PUBLISHER: The Business Research Company | PRODUCT CODE: 1489297
PUBLISHER: The Business Research Company | PRODUCT CODE: 1489297
Poultry processing equipment encompasses a range of machinery and tools used in the processing of poultry meat, which includes turkey, chicken, duck and other types of poultry. This equipment is essential for various stages of poultry meat production, from initial processing to packaging.
The poultry processing equipment market consists of sales, by entities (organizations, sole traders and partnerships), of poultry processing equipment, which refers to the equipment required for preparing meat from several types of poultry birds that are consumed by humans. The final products are being sold to the customers in the form of meat.
The global poultry processing equipment market was valued at $3,292.99 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 4.00%.
Changes In Dietary Preferences And Health Awareness
Changes in dietary preferences and health awareness fueled the growth of the poultry processing equipment market during this historic period. Growing health consciousness spurred a shift to lean protein sources, notably poultry, for its low-fat content and perceived health benefits. This trend drives increased poultry consumption, boosting demand for processing equipment to meet production needs. Changing lifestyles drive demand for convenient poultry products like pre-packaged cuts and marinated chicken, fueling market growth supported by efficient processing equipment. For instance, in October 2022, according to a study of 2,000 US adults aged 30 and above, commissioned by Nutrisystem, a US-based commercial provider of weight loss products and services and conducted by OnePoll, a UK-based international market research agency, surveys, consumer insights and opinion polling revealed that 71% of Americans are more health-conscious post-pandemic Additionally, according to a 2019 American Heart Association poll, millennials born between 1981 and 1996-people aged 24 to 39 at the end of 2020-more likely than older generations practiced healthy habits, including eating a balanced diet and getting regular exercise. Therefore, the changes in dietary preferences and health awareness drove the growth of the poultry processing equipment market.
Strategic Partnerships And Collaborations Among Market Players
Strategic partnerships and collaborations are a key trend gaining popularity in the poultry processing equipment market. Major companies operating in the poultry processing equipment market are focusing on partnerships and collaborations with other poultry processing equipment manufacturing companies to strengthen their position in the market. For instance, in August 2023, Foodmate B.V., a Netherlands-based poultry processing equipment manufacturing company, announced a strategic partnership with Suhner Group, an Austria-based industrial products and manufacturing processes equipment company. The collaboration introduces a valuable addition to Foodmate's product range: Suhner High-Quality, High-Performance Meat Trimmers. Tailored for the poultry processing sector, these trimmers excel in bone and fat removal, elevating productivity and precision in meat processing operations. Furthermore, in March 2023, RND Automation, an India-based manufacturer of customized poultry and meat processing equipment, partnered with BAADER, a Germany-based leading poultry processing equipment supplier that offers solutions to help poultry plants worldwide. This partnership allows RND Automation to provide advanced poultry processing machinery and solutions in India and beyond, aiming to upgrade factories, shape the market and enable customers to increase their production to up to 15,000 birds per hour.
The global poultry processing equipment market is fairly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up 18.16% of the total market in 2022.
Poultry Processing Equipment Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global poultry processing equipment market as it emerges from the COVID-19 shut down.
Where is the largest and fastest-growing market for poultry processing equipment? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The poultry processing equipment 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 history and forecasts market growth by geography. It places the market within the context of the wider poultry processing equipment market; and compares it with other markets.