors driving the growth of the market. Moreover, Consumer preference towards convenient and packaged protein foods and changing lifestyle further enhances the overall market demand of poultry processing equipment.

Equipment Type- Segment Analysis

Based on the equipment type, the poultry processing equipment market is segmented into killing & de-feathering, evisceration, cut-up, deboning & skinning, marinating & tumbling and others. The killing & de-feathering segment is projected to be the fastest growing with a CAGR of 4.8% during the forecast period 2020-2025. This is mainly owing to the high cost of equipment and the rise in automation that are driving the growth of this segment.

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Poultry Types- Segment Analysis

Based on the poultry types, poultry processing equipment is segmented into chicken, turkey, duck and others. In 2019, Chicken accounts for major share in the poultry processing equipment market. This is mainly owing to healthful than red meat, low concentration of cholesterol and low fat. In addition, less consumption of feed to produce a kilo of chicken than the equal quantity of pork or beef are some factors driving the growth of this segment.

Geography- Segment Analysis

North America accounts for 36% of the poultry processing equipment market share in 2019. This is mainly owing to the benefits associated with the use of these devices such as high technological developments and increasing consumption of high protein. According to the National Chicken Council, per capita consumption of poultry products 94.7 in 2000 and move suddenly to 100 in 2018. This increases the growth of the poultry industry in U.S.
However, Asia-Pacific is forecast to be the fastest-growing region during the forecast period 2020-2025. This is owing to the economic growth of developing countries and rising demand for processed food are some factors driving the growth of poultry processing equipment market.

Drivers –Poultry Processing Equipment Market

• Rising awareness about Health Concern

Owing to rising awareness about health concerns and increasing consumption of high protein food across the globe is a major factor in the growth of the poultry processing equipment market. Moreover, increasing demand for processed food, changing lifestyles are some factors that are contributing the growth.

• Increasing Consumption of Processed Food

Owing to increasing consumption of processed food and growth in technological developments are some factors driving the growth of the market. In addition, Government support regarding the safety of processed foods are also contributing the growth of poultry processing equipment market.

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Challenges –Poultry Processing Equipment Market

Lack of knowledge in technological developments and health problems create a hurdle for the growth of the market. Growing cross-contamination of bird carcass cause serious health problems which is estimated to hinder the growth of the market.

Poultry Processing Equipment Industry Outlook

Product launches, Merger& Acquisitions, joint ventures and R&D activities are key strategies adopted by players in the poultry processing equipment market. Poultry processing top 10 companies are Marel HF, Key Technology Inc., John Bean Technologies Corporation, CTB Inc., Baader Food Processing Machinery Inc., Brower Equipment, Bayle S.A, CG Manufacturing and Distribution Limited, Prime Equipment Group Inc., Brower Equipment among others.

Developments:

19 October 2019: Marel, Lincoln Premium Poultry, Costco have been in a three-way partnership that has been a big part of the success. With the effective installation of the new plant, Marelattempt to give wonderful poultry products at the suitable price and quality.

3 June 2019: JBT (John Bean Technologies Corporation) announces the acquisition of prime equipment group, Inc. The acquisition of prime advances our goal of changing into the popular of poultry customers and provide high quality products and services.

Key Takeaways
• North America dominates the poultry processing equipment market in 2019, owing to high technological developments and increasing consumption of high protein.

• Rising health concern, increasing consumption of processed food and government support regarding the safety of processed food is set to aid in the market growth of poultry processing equipment.

• Detailed analysis on the Strength, Weakness and opportunities of the prominent players operating in the market will be provided in the poultry processing equipment market report.

• Lack of knowledge in technological developments and health problems create a hurdle for the growth of the market.

Related Reports:

A. Processed Poultry & Meat Market

https://www.industryarc.com/Report/7493/processed-poultry-meat-market.html

B. Food Processing Machinery Market

https://www.industryarc.com/Report/16692/food-processing-machinery-market.html

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