The global Poultry Processing Equipment Market is anticipated to grow from USD 4200.0 Million in 2022 to USD 7,958.3 Million by 2032, with overall sales exhibiting a CAGR of 6.6% during the forecast period. Rising production and consumption of poultry meat across the world is a key factor driving demand for poultry processing equipment in the market.
As the global demand for poultry meat products continues to rise drastically, poultry processing equipment has become the ideal solution to meet this demand. Poultry processing equipments are advanced machines or tools used across poultry processing lines to slaughter, process, and package poultry products on large scales. This equipment includes poultry slaughtering equipment, de-feathering equipment, de-boning equipment, cut-up machine, evisceration equipment, tumbling equipment, and marinating equipment, among others.
The adoption of this equipment allows users to significantly improve their productivity, reduce labor costs, reduce the risk of contamination, and increase meat quality. As a result, these poultry processing equipment have gained immense traction across the world and have become ideal alternatives to manual methods.
Rising production and consumption of poultry meat products, especially chicken meat across the world due to their high nutritional content is a key factor driving the global poultry processing equipment market.
Similarly, the rapid growth of the food industry is significantly contributing to the expansion of the worldwide poultry processing equipment market. The food industry is supporting the growth of the poultry processing equipment market through various means. Firstly, the demand for poultry products is increasing, due to the growing population and changing lifestyles. This has led to an increased demand for poultry processing equipment.
The food industry is investing in research and development activities to improve the quality of poultry products. This is expected to fuel the growth of the poultry processing equipment market in the future. Thirdly, many companies are entering into partnerships and collaborations to provide innovative solutions to customers.
Various governments are also helping poultry processing equipment manufacturers to produce poultry processing equipment at a large scale by providing subsidies and interest-free loans to support meat processing and related industries. Thus, the rising government will further market during the next ten years.
| Attribute | Key Insights |
|---|---|
| Poultry Processing Equipment Market Value (2023) | USD 4200.0 Million |
| Projected Market Value (2033) | USD 7,958.3 Million |
| Value-based CAGR (2023 to 2033) | 6.6% |
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The global poultry equipment market is projected to grow at 6.6% CAGR between 2023 and 2033, in comparison to the 4.8% CAGR registered during the historical period from 2018 to 2023.
Growing demand for high nutritional chicken products and increasing adoption of automated processing machines across poultry processing plants are some of the key factors providing impetus to the growth of the global market.
Poultry processing equipment is machines used across poultry plants for processing poultry. These machines are ideal for companies to increase their production capacities, reduce human intervention, improve the quality of products, and reduce contamination. As a result, they are being increasingly employed across various sectors.
Government support in the form of subsidies and tax breaks is expected to fuel the growth of the poultry processing equipment market.
A number of influential factors have been identified that are expected to spur growth in the global poultry processing equipment market during the projection period (2023 to 2033). Besides the proliferating aspects prevailing in the market, the analysts at FMI have also analyzed the restraining elements, lucrative opportunities, and upcoming threats that can somehow influence poultry processing equipment sales.
The drivers, restraints, opportunities, and threats (DROTs) identified are as follows:
DRIVERS
RESTRAINTS
OPPORTUNITIES
THREATS
Principal Consultant
Rising Consumption of Poultry Products Driving the USA Market
The USA 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, the rapid growth of the food service industry, and the presence of leading poultry processing equipment manufacturers.
Changing lifestyles and eating habits across the USA have led to increased consumption of processed chicken products like chicken nuggets, chicken burgers, and other processed chicken products. Hence, demand for poultry processing equipment is growing at a significant pace in the country and the trend is likely to continue during the forecast period.
According to the National Chicken Council, per capita consumption of poultry is expected to reach 115.3 pounds in 2023. This will positively influence the poultry processing equipment market in the country during the forecast period.
Growing Need for Producing High-Quality Poultry Products Pushing Demand in the UK
Europe, spearheaded by the UK has been a major market for poultry processing equipment. There are several reasons for this, including the fact that Europe is home to some of the world's largest poultry producers. European consumers have a strong appetite for poultry products, making it an appealing market for equipment manufacturers.
Similarly, the high level of producer consolidation is one of the main reasons why the is such an appealing market for poultry processing equipment. This means that a few large companies dominate the industry, which can help equipment manufacturers sell their products.
Another reason that the UK is a desirable market is that food safety regulations are extremely stringent. This necessitates the use of high-quality, dependable poultry processing equipment to assist producers in meeting these regulations.
Increasing Number of Poultry Producers Supporting Market Expansion in China
As per FMI, the poultry processing equipment market in China is expected to grow at a healthy pace during the next ten years, making it the most lucrative market across East Asia. Growth in the market is driven by rising production and consumption of poultry meat products, the high adoption rate of novel processing technologies, and favorable government support.
In recent years China has been experiencing rapid economic growth. This has led to an increase in demand for poultry products, as well as a need for more efficient poultry processing equipment. There are several reasons why China is emerging as a promising market for poultry processing equipment.
The population in the region is growing at a rapid pace. This means that there is an increasing demand for poultry products. Similarly, the country has a large number of poultry producers. This provides a ready market for suppliers of poultry processing equipment.
Demand Remains High for Poultry Slaughtering and De-feathering Equipment
Based on product type, the global poultry processing equipment market is segmented into poultry slaughtering equipment, de-feathering equipment, de-boning equipment, cut-up machine, evisceration equipment, tumbling equipment, and marinating equipment.
Among these, poultry slaughtering equipment and poultry de-feathering equipment segments collectively hold the largest share of the global market and the trend is likely to continue during the forecast period. this can be attributed to the rising adoption of these machines across poultry processing industries.
Poultry slaughtering and de-feathering equipment have become pre-requisite in every automated poultry processing plant. They are being increasingly employed to slaughter and de-feather chickens, ducks, and turkeys. These machines significantly help companies increase overall productivity and reduce the risk of injuries to workers.
Chicken Processing to Generate Maximum Revenues in 2023 & Beyond
As per FMI, the chicken processing segment is expected to experience the maximum growth in poultry processing equipment during the forecast period. This is due to the growing demand for chicken meat and the need for efficient and cost-effective poultry processing equipment.
Chicken is the most common poultry type consumed globally due to its easy availability, high nutritional content, and low cost. It is being used to make a variety of dishes and fast foods.
With the rapidly growing population and robust expansion of the food service industry, demand for chicken meat products is likely to grow at a prolific pace during the upcoming period. To meet this demand, companies are increasingly employing poultry processing equipment. This will aid in the expansion of the target segment as well as the global poultry processing equipment market.
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The competitive landscape of poultry processing equipment is highly consolidated with the top four players accounting for nearly 80% of the total market in 2017. Key players in this market include GEA Group, Marel hf., Baader Group, and CFS - Inc. (Continental FoodSystems).
GEA Group is the largest player in the poultry processing equipment market with a revenue share of 38.6% in 2017. The company has a strong global presence and offers a wide range of products for various poultry processing applications such as slaughtering, defeathering, evisceration, and cut-up.
Leading players are constantly upgrading their product portfolios by introducing new and advanced products. Further, they are adopting strategies such as mergers. Partnerships, acquisitions, collaborations, facility expansions, and strengthening of distribution channels to gain a competitive edge in the market. For instance,
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 4200.0 Million |
| Projected Market Size (2033) | USD 7,958.3 Million |
| Anticipated Growth Rate (2023 to 2033) | 6.6% |
| Forecast period | 2023 to 2033 |
| Historical data available for | 2018 to 2022 |
| Market analysis | USD million in value |
| Key regions covered | North America; Eastern Europe; Western Europe; Japan; South America; Asian Pacific; Middle east and Africa |
| Key countries covered | USA, Germany, France, Italy, Canada, UK, Spain, China, India, Australia |
| Key segments covered | Product Type, Application, Distribution Channel, Region |
| Key companies profiled | Marel hf; BRF S.A.; GEA Group; Baader Group; CFS - Inc.; Tyson Foods, Inc.; Wen’s Food Group Co., Ltd.; Koch Foods; Bachoco® New Hope Group; Perdue Farms Inc.; Sanderson Farms, Incorporated; Charoen Pokphand Group |
| Report Coverage | Market Forecast, Company Share Analysis, Drivers, Restraints, Opportunities, and Threats Analysis, Market Dynamics, Competitive Landscape, Challenges, Strategic Growth Initiatives |
The worldwide poultry processing equipment market size is estimated to reach USD 4200.0 Million in 2023.
Between 2023 and 2033, the poultry processing equipment market is expected to grow at 6.6% CAGR.
The global poultry processing equipment market is projected to surpass a valuation of USD 7958.3 Million by 2033.
The USA, Germany, China, Canada, China, India, the UK, and Australia are the major countries driving demand for poultry processing equipment.
The UK currently holds around 22% share of the global market.
BRF S.A., GEA Group, Baader Group, CFS - Inc. Tyson Foods, Inc. are expected to be the top players operating in the global market.
1. Executive Summary | Poultry Processing Equipment Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Poultry Slaughtering Equipment 5.2. De-feathering Equipment 5.3. De-boning Equipment 5.4. Cut-up Machine 5.5. Evisceration Equipment 5.6. Tumbling Equipment 5.7. Marinating Equipment 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Chicken Processing 6.2. Turkey Processing 6.3. Duck Processing 6.4. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. East Asia 7.5. South Asia 7.6. Oceania 7.7. Middle East and Africa (MEA) 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Marel HF (Iceland) 17.2. Key Technology Inc. (US) 17.3. John Bean Technologies Corporation (US) 17.4. CTB Inc. (US) 17.5. Baader Food Processing Machinery Inc. (US) 17.6. Brower Equipment (US) 17.7. Waltons Co. Ltd. 17.8. Bayle S.A. (France) 17.9. Prime Equipment Group Inc. (US) 17.10. CG Manufacturing & Distribution Limited (Canada) 17.11. Others (on demand) 18. Assumptions & Acronyms Used 19. Research Methodology
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Poultry Processing Equipment Market
