Poultry Processing Equipment Market Growth And Outlook 2024-2031

Market Dynamics:
The poultry processing equipment market witnessed a notable surge, reaching US$ 5.1 billion in 2023 and is poised to hit US$ 7.95 billion by 2031, showcasing a steady CAGR of 5.71% during the forecast span from 2024 to 2031. This growth is primarily attributed to the burgeoning global population and escalating health awareness driving the demand for protein-rich sources like poultry. According to FAO, global poultry meat consumption surged to 152 million tons, constituting 52% of the meat consumed worldwide. Concurrently, per capita poultry consumption reached 113.3 pounds in 2021, with broiler meat dominating the figures.

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Segmentation:
The market's segmentation reveals a multifaceted landscape, categorized based on type, product, mode of operation, application, end-user, and region. Notably, automatic poultry processing equipment takes the lead in the market, leveraging its capacity to enhance efficiency. With automated systems offering faster processing speeds and heightened precision, they facilitate larger poultry volumes handling, minimizing human intervention, thus ensuring superior hygiene standards.

Geographical Analysis:
Asia-Pacific emerges as the frontrunner in the global poultry processing equipment market, fueled by a surge in demand for processed food products propelled by a burgeoning working population and rising disposable incomes. India, boasting a highly vertically integrated poultry industry, witnesses a steady rise in both chicken meat and egg production. Similarly, China showcases remarkable figures in poultry meat production and consumption, further propelling the market expansion. The region's increasing poultry production and consumption necessitate advanced processing equipment to meet escalating demands.

Key Players:
Key players dominating the global poultry processing equipment market include Marel, Deccan Automation Technology, JBT, Qingdao Raniche Machinery Technology Co., Ltd., CTB, Inc., Baader Global SE, MAYEKAWA MFG. CO., LTD., BAYLE SA, Foodmate B.V., and Hightop Poultry Equipment.

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