by The poultry keeping machinery market is estimated to be valued at US$ 5563.33 Mn or in 2023 and is expected to exhibit a CAGR of 3.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Poultry keeping machinery includes equipment used for hatching eggs, feeding and watering poultry, egg collection, chick sexing, and handling chickens. Growing demand for chicken meat has propelled poultry farms to automate their processes using equipment like feeders, drinkers, egg collection systems, and chick sexing machines.
Market Dynamics:
One of the key drivers for the growth of poultry keeping machinery market is increasing consumer preference for chicken meat over other meats. Chicken meat is considered a healthy source of protein and its demand is rising globally. This is encouraging poultry farmers to expand their operations and efficiently manage large flocks with automation solutions. Furthermore, labor costs are increasing rapidly so poultry farm owners are adopting equipment that reduces manual labor and improves productivity. For example, automatic drinkers and feeders minimize the time spent on feeding and watering chickens. Systems like egg collection belts and packing machines also help produce eggs efficiently. Together, these factors are expected to drive the demand for poultry keeping machinery during the forecast period.
SWOT Analysis
Strength: Poultry keeping machinery market has strong growth opportunities due to rising consumption of poultry meat and eggs globally. Recent technological advancements help players to offer cost effective and efficient machinery. Growing automation trends in poultry farms allow optimal production.
Weakness: High initial investments required for machinery and equipment increases overall production costs for poultry farmers. Lack of technical expertise and skilled labor hinders adoption of advanced machinery in developing regions.
Opportunity: Developing countries offer huge growth scope due to rapid urbanization and rising incomes. Increasing demand for convenience and processed poultry products necessitates use of efficient machinery. Growing contract farming and co-operative models present new opportunities.
Threats: Threat from substitute meat categories like fish and meat slightly limits poultry consumption in a few regions. Stringent food safety regulations impose operational challenges. COVID-19 pandemic negatively impacted HoReCa channels and exports demand in short term.
Key Takeaways
The Global Poultry Keeping Machinery Market Size is expected to witness high growth, exhibiting CAGR of 3.4% over the forecast period, due to increasing meat consumption globally. Technological advancements in equipment combined with rapidly growing contract farming models will accelerate machinery adoption.
Regional analysis North America dominates currently due to robust industrial livestock farming practices. Europe remains the second largest market driven by progressive poultry cooperatives and established equipment providers. Asia Pacific shows fastest growth aided by rising incomes, expanding poultry production and governmental support schemes for farm mechanization in leading nations.
Key players operating in the poultry keeping machinery market are Jansen Poultry Equipment, Petersime NV, Vencomatic Group, Big Dutchman International GmbH, Valco Companies, Inc., TEXHA PA LLC, Hartmann Lebensmitteltechnik Anlagenbau GmbH, and HAMEX-GROUP. They focus on developing innovative, energy efficient systems along with emphasizing on expansion in emerging economies through collaborations.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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