The global poultry keeping machinery market is set to be valued at around US$ 5.09 Billion in 2022, registering Y-o-Y growth of 3.2%. The market is projected to increase at a CAGR of 3.6% and attain a valuation of US$ 6.54 Billion by 2028.
The study primarily credits rising poultry meat consumption with the market for poultry keeping equipment’s promising future. The study found that areas like Latin America, Asia Pacific outside of Japan, and North America have significant growth potential for the poultry keeping machinery market.
The newest market research study by Future Market Insights on poultry keeping machinery finds that the market was valued nearly at US$ 4.5 Billion in 2021, and is projected to grow by ~3.6% CAGR during the forecast period of 2022-2028.
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Significant product innovation over the next decade with advanced technologies meeting regulations and animal welfare norms are expected to emerge as a product differentiator for the market. Automation of agricultural and farm equipment and demand for advanced and cost-effective poultry keeping machinery from new poultry farms have increased significantly.
Growing demand for progressive products is imposing pressure on the manufacturers to deliver technologically-advanced and unique product offerings, finds FMI. Thus, technological advancements have led to noteworthy investment in research & development by equipment manufacturers. Manufacturers in the poultry keeping machinery market focus on developing unique patented technologies, which act as product differentiators and help them earn a competitive edge.
From an investment viewpoint, birds such as turkey, ducks and broilers have high economic value as they adapt easily to any environment. They can be used for meat within eight weeks, and thereby, with expected increase in consumption, significant upsurge in investment in the poultry sector is expected, particularly in developing countries, countries in the Middle East Africa such as Iran and Tunisia.
APEJ Region to Provide Noteworthy Growth Opportunities for Manufacturers
With ongoing technological advancements and progression in agricultural and farm equipment over the years, automation is anticipated to emerge as the future of the poultry keeping machinery market in growing economies in the APEJ Region. Poultry keeping machinery manufacturers are focusing more on improving their market structures and offerings in the region.
For the global poultry keeping machinery market, the APEJ region is projected to be a prominent region throughout the forecast period owing to the increasing consumption and production of poultry keeping machinery in China and India, along with North America, Latin America, Western Europe, and Eastern Europe. The growing focus on animal welfare worldwide has inclined consumer focus on the methods adopted in the production of the food produced from the farm.
Broiler Harvesting and Slaughtering Equipment to Remain Prominent Poultry Keeping Machinery
The division of the global poultry keeping machinery market has been done on the basis of product type, along with seven regions.
- Based on product, poultry keeping machinery is commonly used in broiler harvesting and slaughtering, which is expected to contribute to the growth of the market in the coming years. It is anticipated to play a prominent role in the global poultry keeping machinery market throughout the forecast period. The other types of poultry keeping machinery such as vaccination, flooring, scales, nest, and cages, are also considered to project relatively high growth in the upcoming years.
- Drinking and feeding poultry keeping machinery also have noteworthy benefits due to their reduced microbial load and improvement in feeding pellets to the farm animals. This will improve the growth performance through feed intake, which will result in weight gain. This feed conversion ratio will lead to healthy protein gain.
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Poultry Keeping Machinery Market: Vendor Insights
The global poultry keeping machinery report emphasizes on some of the principal industry players in the global poultry keeping machinery market. Some of the examples of the key players in the market are Valco Companies, Inc., Jansen Poultry Equipment, Vencomatic Group, Big Dutchman International GmbH, TEXHA PA LLC, Petersime NV, Hartmann Lebensmitteltechnik Anlagenbau GmbH, and HAMex-GmbH, among others.
Key Segments of Poultry Keeping Machinery Industry Survey
Poultry Keeping Machinery Market by Product
- Feeding
- Drinking
- Climate Control
- Incubator Equipment
- Hatchery Equipment
- Egg Collection, Handling, and Management Equipment
- Broiler Harvesting and Slaughtering
- Residue and Waste Management
- Others (Vaccinations, Floorings, Scales, Nests, Cages)
Poultry Keeping Machinery Market by Region
- North America Poultry Keeping Machinery Market
- Latin America Poultry Keeping Machinery Market
- Europe Poultry Keeping Machinery Market
- East Asia Poultry Keeping Machinery Market
- South Asia & Pacific Poultry Keeping Machinery Market
- Middle East & Africa (MEA) Poultry Keeping Machinery Market
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Table of Content
- Executive Summary
- Market Introduction
2.1. Market Definition
2.2. Market Taxonomy
2.3. Poultry Industry Overview
- Poultry Keeping Machinery Market Analysis Scenario
3.1. Market Volume Analysis
3.2. Pricing Analysis
3.3. Customer Demographic By Region
3.4. Market Overview
3.5. Product – Cost Teardown Analysis
Explore FMI’s Extensive Coverage on Industrial Automation Domain
Cattle Handling Systems Market Growth: The global cattle handling systems market is estimated to develop at a moderate CAGR of 6.6% during the forecast period. The market for cattle handling systems is estimated to reach from US$ 2,630 Mn in 2023 to US$ 4,983 Mn by 2033.
Chicken Feeder and Drinkers Market Analysis: A consistent CAGR of 4% is predicted for the sector by 2033. According to FMI, the revenue share of the chicken feeders and drinkers market is anticipated to increase from US$ 3,573 million in 2023 to US$ 5,289 million by 2033. The chicken feeders and drinkers businesses are likely to grow 1.48x between 2023 and 2033.
Plucker Machine market Trends: The plucker machine market has a worth of USD 1,593 million in 2023 and is projected to reach USD 2,474 million by 2033, with a CAGR of 4.5% during the forecast period.
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