PUBLISHER: The Business Research Company | PRODUCT CODE: 1387974
PUBLISHER: The Business Research Company | PRODUCT CODE: 1387974
“Poultry Brooders, Feeders, And Waterers Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on poultry brooders, feeders, and waterers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for poultry brooders, feeders, and waterers? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The poultry brooders, feeders, and waterers market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Poultry brooders, feeders, and waterers serve as essential equipment on poultry farms, facilitating the care and management of birds and chicks by providing them with heat, food, and water.
The primary product categories within the poultry equipment market include brooders, feeders, and waterers. Brooders encompass various devices or structures designed for nurturing young chickens and other bird species. These operations can be categorized as automatic, manual, or semi-automatic. The poultry involved in these systems typically includes chickens, turkeys, ducks, and other poultry varieties.
The poultry brooders, feeders, and waterers market research report is one of a series of new reports from The Business Research Company that provides poultry brooders, feeders, and waterers market statistics, including poultry brooders, feeders, and waterers industry global market size, regional shares, competitors with a poultry brooder, feeders, and waterers market share, detailed poultry brooders, feeders, and waterers market segments, market trends and opportunities, and any further data you may need to thrive in the poultry brooders, feeders, and waterers industry. This poultry brooders, feeders, and waterers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The poultry brooders, feeders, and waterers market size has grown strongly in recent years. It will grow from $33.05 billion in 2023 to $35.51 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth observed during the historical period can be ascribed to the expansion of the poultry industry, an increased focus on animal welfare, and the pursuit of greater efficiency and productivity within the sector.
The poultry brooders, feeders, and waterers market size is expected to see strong growth in the next few years. It will grow to $46.15 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The anticipated growth in the forecast period can be linked to factors such as population growth and urbanization, heightened emphasis on food safety and hygiene, growing concerns about sustainability and the environment, as well as the management of disease outbreaks and biosecurity. Prominent trends in this forecast period encompass the integration of automation and IoT (Internet of Things), a focus on customization and flexibility, the adoption of hybrid systems, data-driven decision-making processes, and ongoing market consolidation.
The poultry brooders, feeders, and waterers market is poised for growth due to the increasing consumption of poultry products. This upsurge in poultry consumption is attributed to four significant factors: population growth, rising incomes, competitive chicken prices compared to other meats, and changing dietary preferences. Notably, the Organisation for Economic Co-operation and Development (OECD) reported that global poultry meat production reached 134 million metric tons in 2020, marking a 1.2% increase from the previous year, with substantial demand growth in China. This surge in poultry consumption underscores the demand for high-quality poultry products, driving the growth of the poultry brooders, feeders, and waterers market.
The economic growth is expected to be a driving force behind the expansion of the poultry brooders, feeders, and waterers market. Economic growth signifies increased production and consumption of goods and services within an economy, fostering a favorable environment for poultry industry expansion. This, in turn, spurs demand for equipment like poultry brooders, feeders, and waterers. The market stands to benefit from the growing consumption of poultry products and the need for efficient and sustainable poultry farming practices. For instance, in the second quarter of 2023, the United Kingdom's gross domestic product (GDP) is predicted to have expanded by 0.2%, indicating economic growth as a driver of the poultry brooders, feeders, and waterers market.
The shift in individuals' preferences away from non-vegetarian foods is expected to limit the growth of the poultry brooders, feeders, and waterers market. Concerns about animal cruelty towards poultry animals have led to decreased poultry food preferences. Organizations like the Ethical Treatment of Animals (PETA) have highlighted the mistreatment of chickens, causing a decline in poultry meat consumption. In the USA, for instance, millions of hens are used for eggs, and billions of chickens are slaughtered annually, raising concerns about animal welfare. The increasing awareness of poultry animal cruelty has led to a reduction in poultry meat consumption, affecting the poultry brooders, feeders, and waterers market.
The integration of IoT-based devices with poultry equipment is gaining traction in the poultry brooders, feeders, and waterers market. IoT solutions enable farmers to make informed decisions regarding feed adjustments, disease control, and key performance indicators for improved production. For example, in August 2023, Denvik Technology Pvt Ltd., based in India, introduced IoT-based smart solutions that are being adopted in poultry farms to enhance operational efficiency, reduce costs, and ensure animal welfare. Poultry producers can use IoT-based smart solutions to monitor and manage their operations more effectively, leading to optimal growth and reduced disease risk.
Major companies in the poultry brooders, feeders, and waterers market are introducing innovative technological products, such as AI-Powered Smart Hummingbird Feeders and Smart Bird Baths, to enhance their market profitability. AI-powered smart bird feeders combine artificial intelligence, cameras, and bird feeders to enhance the bird-watching experience. For instance, in May 2023, Bird Buddy Inc., a US-based startup, launched AI-Powered Smart Hummingbird Feeders and Smart Bird Baths. The Smart Hummingbird Feeder utilizes artificial intelligence to identify a wide range of hummingbird species found in North America, offering close-up views of these birds. The feeder can detect up to 350 distinct hummingbird species, capturing images and videos of hummingbirds flying at speeds of up to 60 mph.
In July 2022, the US-based poultry farm Sanderson Farms merged with Wayne Farms. This strategic merger aims to position the newly formed entity for enhanced competitiveness, sustainable operations, and long-term growth, benefiting both the workforce and the company. Prior to the merger, each company had distinct areas of focus, with Sanderson serving the retail market and Wayne focusing on the restaurant and catering industry. Wayne Farms is a prominent US-based farming company.
Major companies operating in the poultry brooders, feeders, and waterers market include Big Dutchman International GmbH, Officine Facco & C. Spa, Tecno Poultry Equipment Spa, Valco Companies Inc., Vencomatic Group BV, Jamesway Incubator Company Inc., LUBING Maschinenfabrik Ludwig Bening GmbH & Co. KG, ME International Installation GmbH, Chore-Time Brock International, GSI Group LLC, Farmer Automatic of America Inc., Roxell BVBA, Cumberland Poultry LLC, TEXHA PA LLC, Ziggity Systems Inc., Plasson Industries Ltd., Collinson PLC, Hyundai Rotem Company, Munters Group AB, Fancom BV, Secco International Inc., Impex Barneveld BV, HATO BV, Evergreen Micronutrients Private Limited, Farmer Automatic Industries GmbH, Jansen Poultry Equipment, VDL Agrotech BV, Vencomatic North America Inc.
The Asia-Pacific was the largest region in the poultry brooders, feeders, and waterers market in 2023. North America was the second largest region in the poultry brooders, feeders, and waterers market. The regions covered in the poultry brooders, feeders, and waterers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the poultry brooders, feeders, and waterers market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada
The poultry brooders, feeders, and waterers market consists of sales of nipple drinker, linear water, gas brooder, electrical brooder, and circular feeder. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.