Growing Consumption of High Nutritional Chicken Meat Products to Drive Poultry Processing Equipment Market Sales at 6.6% CAGR Through 2033 | Report by Future Market Insights, Inc.
Future Market Insights Global and Consulting Pvt. Ltd.
5 min read
Future Market Insights Global and Consulting Pvt. Ltd.
The U.S. poultry processing equipment market is expected to grow at a robust pace during the forecast period, owing to the rising demand for processed chicken products, rapid growth of food service industry, and presence of leading poultry processing equipment manufacturers.
NEWARK, Del, Dec. 31, 2022 (GLOBE NEWSWIRE) -- NEWARK, Del: According to Future Market Insights, the global sales of poultry processing equipment are projected to grow at 6.6% CAGR between 2023 and 2033, totalling a valuation of US$ 7,958.3 Mn by 2032.
Rising production and consumption of poultry meat products, especially chicken meat across the globe is a key factor providing impetus to the growth of poultry processing equipment market and the trend is likely to continue during the forecast period.
Poultry processing equipment refer to tools or equipment used by companies to process poultry meat on large scales. Right from performing functions of slaughtering, de-feathering, and de-boning to evisceration and marinating, poultry processing machines help end users to improve productivity and reduce labor costs.
Factors such as rapidly growing population, increasing disposable income, and changing lifestyles have resulted in increased consumption of processed and ready-to-eat food products including chicken wings, fried chicken, and chicken patties. This in turn is prompting poultry processing plants to increase their production capacities. Driven by this, sales of poultry processing equipment are set to rise at a robust pace during the next ten years.
Similarly, advancement in poultry processing equipment and development of cost-efficient solutions will aid in the expansion of the global poultry processing equipment market.
Key Takeaways from the Poultry Processing Equipment Market Study:
By product type, the poultry slaughtering and de-feathering equipment segments lead the global market.
Based on application, chicken processing segment will continue to dominate the global poultry processing equipment market during the forecast period.
North America holds the largest share of the worldwide poultry processing equipment market.
With rising consumption of chicken meat products, Asia Pacific is likely to emerge as the fastest growing poultry processing equipment market through 2033.
Demand for poultry processing equipment across the U.S. is expected to grow at a strong pace over the next ten years.
“The ever-increasing demand for high nutritional poultry meat products is compelling meat processing companies to employ new automated solutions for increasing their production capacities. This is acting as a catalyst triggering growth of the worldwide poultry processing equipment market”, says a lead FMI analyst.
Market leaders of Poultry Processing Equipment in the global market are Marel HF, Key Technology Inc., John Bean Technologies Corporation, CTB Inc., and Baader Food Processing Machinery Inc.
These players are adopting strategies such as new product launches, partnerships, mergers, acquisitions, and collaborations to increase sales and solidify their position in the global market.
Poultry Processing Equipment Market Segmentation by category
Get Valuable Insights into Poultry Processing Equipment Market
FMI, in its new offering, provides an unbiased analysis of the Poultry Processing Equipment market presenting historical demand data (2018-2022) and forecast statistics for the period from (2023-2033). The study divulges compelling insights on the demand for Poultry Processing Equipment Market based by Equipment Type (Poultry slaughtering equipment, De-feathering equipment, De-boning machine, Cut-up machine, Evisceration equipment, tumbling equipment, marinating equipment), Application (Chicken, turkey, duck processing) across seven major regions.
About the Food & Beverage Division at Future Market Insights
Expert analysis, actionable insights, and strategic recommendations – the Food & Beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
