The global poultry processing equipment market was valued at USD 2.95 billion in 2015; this is projected to grow at a CAGR of 4.7% from 2018, to reach USD 3.82 billion by 2020.
Northbrook, IL -- (SBWIRE) -- 07/02/2019 -- The report "Poultry Processing Equipment Market by Type (Chicken, Turkey, Ducks), Product Type, Equipment Type (Killing & De-Feathering, Evisceration, Cut-ups, Deboning & Skinning, Marinating & Tumbling), & by Region - Global Forecast to 2020", The market is projected to reach USD 3.83 Billion by 2020, at a CAGR of 4.7% from 2015 to 2020.
Browse 89 market data Tables and 42 Figures spread through 157 Pages and in-depth TOC on "Poultry Processing Equipment Market - Global Forecasts to 2020"
The market is driven by factors such as increased consumption of processed food, the government support for the use of equipment in developing countries, the demand for food safety, safety of workers, environment and sustainability, the presence of small and medium enterprises in developing countries, rising raw material costs, and international trade rules.
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Killing & de-feathering equipment accounted for the largest market share in 2014
Killing & de-feathering dominated the poultry processing equipment market among other equipment. This market is projected to grow at the highest CAGR from 2015 to 2020 as it is a pre-requisite in every automated poultry processing plant.
Significant growth for poultry processing equipment is observed in the Asia-Pacific region
The Asia-Pacific region is projected to be the fastest-growing market during the forecast period, due to economic growth and the shift of the preferences of the consumers towards value added food. The Asia-Pacific region, which includes countries such as China, Japan, India, Thailand, and Vietnam have witnessed an increase in the consumption rate of meat. As observed over the last decade, the demand for animal protein in these countries has increased and has become important due to the current busy life styles.
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Chicken segment holds high potential for poultry processing equipment
On the basis of poultry type, the poultry processing equipment market is led by chicken, followed by duck. Chicken consumption is growing faster than other meat. It takes much less feed to produce a kilo of chicken than the equal quantity of pork or beef. In some areas around the world, religious beliefs restrict the consumption of beef and pork; however, they do not apply to poultry meat, which is one of the drivers of the poultry meat market. The chicken segment is projected to grow at the highest CAGR from 2015 to 2020.
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such Marel HF (Iceland), Key Technology, Inc. (U.S.), John Bean Technologies Corporation (U.S.), CTB, Inc. (U.S.), Baader Food Processing Machinery, Inc. (Germany), Brower Equipment (U.S.), Bayle S.A. (France), CG Manufacturing and Distribution Limited (Canada), and Prime Equipment Group, Inc. (U.S.).
In terms of insights, this research report has focused on various levels of analysis; industry analysis, market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global poultry processing equipment market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.
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